75th Founding Day Lecture Meeting on “India@2030” Know More

January 2023

Disclosures Regarding Business Restructuring including Merger/Demerger and Discontinuing Operations for Y.E. 31st March, 2022

By Himanshu Kishnadwala, Chartered Accountant
Reading Time 26 mins

ASIAN PAINTS LTD.

From Notes to Financial Statements – Standalone Financial Statements Amalgamation of Reno Chemicals Pharmaceuticals and Cosmetics Private Limited with the Company

On 2nd September, 2021, the National Company Law Tribunal, Mumbai approved Scheme of amalgamation (“the Scheme”) of Reno Chemicals Pharmaceuticals and Cosmetics Private Limited (“Reno”), wholly owned subsidiary of the Company, with the Company. Pursuant to the necessary filings with the Registrars of Companies, Mumbai, the scheme has become effective from 17th September, 2021 with the appointed date of 1st April, 2019. Accordingly, the comparative period has been restated for the accounting impact of amalgamation, as if the amalgamation had occurred from the beginning of the comparative period in accordance with the Scheme.

Particulars As at 1st April 2020 (Rs. in crores)
Property, plant and equipment 160.86
Capital work in progress 7.70
Income tax asset
Read More
Download PDF

You May Also Like

Eligibility of Educational Institutions to Claim Exemption Under Section 10(23C) of the Income-Tax Act – Part I

Select Tax and Transfer Pricing Issues in Case of Transactions between the Head Office and its Permanent Establishment