Continuing its efforts to support the painter community, Kansai Nerolac Paints Ltd. (KNPL) has announced the establishment of a crowd funded endowment fund for its community of painters in association with India’s largest and most trusted donation platform ‘Give India’. The amount collected through this platform will be used to provide financial aid of upto Rs 7000 each to those painters suffering from Coronavirus. Nerolac will also make a contribution of INR 500,000/- to set up the fund.
Speaking on the occasion, Mr. Anuj Jain, Executive Director, Kansai Nerolac Paints Ltd said, “The support and commitment of our painter community has helped us attain success through the years. The COVID-19 pandemic has impacted the lives of millions of daily-wage earners including painters, bringing many under severe financial stress. Through our association with a renowned platform such as Give India, we would like to urge citizens to contribute as much as they can for the safeguard of painter community. The amount collected will be used for the care of painters affected by this virus.”
Contributions can be made on the Give India website through the following link www.painttheirfuture.giveindia.org
Last month, Kansai Nerolac Paints Ltd. also announced an early disbursement of funds to its painter community falling under the Nerolac Premium Painter Pragati (NPP Pragati) Programme wherein over 30,000 painters benefited from the initiative.
Shares of KANSAI NEROLAC PAINTS LTD. was last trading in BSE at Rs.390.1 as compared to the previous close of Rs. 399.2. The total number of shares traded during the day was 2833 in over 385 trades.
The stock hit an intraday high of Rs. 401.35 and intraday low of 388.05. The net turnover during the day was Rs. 1116767.