JSW Dulux Limited has announced an investor presentation scheduled for March 16, 2026, in compliance with Regulation 30 of SEBI's Listing Obligations and Disclosure Requirements Regulations, 2015. The presentation has been made available on the company's website and will provide insights into the company's strategic direction and market positioning.

Market Position and Operations

JSW Dulux Limited , formerly Akzo Nobel India Limited, has established itself as a significant player in India's paints industry. The company's current market positioning demonstrates strong presence across multiple segments.

The company operates with approximately 1,300 full-time employees across a comprehensive infrastructure network. Its operational footprint includes 5 factories, 1 R&D lab, 1 technical development centre, and 4 office locations, providing a total capacity of 285 million litres per annum for FY2025.

Geographic Footprint and Distribution

JSW Dulux maintains a pan-India presence with manufacturing facilities strategically located across key regions. The company's distribution network covers more than 5,000 towns across India, serving approximately 22,000 decorative paints retailers.

Strategic Vision and Ambitions

The company has outlined its ambition to become the preferred brand choice for consumers, customers, and employees. This goal will be driven through innovation, superior quality, and customer service while focusing on market share gains and EBITDA growth.

Key strategic initiatives include:

• Geographic Expansion: Targeting 6,000 towns by next year
• Product Range Expansion: Developing innovative offerings fit-for-market
• Royalty Savings Reinvestment: Increased painter engagement and brand initiatives
• Operational Synergies: Unlocking scale of operations and value engineering

Business Segment Strategies

Decorative Paints Division

The decorative paints segment operates under the vision of becoming a leading performer preferred by consumers and customers, known for best-in-class quality and continuous innovation. The division focuses on five key areas:

• Strengthening Dulux brand equity and premium positioning
• Driving innovation in premium and adjacent segments
• Executing meaningful distribution expansion
• Strengthening capabilities in large-format projects and institutional sales
• Building organizational capability and performance culture

Industrial Paints Division

The industrial paints division aims to be the preferred brand with best-in-class quality, focusing on three main segments: Automotive Service Coatings (ASC), Marine and Protective Coatings (MPC), and Industrial Coil and Others (ICO). Each segment has specific growth strategies targeting market leadership and business expansion.

Corporate Developments

Significant corporate changes have been implemented following the acquisition completion. JSW Paints currently holds 61.2% of the paid-up equity share capital. Key leadership changes include the appointment of Mr. Parth Sajjan Jindal as Non-Executive Director and Chairman, Mr. Shantanu Maharaj Khosla as Independent Director, and the re-designation of Mr. Rajiv Rajgopal as Joint Managing Director and Chief Executive Officer.

The company has successfully transitioned from Akzo Nobel India Limited to JSW Dulux Limited, with approvals received from the Board, shareholders, and the Ministry of Corporate Affairs. Despite the new identity and aggressive growth focus, the company emphasizes continuity in maintaining best-in-class brands including Dulux, International, and Sikkens, along with its commitment to innovation, product quality, shareholder value creation, and governance standards.

JSW Dulux Limited has received a revised demand order from the Telangana GST Department regarding input tax credit disallowances, with the company disclosing the development to stock exchanges on March 13, 2026.

GST Demand Details

The Additional Commissioner (Appeals-II) Hyderabad, Telangana GST Department issued an appeal order dated February 26, 2026, which was received by the company on March 13, 2026. The revised demand pertains to the periods 2020-21 and 2021-22 under Section 73 of the CGST/SGST Act, 2017.

Timeline of Events

The company initially received an order from the Telangana GST Department on September 2, 2024, mentioning disallowance of input tax credit with an aggregate demand of ₹1,50,72,533. In response, JSW Dulux Limited filed an appeal along with supporting documents within the specified timeframe.

Following the company's appeal submission, the tax authorities reviewed the response and issued the current appeal order, resulting in a marginally reduced total demand amount.

Current Status and Next Steps

The appeal order remains open for further submissions to the relevant authorities. The company has indicated it is currently preparing to respond within the indicated timeframe provided by the tax department.

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as this represents an update on pending litigation previously disclosed on September 3, 2024. The company's General Counsel, Company Secretary & Compliance Officer Rajiv L. Jha signed the regulatory filing.