Asian Paints Limited announced standalone audited financial results of the company for the quarter and financial year ended March 31, 2013 and unaudited consolidated financial results of the company for the quarter ended March 31, 2013 and audited consolidated financial results of the company for the year ended March 31, 2013. For the quarter, the company reported on standalone basis net sales/income from operations of INR 22,169.0 million against INR 20.6728 billion a year ago. Profit from operations before other income and finance costs was INR 3.139 billion against INR 3.118 billion a year ago. Profit from ordinary activities before tax was INR 3.507 billion against INR 3.468 billion a year ago. Profit from ordinary activities after tax was INR 2.895 billion or INR 24.98 per basic and diluted share against INR 2.445 billion or INR 25.50 per basic and diluted share a year ago. For the year, the company reported on standalone basis net sales/income from operations of INR 89.211 billion against INR 79.247 billion a year ago. Profit from operations before other income and finance costs was INR 14.202 billion against INR 12.522 billion a year ago. Profit from ordinary activities before tax was INR 15.158 billion against INR 13.629 billion a year ago. Profit from ordinary activities after tax was INR 10.500 billion or INR 109.47 per basic and diluted share against INR 96.839 billion or INR 99.92 per basic and diluted share a year ago. For the quarter, the company reported on consolidated basis net sales/income from operations of INR 27,136.7 million against INR 25.376 billion a year ago. Profit from operations before other income and finance costs was INR 3.441 billion against INR 3.465 billion a year ago. Profit from ordinary activities before tax was INR 3.766 billion against INR 3.893 billion a year ago. Profit from ordinary activities after tax was INR 2.58 billion or INR 26.18 per basic and diluted share against INR 2.647 billion or INR 27.05 per basic and diluted share a year ago. For the year, the company reported on consolidated basis net sales/income from operations of INR 109.060 billion against INR 95.983 billion a year ago. Profit from operations before other income and finance costs was INR 15.773 billion against INR 13.876 billion a year ago. Profit from ordinary activities before tax was INR 16.552 billion against INR 14.540 billion a year ago. Profit from ordinary activities after tax was INR 11.595 billion or INR 116.13 per basic and diluted share against INR 10.205 billion or INR 103.08 per basic and diluted share a year ago.

Asian Paints Limited announced that the Board of Directors of the company at its meeting held on May 09, 2013 has recommended payment of final dividend of INR 36.50 per Equity Share of the face value of INR 10 each for the financial year ended March 31, 2013. Together with the interim dividend of INR 9.50 per Equity Share of the face value of INR 10 each approved by the Board on October 25, 2012, the total dividend aggregates to INR 46 per Equity Share of the value of INR 10 each for the financial year ended March 31, 2013, payable on or after June 25, 2013.

Asian Paints Limited has announced that Ms. Tarjani Vakil, Independent Director on the Board of Directors of the company does not wish to seek re-appointment at the forthcoming Annual General Meeting. Ms. Vakil has been an Independent Director on the Board of the company for more than fourteen years. She is the Chairperson of the Audit Committee and a member of the Remuneration Committee of the Board of Directors.