Sirca Paints India Limited — Important, 20-03-2025: Disclosure of material issue

Sirca Paints India Limited has acquired the business operations of the Wembley Group, including its brands, intellectual property, customer relationships, and employees, for a total of ₹81.5 crore. This strategic acquisition allows Sirca to expand its product portfolio in the paint and coatings sector, enhancing its market position. The deal includes the right to use all intellectual property associated with the Wembley Group but does not encompass manufacturing facilities. The transaction is expected to strengthen Sirca's turnover and improve EBITDA margins, suggesting a positive outlook for investors as the company integrates new offerings into its business strategy.