Asian Paints Ltd. — Capital/Financing Update 2021

Nov 29, 2021

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APL/SEC/19/2021-22/58

29[th] November, 2021

BSE Limited National Stock Exchange of India Limited Corporate Relationship Department Exchange Plaza, Plot No. C/1, Phiroze Jeejeebhoy Towers, Block G, Bandra – Kurla Complex, 25[th] Floor, Dalal Street, Bandra (East), Fort, Mumbai – 400 001 Mumbai – 400 051 Scrip Code: 500820 Symbol: ASIANPAINT

Sir/Madam,

Sub: Intimation pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015

This is with reference to our letter nos. APL/SEC/08/375 dated 23[rd] January, 2017 and APL/SEC/08/2017 – 18/15 dated 25[th] July, 2017, wherein the Company had, inter alia, informed you about its proposal to expand the existing manufacturing capacity of the Company’s manufacturing facility situated at Ankleshwar, Gujarat.

We inform you that the Company has today signed a Memorandum of Understanding with the Government of Gujarat, commencing the proposed expansion of manufacturing capacity of paint from 130,000 KL to 250,000 KL and resins and emulsions from 32000 MT to 85000MT to be completed over a period of the next 2 -3 years at a total investment of Rs. 960 crores (approx.) on plant and machinery at the current prevailing prices. This expansion will be carried out on the existing land owned by the Company.

This is for your information and record.

Thanking you,

Yours truly,

For ASIAN PAINTS LIMITED

Digitally signed by JEYAMURUGAN JEYAMURUGAN RAMALINGAM RAMALINGAM JEYAPANDIYAN JEYAPANDIYAN Date: 2021.11.29 11:41:31 +05'30'

R J JEYAMURUGAN CFO & COMPANY SECRETARY

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