The equity shares of Kamdhenu Ventures (Kamdhenu Paints) were listed on both the National Stock Exchange (NSE) and the Bombay Stock Exchange on Tuesday (BSE).
Kamdhenu Ventures is Kamdhenu Limited’s demerged paints company. The parent business, Kamdhenu, issued one equity share of Kamdhenu Ventures for every existing share of Kamdhenu under the demerger programme.
The new business structure confirms the Group’s laser-like concentration on the paints industry. The demerger will provide operational freedom and allow firms to pursue organic and inorganic development strategies separately.
Kamdhenu Paints will continue to focus on the decorative paint business while extending its presence in India’s rising cities. By producing revolutionary paint products, the firm hopes to expand into smaller towns by discovering underserved niches.
Exterior and interior emulsions, acrylic distempers, water based & solvent primers, synthetic & GP enamel, wood finishes, aluminium paints, textured to designer finishes, strainers, P.U. Wood Finishes, and Metallic Finishes are all available from Kamdhenu Paints.
Commenting on the occasion, Mr. Satish Kumar Agarwal, Chairman, Kamdhenu Group, said: “The listing of Kamdhenu Ventures Limited (Kamdhenu Paints) marks the beginning of a new chapter in the company’s history. The demerger activity will help streamline business initiatives of the group and create shareholder value.”
The Company intends to increase its position in the paint sector by expanding its presence and network across India. Paints revenue was Rs. 241 crore in FY22 and is likely to reach Rs. 1,000 crore in the next five years because to rising discretionary spending, urbanisation, and good macro tailwinds, he added.
To enhance Pan India foothold, the company will be aggressively spending on advertising and promotions, focus on urban markets through institutional sales and enhanced sales penetration in the Southern market, he stated.
“Also, I would like to thank all our stakeholders including employees and customers for their continued trust and support,” he added.