Kansai Nerolac Paints Limited has executed a Share Sale and Purchase Agreement for the divestment of its entire 60% equity stake in its Sri Lankan subsidiary, Kansai Paints Lanka (Private) Limited, to Atire (Private) Limited. The transaction, which was completed on December 16, 2025, signifies the cessation of Kansai Paints Lanka (Private) Limited as a subsidiary of Kansai Nerolac. The Sri Lankan subsidiary contributed LKR 2.03 Crores (approximately ₹0.58 Crores) to the consolidated turnover of Kansai Nerolac in the last financial year ended March 31, 2025, representing 0.008% of the total turnover. Its net worth as of the same date was negative LKR 6.44 Crores (approximately -₹1.93 Crores). The total consideration received by Kansai Nerolac for this stake sale is LKR 18,00,000 (approximately ₹5,25,000). The buyer, Atire (Private) Limited, is a group company of Anunine Holdings (Private) Limited, a prominent Sri Lankan conglomerate with diverse business interests. This transaction does not fall under related party transactions and is not considered a slump sale outside of a Scheme of Arrangement.