Berger Paints India Ltd has informed BSE that the members of the Company by way of Postal Ballot, have passed the following resolutions, with requisite majority.

1. To create, issue, offer and allot on preferential basis, to select members of the promoters (as defined under the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 1997), any member of the promoter group and / or their nominees (”the Allottees”) up to 20,000,000 (twenty million) warrants (”Equity Warrants”) from time to time, in one or more tranches, with a right exercisable by the warrant holder(s) to subscribe to the equity shares of the Company, and for allotment of equity shares on exercise of such Equity Warrants, each such Equity Warrant being exercisable at the option of the holder, and pursuant thereto being allotted, one fully paid up equity share of Rs 2 each, at an exercise price (”the Exercise Price”) (including premium, if any) not lower than the minimum price specified as per SEBI Guidelines fur Preferential Issue (Chapter XIII of the Securities and Exchange Board of India Disclosure and Investor Protection) Guidelines 2000, as amended), subject to the necessary terms and conditions.

2. To increase the Authorized Capital of the Company from Rs 650,000,000 divided into 325,000,000 Ordinary (Equity) Shares of Rs 2/- (Rupees Two) each to Rs 750,000,000 divided into 375,000,000 Ordinary (Equity) Shares of Rs 2/ (Rupees Two) each., and consequential amendments in the Memorandum & Articles of Association of the Company.