JSW Dulux Limited announced that Rajiv Lochan Jha has resigned from his position as General Counsel, Company Secretary, and Compliance Officer. He cited professional opportunities outside the company as the reason for his departure.

The resignation letter was dated October 1, 2026. Jha’s last working day with the company will be on or before December 3, 2026. The company confirmed that there are no material reasons for the resignation other than those stated in the letter.

Regulatory Compliance and Disclosure

The intimation was filed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure adheres to Schedule III Para A (7C) of Part A of the Listing Regulations. It also complies with the SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/II/3762/2026 dated January 30, 2026.

Key details of the cessation are outlined below:

Governance Transition

Jha served as a Key Managerial Personnel (KMP) of the company. His resignation triggers the requirement for the company to appoint a successor in compliance with corporate governance norms. The company’s Joint Managing Director and CEO, Rajiv Rajgopal, signed the intimation submitted to the stock exchanges.

The company noted that a copy of the intimation is available on its official website. The filing ensures transparency regarding changes in key managerial personnel as mandated by regulatory bodies.

JSW Dulux Limited received a show cause notice from the West Bengal GST Department on September 24, 2026, demanding ₹56.72 lakh for the disallowance of Input Tax Credit (ITC) for the period April 2022 to March 2023.

The notice, issued by the Assistant Commissioner of the Large Taxpayers Unit under Section 73 of the CGST Act, 2017, cites discrepancies identified during GST scrutiny. The total liability comprises tax, interest, and penalty components.

Breakdown of financial implications

The company disclosed the expected financial impact and quantum of claims in its regulatory filing. The total amount demanded is ₹56,72,479.04.

Management response

JSW Dulux stated that the matter is currently open for further submissions before the relevant authorities. The company is in the process of responding to the notice within the stipulated time frame mentioned therein. As this is a show cause notice, the final outcome remains subject to the adjudication process by the tax authorities.