Indigo Paints Limited shareholders approved a ₹5 per equity share final dividend at the company’s 26th Annual General Meeting held on September 12, 2026.

The meeting also saw the reappointment of Mr. Narayanankutty Kottiedath Venugopal as an Executive Director, who retires by rotation. All ordinary and special business resolutions were passed by members present via video conference.

Meeting Proceedings

Hemant Kamala Jalan, Managing Director and Chairperson, chaired the proceedings. The quorum was established with 59 members present in total, comprising 3 promoter representatives and 56 public shareholders.

Key attendees included Chetan Humane, Chief Financial Officer; Sayalee Yengul, Company Secretary; and Dharmesh Milani of Price Waterhouse Chartered Accountants LLP, the statutory auditors.

Resolutions Passed

Shareholders voted on the following items of business:

Ms. Ashwini Inamdar of Mehta & Mehta was appointed as the scrutinizer for the e-voting process. The remote e-voting period concluded on September 11, 2026, while voting during the meeting remained open for 15 minutes after its conclusion at 12:10 pm.

Governance and Audit

The Chairperson noted that the Secretarial Audit Report from ARKS and Co. LLP contained no adverse remarks. Financial statements and reports for the fiscal year ended March 31, 2026, were taken as read following their prior distribution to members.

Indigo Paints has submitted its annual report for the financial year ended March 31, 2026 (FY26), including the Business Responsibility and Sustainability Report (BRSR), to the Bombay Stock Exchange and the National Stock Exchange. The filing confirms the schedule for its 26th Annual General Meeting (AGM).

Annual Report Filing

Pursuant to Regulation 30 read with Part A of Schedule III and Regulation 34(1)(a) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company disclosed the complete annual report on August 21, 2026. The document is available on the company’s website for investor access. Shareholders without registered email addresses are receiving letters with web-links to view the documents electronically.

Dividend Proposal

The Board has recommended a final dividend of ₹5.00 per equity share, representing a 50% payout on the face value of ₹10 per share for FY26. The record date for determining dividend eligibility is September 4, 2026. The register of members will remain closed from September 5 to September 12, 2026.

If approved by shareholders during the AGM, the dividend will be paid electronically on or before October 12, 2026. Shareholders who have not updated their bank details will receive dividend warrants or cheques via post. The company advises members to utilize the Electronic Clearing System (ECS) and ensure their KYC is up to date with their depository participants or the Registrar and Transfer Agent (RTA) to avoid delays.

Director Reappointment

Shareholders will vote on the reappointment of Mr. Narayanankutty Kottiedath Venugopal as Executive Director. He retires by rotation but is eligible for reappointment. Mr. Venugopal has been associated with Indigo Paints since 2003 and was appointed as Executive Director for a five-year term effective June 1, 2025, through May 31, 2030.

With over 43 years of experience in the paint industry, including prior roles at Asian Paints Limited and Hi-Build Coatings Private Limited, Mr. Venugopal attended all five board meetings during FY26. His last drawn remuneration was ₹180 lakh plus employee stock options. He currently chairs the Risk Management Committee and serves on the Stakeholder’s Relationship Committee.

Cost Auditor Ratification

The AGM agenda includes the ratification of remuneration for M/s. Harshad S Deshpande & Associates, who were appointed as Cost Auditors for FY27. The approved remuneration is ₹80,000 plus applicable taxes and reimbursement of out-of-pocket expenses at actuals. This appointment was made based on the recommendation of the Audit Committee.

Meeting Logistics

The 26th AGM is scheduled for Saturday, September 12, 2026, at 11:00 am through video conference or other audio-visual means. The deemed venue is the company’s registered office in Pune. Remote e-voting will be open from September 9 to September 11, 2026, facilitated by Central Depository Services Limited (CDSL).