Berger Paints India announced that Gopal Krishna Pillai (DIN : 02340756) has ceased as a non-executive, Independent Director of the Board with effect from 12 September, 2019 on completion of five consecutive years of appointment within the meaning of Section 149(10) of the Companies Act, 2013.

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Net profit of Berger Paints India rose 31.77% to Rs 176.41 crore in the quarter ended June 2019 as against Rs 133.88 crore during the previous quarter ended June 2018. Sales rose 15.75% to Rs 1716.53 crore in the quarter ended June 2019 as against Rs 1483.01 crore during the previous quarter ended June 2018.

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The result was announced after market hours yesterday, 5 August 2019.

Meanwhile, the S&P BSE Sensex was up by 197.56 points or 0.54% at 36,897.57.

On the BSE, 1.36 lakh shares were traded in the counter so far compared with average daily volumes of 88000 shares in the past two weeks. The stock had hit an intraday high of Rs 351.55 which also a 52-week high for the counter. The stock hit an intraday low of Rs 336.25 so far during the day. The stock hit a 52-week low of Rs 260.55 on 23 October 2018.

Berger Paints is engaged in retail, decorative and industrial painting solutions.

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Berger Paints India will hold a meeting of the Board of Directors of the Company on 5 August 2019.

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