Promoter Sunaina Kohli acquired 14,840 equity shares of Berger Paints India Limited through an open market trade on September 7, 2026. The purchase increased her total holding to 734,840 shares, representing a 0.063% stake in the company.

The acquisition was disclosed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The transaction involved only voting rights attached to equity shares, with no encumbrances or convertible securities reported.

Shareholding Details

Kohli held 720,000 shares, or 0.06% of the total paid-up equity capital, prior to this transaction. The open market purchase added 0.0012% to her stake. No warrants, liens, or other instruments affecting voting rights were part of the deal.

Regulatory Context

The disclosure lists several entities and individuals as Persons Acting in Concert (PAC) with Kohli. These include the KSD Family Trust, GBS Dhingra Family Trust, Citland Commercial Credits Ltd, and Wang Investment And Finance Pvt Ltd, among others. All listed PAC members belong to the Promoter Group.

The company’s total paid-up equity share capital stood at 1,166,002,812 shares before and after the transaction. There was no change in the diluted share capital structure.

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.

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

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.