Kansai Nerolac Paints Limited has announced the appointment of D. C. Dave & Co., Cost Accountants, as the Cost Auditor of the company for the financial year 2026-27. The Board of Directors approved this appointment at its meeting held on Wednesday, 6th May 2026, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The board meeting commenced at 1.45 p.m. and concluded at 4.15 p.m. on the same day.

Appointment Details

The appointment was formally disclosed to BSE Limited and the National Stock Exchange of India Ltd. as required under the applicable listing regulations. The key details of the appointment are summarised below:

Profile of D. C. Dave & Co.

D. C. Dave & Co. is a well-established firm of Cost Accountants with over three decades of professional experience. The firm specialises in statutory cost audits and cost certifications, along with management accounting and the audit of management functions. Led by experienced partners and supported by a skilled professional team, the firm adopts a structured, sector-agnostic approach to serve a diverse portfolio of leading listed and private companies.

The firm's areas of expertise and industry coverage include:

• Cement, chemicals, and automotive sectors
• Textiles, pharmaceuticals, and paints & dyes
• Real estate and other industries
• Cost optimisation and supply chain improvement initiatives

With a presence in Mumbai and across India, supported by robust infrastructure, D. C. Dave & Co. has built a strong reputation for professionalism, technical expertise, and long-standing relationships with reputed corporate clients.

Regulatory Compliance

The intimation was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. The disclosure was signed by G. T. Govindarajan, Company Secretary of Kansai Nerolac Paints Limited. The company's registered office is located at the 28th Floor, A-wing, Marathon Futurex, N. M. Joshi Marg, Lower Parel, Mumbai – 400 013.

Kansai Nerolac Paints reported a revival in demand during the third quarter, with its decorative segment continuing to record growth. However, the company flagged a sharp increase in raw material costs in Q4, citing the West Asia crisis as a key contributing factor to the emerging cost pressures.

Demand Recovery and Decorative Segment Performance

The company observed a notable recovery in demand during Q3, reflecting an improvement in market conditions. The decorative segment, a key business vertical for Kansai Nerolac Paints, maintained its growth trajectory during the period, underscoring resilience in consumer-facing paint demand.

Raw Material Cost Pressures in Q4

Despite the positive demand signals, Kansai Nerolac Paints highlighted a sharp rise in raw material costs in Q4. The West Asia crisis has been identified as a primary driver behind this cost escalation, potentially impacting the company's input cost structure in the near term.

Outlook

The combination of recovering demand in Q3 and rising input costs in Q4 presents a mixed operating environment for Kansai Nerolac Paints. The company's ability to manage the impact of elevated raw material costs while sustaining momentum in the decorative segment will be a key factor to watch in the coming quarter.