Berger Paints opens e-voting for Sobti, Jain director appointments

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Reviewed by
Anirudha BScanX News Team
Key Highlights
  • Berger Paints issues postal ballot for Sobti and Jain appointments
  • E-voting opens on September 7, 2026, and closes on October 6, 2026
  • Sobti appointed as independent director for five-year term
  • Jain appointed as whole-time director with ₹210 lakh annual pay cap
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Berger Paints has issued a postal ballot notice to seek shareholder approval for the appointment of Navjeet Singh Sobti as an independent director and Amardeep Jain as a whole-time director. The remote e-voting period begins on September 7, 2026, and ends on October 6, 2026.

The Board of Directors approved the appointments during its meeting on August 31, 2026. The Compensation and Nomination and Remuneration Committee recommended both roles. Shareholders holding shares as of the August 28, 2026 cut-off date are eligible to vote via electronic means through National Securities Depository Limited (NSDL).

Voting Timeline and Process

The e-voting window commences at 9:00 am on Monday, September 7, 2026, and concludes at 5:00 pm on Tuesday, October 6, 2026. Mr A.K. Labh, Practising Company Secretary of M/s A.K. Labh & Co., has been appointed as the Scrutinizer to ensure a fair and transparent process. The results will be announced within two working days of the voting conclusion, expected by October 8, 2026.

Milestone Date/Time
Cut-off date for eligibility Friday, August 28, 2026
E-voting start Monday, September 7, 2026 at 9:00 am
E-voting end Tuesday, October 6, 2026 at 5:00 pm
Results announcement On or before October 8, 2026

Shareholders can access the voting facility via the NSDL website or through their depository participant accounts. Physical shareholders without registered email IDs are instructed to update their details with the Registrar and Transfer Agent, MUFG Intime India Private Limited.

Director Appointments

Navjeet Singh Sobti will serve as an independent director for five consecutive years. His term runs from September 1, 2026, to August 31, 2031. He is not liable to retire by rotation. Sobti is entitled to receive commission on net profits not exceeding 1% in aggregate along with other non-executive directors.

Amardeep Jain will serve as a whole-time director for five consecutive years, also from September 1, 2026, to August 31, 2031. He is liable to retire by rotation. His remuneration is capped at ₹210 lakh per annum, excluding specific perquisites such as communication facilities, medical insurance, and equity-linked instruments.

Director Profiles

Name Role Term Start Term End Retirement Liability
Navjeet Singh Sobti Independent Director September 1, 2026 August 31, 2031 Not liable
Amardeep Jain Whole-Time Director September 1, 2026 August 31, 2031 Liable

Sobti is a Fellow Member of the Institute of Chartered Accountants of India with extensive experience in business development, mergers and acquisitions, and corporate restructuring. He currently serves as Chairman of the CSR Committee at Premiere Green Innovations Private Ltd.

Jain is a chemical engineer from IIT Delhi with 20 years of experience in the paint and process industry. He previously served as Associate General Manager – Manufacturing at a leading paint manufacturing company in India, specializing in large-scale manufacturing process optimization and strategic project execution.

Historical Stock Returns for Berger Paints

1 Day5 Days1 Month6 Months1 Year5 Years
-0.67%-1.60%-8.49%+10.34%-12.19%-32.89%

How might Amardeep Jain's background in manufacturing process optimization influence Berger Paints' operational efficiency and cost structures over his five-year term?

What strategic impact is expected from Navjeet Singh Sobti's expertise in mergers and acquisitions on Berger Paints' future consolidation or expansion plans in the paint sector?

How does the remuneration structure for Amardeep Jain compare to industry benchmarks for whole-time directors in the chemical and paint manufacturing space?

Berger Paints announces upcoming price hike of 7-8%

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Reviewed by
Riya DScanX News Team
Key Highlights

Berger Paints has announced an upcoming price hike of 7-8% to be implemented soon. The announcement points to a significant upward revision in product pricing. No specific timeline or product category details were disclosed alongside the announcement.

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Berger Paints has announced an upcoming price hike of 7-8%, signalling a notable upward revision in product pricing across its portfolio.

Price hike announcement

The company has indicated that the price increase of 7-8% will be implemented soon. No further details regarding the specific product categories, geographies, or the exact timeline for the revision were provided in the announcement.

Parameter: Details
Announced price hike: 7-8%
Implementation: Soon

Historical Stock Returns for Berger Paints

1 Day5 Days1 Month6 Months1 Year5 Years
-0.67%-1.60%-8.49%+10.34%-12.19%-32.89%
Disclaimer: This article is AI-generated using data from LiveSquawk. ScanX is not liable for any inaccuracies.

How will competitors like Asian Paints and Nerolac respond to Berger's 7-8% price hike in terms of their own pricing strategies?

To what extent will this price increase impact Berger Paints' volume growth and market share in the near term?

Will the company be able to fully pass on rising raw material costs to consumers, or will it absorb some margin pressure?

More News on Berger Paints

1 Year Returns:-12.19%