Asian Paints has appointed Mr. Sudhir Sitapati as an Additional and Independent Director for a term of five years, effective from 29 May 2026 to 28 May 2031. The appointment is subject to the approval of shareholders at the company's ensuing 80th Annual General Meeting. This strategic board expansion aims to strengthen governance with the inclusion of an experienced industry leader.

The Board of Directors unanimously approved the appointment during its meeting held on 29 May 2026, based on the recommendations of the Nomination and Remuneration Committee. The company confirmed that Mr. Sitapati is not related to any Directors, Key Managerial Personnel, or members of the Promoter group. He meets the criteria of independence prescribed under the Companies Act, 2013 and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Profile of Mr. Sudhir Sitapati

Mr. Sudhir Sitapati, aged 49 years, brings extensive experience in the fast-moving consumer goods (FMCG) sector. He currently serves as the Managing Director & CEO of Godrej Consumer Products, a position he has held since 2021. He leads the company's strategic direction across emerging markets.

Prior to his current role, Mr. Sitapati spent over two decades at Unilever, leading teams in India, Europe, South East Asia, and Africa. His last role there was as Executive Director – Foods and Refreshments at Hindustan Unilever. He holds an MBA from the Indian Institute of Management, Ahmedabad, and a BSc in Mathematics with Economics Honours from St. Xavier’s College, Mumbai.

Key Details of Appointment

Mr. Sitapati also chairs the CII FMCG Committee and is the author of the book The CEO Factory. The company affirmed that he has not been debarred from holding the office of Director by SEBI or any other authority.

Asian Paints Limited has approved the re-appointment of Mr. Milind Sarwate as an Independent Director for a second term of five years, effective from October 21, 2026, to October 20, 2031. The decision was taken by the Board of Directors at its meeting held on May 29, 2026, based on the recommendation of the Nomination and Remuneration Committee. This re-appointment is subject to the approval of the shareholders at the ensuing 80th Annual General Meeting.

Mr. Milind Sarwate (DIN: 00109854) is not related to any of the Directors, Key Managerial Personnel, or members of the Promoter and Promoter Group of the company. The company confirmed that he meets the criteria of independence as prescribed under the Companies Act, 2013 and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Additionally, he has not been debarred from holding the office of Director by the Securities and Exchange Board of India or any other authority.

Profile of Mr. Milind Sarwate

Mr. Sarwate, aged 66, is a Chartered Accountant, Cost Accountant, and Company Secretary with over four decades of experience across finance, governance, audit, risk management, and strategy. He holds a Bachelor's degree in Commerce (Honours) from the University of Bombay and participated in the Fulbright-CII Fellowship for Leadership in Management at Carnegie Mellon University, USA.

Current Board Positions

Mr. Sarwate serves as an Independent Director on the boards of several companies, including:

He is the Founder and Designated Partner of Increate Value Advisors LLP and Increate Social Value Advisors & Resourcers LLP. He also serves as the Promoter Director of Increate Foundation, a Section 8 company. His previous leadership roles include positions at Godrej Soaps Limited and Marico Limited. Mr. Sarwate has received several awards, including the ICAI Award 2011 in the CFO - FMCG sector and the Best Performing CFO Award in the FMCG & Retail sector by CNBC-TV18 in 2012.