Asian Paints Limited has appointed S R B C & Co. LLP as its statutory auditors for a term of five years effective from the conclusion of the 80th Annual General Meeting (AGM) held on July 9, 2026. The appointment was approved by shareholders with the requisite majority, replacing Deloitte Haskins & Sells LLP, which ceased to hold office following the completion of its two consecutive five-year terms.

The Board of Directors had initially approved the appointment of S R B C & Co. LLP on March 26, 2026, based on the recommendation of the Audit Committee, subject to shareholder approval. The company has received the necessary consent, certificate of eligibility, and confirmation of non-disqualification from the new auditor in accordance with Sections 139 and 141 of the Companies Act, 2013.

S R B C & Co. LLP is a limited liability partnership firm registered with the Institute of Chartered Accountants of India (ICAI) under Firm Registration No. 324982E/E300003. The firm is part of S. R. Batliboi & Affiliates, a network of firms registered with the ICAI, and holds a valid peer review certificate.

Established in 2002, the firm operates from its registered office in Kolkata and maintains offices across key cities in India. Its network firms primarily provide audit and assurance services, tax consultancy, and financial accounting advisory services to listed and private companies across diverse market segments.

The disclosure was made to the exchanges in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Asian Paints Limited shareholders approved the appointment of Mr. Sudhir Sitapati and the re-appointment of Mr. Milind Sarwate as Independent Directors during its 80th Annual General Meeting held on 9 July 2026. The meeting, conducted via video conference, sanctioned the appointments with the requisite majority, reinforcing the company's governance framework. Mr. Sitapati has been appointed for a term of five consecutive years from 29 May 2026 to 28 May 2031, while Mr. Sarwate was re-appointed for a second term of five consecutive years from 21 October 2026 to 20 October 2031.

The Board of Directors had previously approved these appointments based on the recommendations of the Nomination and Remuneration Committee. Both directors meet the criteria of independence prescribed under the Companies Act, 2013 and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. They are not related to any Directors, Key Managerial Personnel, or members of the Promoter group of the company.

Director Profiles

Mr. Sudhir Sitapati, aged 49 years, holds a Master of Business Administration from IIM Ahmedabad and a Bachelor of Science degree from St. Xaviers College, Mumbai. He serves as the Managing Director and CEO of Godrej Consumer Products, and prior to joining Godrej Consumer Products, he spent over two decades at Unilever. Mr. Milind Sarwate, aged 66 years, is a Chartered Accountant, Cost Accountant, and Company Secretary with over four decades of experience in finance, governance, and risk management.

Additional Resolutions

In addition to the director appointments, the shareholders approved the audited standalone and consolidated financial statements for the year ended 31 March 2026 and the declaration of a final dividend. The meeting also ratified the remuneration payable to Cost Auditors for the financial year ending 31 March 2027.