JSW Dulux Limited announced that Hemant Sahai ceased to be an Independent Director on August 2, 2026, marking the end of his consecutive second term on the Board. The departure is a routine succession event following the completion of the maximum permissible tenure for independent directors under corporate governance norms.

The intimation was filed with the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on August 3, 2026, pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing references SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, as updated by SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

Sahai’s cessation from the Board also resulted in his exit from all associated Board committees effective end of day on August 2, 2026. His previous committee positions included:

The updated composition of the Board and its committees remains unchanged for other directors. Parth Jindal continues as Chairman, while Rajiv Rajgopal serves as Joint Managing Director and CEO. Krishna Rallapalli continues as Wholetime Director and CFO, and Rohit G Totla serves as Wholetime Director.

The remaining Independent Directors are Anil Chaudhry, Namrata Kaul, Shantanu M Khosla, and Sutapa Banerjee. Kaustubh S Kulkarni continues as a Non-Executive Director. The Board structure maintains compliance with regulatory requirements for independent representation across key oversight functions.

Updated Committee Composition

Following Sahai’s exit, the committee structures have been adjusted to reflect the current membership. The Audit Committee is chaired by Namrata Kaul, with Anil Chaudhry, Shantanu M Khosla, and Sutapa Banerjee serving as members.

The Nomination and Remuneration Committee is chaired by Anil Chaudhry, with Namrata Kaul, Shantanu M Khosla, and Sutapa Banerjee as members. The Corporate Social Responsibility Committee, chaired by Namrata Kaul, includes members from both executive and non-executive ranks, including Rajiv Rajgopal, Krishna Rallapalli, and Rohit G Totla.

The Risk Management Committee now consists of nine members: Namrata Kaul, Anil Chaudhry, Sutapa Banerjee, Rajiv Rajgopal, Krishna Rallapalli, Rohit G Totla, Shantanu M Khosla, Sumit Khatuja, and Dr. Kumar Iyer. The Stakeholders Relationship Committee comprises Rajiv Rajgopal and Krishna Rallapalli.

JSW Dulux Ltd received an appeal order dated July 13, 2026, annulling a GST demand of INR 1.58 Cr for the period 2020-21. The Joint Commissioner of Commercial Taxes (Appeals)-5 Bangalore, Karnataka GST Department, revised the demand amount to zero, providing relief to the company. The original demand, issued on March 3, 2025, had disallowed input tax credit under Section 74 of the CGST Act, 2017.

The Karnataka GST Department had initially demanded a total payment of INR 1,57,91,107, comprising tax of INR 82,95,827, interest of INR 58,36,114, and a penalty of INR 16,59,166. In response, the company filed an appeal along with supporting documents within the specified timeframe. The appellate authority reviewed the submission and ruled in favor of the company.

The appeal order confirms that the revised demand amount is zero, effectively nullifying the original Demand Notice. This resolution concludes the litigation related to the GST demand for the financial year 2020-21. The company had earlier disclosed the pending litigation on March 3, 2025, in compliance with SEBI regulations.

The following table details the components of the original demand and the outcome of the appeal:

The update was submitted to the stock exchanges pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that there is no material impact on its financial position following the settlement of the proceedings.