Asian Paints shareholders have approved the appointment of Ms. Shubhlakshmi Dani as a Non-Executive Director, liable to retire by rotation. The ordinary resolution was deemed passed on September 9, 2026, following the conclusion of the postal ballot process.

The Board of Directors had initially approved her appointment as an Additional and Non-Executive Director with immediate effect on July 29, 2026, subject to shareholder approval. This decision was based on the recommendation of the Nomination and Remuneration Committee. Ms. Dani’s Director Identification Number (DIN) is 02942138.

Ms. Dani is a member of the Promoter Group. She is the spouse of Mr. Hasit Dani, a former Non-Executive Director, and the sister-in-law of Mr. Malav Dani, a current Non-Executive Director. She has confirmed she is not disqualified under Section 164 of the Companies Act, 2013, nor debarred by SEBI or any other authority.

Voting Breakdown

The company conducted voting exclusively through remote e-voting, mandated by the Companies Act, 2013 and SEBI Listing Regulations. Makarand M. Joshi & Co., Practicing Company Secretaries, served as the scrutinizer. The voting window ran from August 11, 2026, to September 9, 2026.

A total of 78,80,63,977 votes were polled out of 95,91,97,790 shares held by shareholders as on the record date of July 31, 2026. This represents a participation rate of 82.15%.

The resolution received 75,24,87,634 votes in favor and 3,55,76,343 votes against. The approval rate stood at 95.48% of the votes polled.

What the Numbers Show

The promoter group demonstrated unanimous support for the appointment, casting 100% of their polled votes in favor. However, public institutional investors accounted for nearly all dissent, with 11.98% of their votes cast against the resolution. Public non-institutional investors showed stronger support, approving the move at a rate of 93.95%.

Voting rights on shares held by the Asian Paints Employees Stock Ownership Trust and those transferred to the Investor Education and Protection Fund were frozen. Additionally, voting rights for Foreign Portfolio Investors who failed to submit required disclosures under SEBI Master Circular No. SEBI/HO/AFD/AFD-PoD-2/P/CIR/2024/70 were restricted.

Asian Paints Limited approved a trading plan for its General Manager, Subrahmanya Shreepathi, to sell 192 shares of the company. The transaction is scheduled to occur between January 11, 2027, and January 15, 2027.

The approval was granted on September 9, 2026, in accordance with Regulation 5(5) of the SEBI (Prohibition of Insider Trading) Regulations, 2015. The trading plan was originally submitted by Shreepathi on September 7, 2026.

Trading Plan Details

Subrahmanya Shreepathi, who serves as General Manager – Technology, Research & Technology at Asian Paints, is a Designated Person under the company’s Code of Conduct. The approved plan outlines the specific parameters for the proposed sale.

Shreepathi has undertaken not to trade in the company’s securities until any unpublished price-sensitive information in his possession becomes generally available. He acknowledged compliance with the SEBI PIT Regulations and the company’s Code of Conduct.

R J Jeyamurugan, CFO, Company Secretary & Compliance Officer of Asian Paints Limited, signed the intimation letter sent to the BSE and NSE on September 9, 2026.