Kansai Nerolac Paints Ltd has declared a dividend of Rs 2.50 per equity share for the financial year ended March 31, 2026. The decision was taken during the company's 106th Annual General Meeting held on July 9, 2026, which commenced at 11 a.m. and concluded at 1.40 p.m. with the requisite quorum present.

Shareholders approved four resolutions through remote e-voting and e-voting at the AGM. The adoption of the audited financial statements, including consolidated financial statements for FY26, along with the reports of the Board of Directors and Auditors, was passed. The meeting also sanctioned the re-appointment of Mr. Takashi Tomioka, Non-Executive Director, who retires by rotation and is eligible for re-appointment.

The Board's recommendation to ratify the remuneration of the Cost Auditor, D. C. Dave & Co., Cost Accountants, for the financial year ending March 31, 2027, received shareholder approval. The firm holds registration number 000611. The Annual Report for FY26 and the AGM notice were submitted to the stock exchanges on June 11, 2026, in compliance with Regulation 34 of the SEBI Listing Regulations.

The voting results indicated strong participation, with a total of 699,979,342 votes polled across all resolutions. Promoters and the Promoter Group cast 606,203,847 votes in favour of the dividend declaration. Public Institutions and Public Non-Institutions also participated, with 93,136,023 and 639,572 votes polled respectively for the dividend resolution.

Voting Summary

Kansai Nerolac Paints Ltd has scheduled a hearing before the National Company Law Tribunal (NCLT), Mumbai Bench, on July 29, 2026, to consider the Scheme of Amalgamation of Nerofix Private Limited with the company. The notice regarding this hearing was published in the Free Press Journal (English) and Navshakti (Marathi) on June 24, 2026. This development is part of the regulatory process required to finalize the merger, which will impact the company's corporate structure and operations.

The intimation was submitted to the stock exchanges in accordance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that the newspaper cuttings and the intimation regarding the notice will be available on its official website for shareholder reference. The scrip codes for the company are BSE - 500165 and NSE - KANSAINER.

Key Details of the Hearing

The filing was signed by G. T. Govindarajan, Company Secretary of Kansai Nerolac Paints Limited. The amalgamation scheme, once approved by the NCLT, will result in the merger of Nerofix Private Limited into Kansai Nerolac Paints Ltd. Shareholders and stakeholders are advised to refer to the official website for further updates and access to the published notices.