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    Asian Paints Limited Dividend Distribution Policy

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    Jai
    Asian Paints Limited's dividend distribution policy aims to comply with regulations regarding dividend payouts. The policy outlines financial parameters and internal/external factors considered before declaring dividends, including current/retained earnings, working capital needs, investment opportunities, and legal requirements. The CFO and MD & CEO will recommend dividend amounts to the Board based on these parameters. The company only has equity shares, and dividends will be declared at the Board's fixed rate, with final dividends subject to shareholder approval. The policy may be amended by those authorized by the Board.

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    Asian Paints Limited Dividend Distribution Policy

    Uploaded by

    Jai
    101 views3 pages
    Asian Paints Limited's dividend distribution policy aims to comply with regulations regarding dividend payouts. The policy outlines financial parameters and internal/external factors considered before declaring dividends, including current/retained earnings, working capital needs, investment opportunities, and legal requirements. The CFO and MD & CEO will recommend dividend amounts to the Board based on these parameters. The company only has equity shares, and dividends will be declared at the Board's fixed rate, with final dividends subject to shareholder approval. The policy may be amended by those authorized by the Board.

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    Asian Paints Limited's dividend distribution policy aims to comply with regulations regarding dividend payouts. The policy outlines financial parameters and internal/external factors considered before declaring dividends, including current/retained earnings, working capital needs, investment opportunities, and legal requirements. The CFO and MD & CEO will recommend dividend amounts to the Board based on these parameters. The company only has equity shares, and dividends will be declared at the Board's fixed rate, with final dividends subject to shareholder approval. The policy may be amended by those authorized by the Board.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    101 views3 pages

    Asian Paints Limited Dividend Distribution Policy

    Uploaded by

    Jai
    Asian Paints Limited's dividend distribution policy aims to comply with regulations regarding dividend payouts. The policy outlines financial parameters and internal/external factors considered before declaring dividends, including current/retained earnings, working capital needs, investment opportunities, and legal requirements. The CFO and MD & CEO will recommend dividend amounts to the Board based on these parameters. The company only has equity shares, and dividends will be declared at the Board's fixed rate, with final dividends subject to shareholder approval. The policy may be amended by those authorized by the Board.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    ASIAN PAINTS LIMITED

    DIVIDEND DISTRIBUTION POLICY


    (Approved by the Board of Directors at their meeting held on 25th October, 2016)
    INTRODUCTION
    This Policy is called “Asian Paints Limited – Dividend Distribution Policy” (hereinafter referred to
    as “this Policy”) and shall be effective from 25th October, 2016 (“Effective Date”).

    In terms of the Securities and Exchange Board of India (Listing Obligations and Disclosure
    Requirements) Regulations, 2015, including any statutory modification(s) or re-enactment(s)
    thereof for the time being in force, Asian Paints Limited (hereinafter referred to as “the
    Company”) is required to frame this Policy.

    POLICY
    This policy aims at ensuring compliance with the provisions of Regulation 43A of Securities and
    Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015,
    including any statutory modification(s) or re-enactment(s) thereof for the time being in force.

    The Company would, inter alia, consider the following financial parameters and / or internal &
    external factors before declaring dividend(s) or recommending dividend(s) to the shareholders:

     Current year profits arrived at after providing for depreciation in accordance with the
    provisions of Section 123 and other applicable provisions, if any, of the Companies Act,
    2013 read with the Rules issued thereunder; and / or
     Profits from any of the previous financial year(s) arrived at after providing for depreciation
    in accordance with the provisions of Section 123 and other applicable provisions, if any,
    of the Companies Act, 2013 read with the Rules issued thereunder;
     Fund requirements to finance the working capital needs of the business;
     Opportunities for investments of the funds of the Company to capture future growth in
    the industry, e.g. capital expenditure, network expansion, etc;
     Funding requirements for any organic and inorganic growth opportunities to be pursued
    by the Company;
     Optimal free cash to fund any exigencies, if any;
     Prevailing legal requirements, regulatory conditions or restrictions laid down under the
    applicable laws including tax laws.

    In case the Board proposes not to distribute the profit; the grounds thereof and information on
    utilisation of the retained earnings, if any, shall be disclosed to the shareholders in the Board’s
    Report forming part of Annual Report of the Company.
    The CFO jointly with the MD & CEO of the Company shall suggest any amount to be declared /
    recommended as Dividend to the Board of Directors of the Company, taking into account the
    aforementioned parameters.

    Parameters adopted w.r.t. various classes of shares:

     The Company has only one class of shares referred to as equity shares of the face value
    of Re. 1 each, forming part of its Issued, Subscribed and Paid – up share capital.
     Dividend (including interim and/or final) would be declared and paid to equity
    shareholders at the rate fixed by the Board of Directors of the Company. Final dividend
    proposed by the Board of Directors, if any, would be subject to the approval of the
    shareholders at the Annual General Meeting.

    AMENDMENTS TO THE POLICY


    The Company is committed to continuously reviewing and updating our policies and procedures.
    Therefore, this policy is subject to modification. Any amendment(s) of any provision of this policy
    shall be carried out by persons authorized by the Board in this regard.

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