1. The above results were reviewed by the Audit Committee on May 09, 2009 and approved by the Board of Directors at their meeting held on May 12, 2009.

2. The Board of Directors have recommended a payment of final dividend of Rs 11/- (Rupees eleven only) per equity share of the face value of Rs 10 each, for the financial year ended March 31, 2009. The total dividend for the year including the final dividend (subject to the approval of shareholders at the ensuing Annual General Meeting) will be Rs 17.50 (Rupees seventeen and paise fifty only) per equity share of the face value of Rs 10/- each.

3. The final dividend of Rs 10.50 (Rupees Ten and paise Fifty only) per equity share of the face value of Rs 10/- each for the financial year 2007-2008 was approved by the shareholder at the Annual General Meeting held on June 24, 2008 and the same was paid on June 25, 2008.

4. An interim dividend of Rs 6.50 (Rupees Six and paise Fifty only) per equity share of the face value of Rs 10/- each was declared at the Board Meeting held on October 24, 2008 and paid on November 05, 2008.

5. A provision of Rs 5.90 crores towards diminution in the value of the Company´s long term investment in its subsidiary Asian paints (Bangladesh) Ltd made through its wholly owned subsidiary Asian Paints (International) Ltd is recognized in the profit and loss account as an exceptional item based on the management´s assessment of the fair value of its investment.

6. A Scheme of amalgamation for the merger of Technical Instruments Manufacturers (India) Ltd a wholly owned subsidiary of the Company, has been filed with the Hon´ble High Court of Bombay effective April 01, 2009.

7. The previous period figures have been regrouped wherever required.

Ashwin Choksi
Chairman