Akzo Nobel India will hold a meeting of the Board of Directors of the Company on 7 November 2024.Powered by Capital Market - Live News

Akzo Nobel NV (ultimate holding company of Akzo Nobel India) is conducting a strategic review of its portfolio in order to redeploy capital towards growing its core coatings businesses.The initial focus will be on its decorative paints positions in South Asia. AkzoNobel has a premium, highly profitable position in India in particular, with a strong track record of growth. Given this unique market position, the company is well-placed to participate in the further development of the highly dynamic South Asian decorative paints market, which is ripe for consolidation.The review will explore various strategic options ranging from partnerships or joint ventures through to mergers or divestments.Powered by Capital Market - Live News

The board of directors of Akzo Nobel India at its meeting held on 01 August 2024 has approved appointment of Namrata Kaul (DIN: 0994532) on the Board of the Company as an Additional Director in the category of Independent Director/Woman Director w.e.f. 5 August 2024. Powered by Capital Market - Live News

Net profit of Akzo Nobel India rose 4.28% to Rs 114.60 crore in the quarter ended June 2024 as against Rs 109.90 crore during the previous quarter ended June 2023. Sales rose 3.71% to Rs 1036.30 crore in the quarter ended June 2024 as against Rs 999.20 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales1036.30999.20 4 OPM %16.3016.22 - PBDT176.10166.90 6 PBT154.30147.60 5 NP114.60109.90 4 Powered by Capital Market - Live News

Akzo Nobel India will hold a meeting of the Board of Directors of the Company on 1 August 2024.Powered by Capital Market - Live News