Kansai Nerolac Paints Limited has issued a mandatory notice to shareholders regarding the transfer of unclaimed dividend shares to the Investor Education and Protection Fund (IEPF) Authority, in compliance with regulatory requirements under the Companies Act, 2013.

Regulatory Compliance and Publication

The company published the notice on April 17, 2026, in Business Standard (English) and Sakal (Marathi) newspapers, fulfilling the requirements under Regulation 47 read with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notice was signed by G. T. Govindarajan, Company Secretary, and submitted to both BSE Limited and National Stock Exchange of India Ltd.

Share Transfer Requirements

Under Section 124(6) of the Companies Act, 2013, and the IEPF Authority Rules, 2016, the company must transfer shares where dividends have remained unpaid or unclaimed for seven consecutive years or more to the IEPF Authority's demat account with Central Depository Services Limited (CDSL).

Shareholder Information and Process

The company has individually communicated with affected shareholders whose shares are liable for transfer. A complete list of such shareholders is available on the company's website at https://www.nerolac.com/financial/shareholders.html . For shareholders holding physical shares, the company will issue duplicate share certificates before transferring the shares to the IEPF Authority, rendering the original certificates non-negotiable.

Recovery Process for Transferred Assets

Shareholders should note that both unclaimed dividend amounts and shares transferred to the IEPF Authority can be claimed back by following the prescribed procedure under the IEPF Rules. The company has clarified that no claims will lie against it once shares are transferred to the IEPF Authority.

Contact Information

For queries and clarifications, shareholders may contact the company at investor@nerolac.com or reach the Registrar and Share Transfer Agent, MUFG Intime India Private Limited, at investorhelpdesk@intimeindia.com . Service requests can also be submitted electronically through www.intimeindia.com under 'Investor Services - Service Request'.

Kansai Nerolac Paints has completed the resignation process of Mr. Hirokazu Kotera from his position as Executive Director, effective from the close of business on March 31, 2026. The resignation follows specific instructions from Kansai Paint Co. Ltd., Japan, which serves as the promoter company and had originally nominated Mr. Kotera as a Director on the Board.

Regulatory Compliance and Documentation

The company has fulfilled all regulatory requirements under Regulation 30 read with Schedule III, Para A, Clause (7C) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was initially communicated to stock exchanges on February 3, 2026, and subsequently updated on April 1, 2026, with comprehensive documentation provided to both BSE Limited and National Stock Exchange of India Limited.

Updated Board Composition

Following Mr. Kotera's resignation, the company has provided a revised list of Board of Directors effective April 1, 2026. The current board structure includes six directors across various categories, maintaining a balanced composition of independent and non-executive directors.

Corporate Governance and Strategic Alignment

The resignation represents a strategic decision coordinated between the parent company and its subsidiary operations. The involvement of the promoter company in directing this resignation demonstrates alignment with broader organizational objectives within the Kansai Paint group structure. The advance notice provided allowed sufficient time for succession planning and ensured smooth transition of responsibilities without disrupting operational continuity.

The company secretary G. T. Govindarajan has overseen the completion of all documentation and compliance requirements, ensuring transparency in the leadership transition process. This systematic approach reflects the company's commitment to maintaining strong corporate governance standards during executive changes.