Akzo Nobel India Limited announced the successful completion of its postal ballot process on March 3, 2026, with all four proposed resolutions receiving overwhelming shareholder approval. The company filed the voting results with BSE and NSE under Regulation 30 and Regulation 44(3) of SEBI LODR, demonstrating strong corporate governance compliance.

Comprehensive Voting Participation

The postal ballot process witnessed significant shareholder engagement, with 447 shareholders participating in the e-voting process. The voting statistics reveal substantial institutional and retail investor participation across all resolution categories.

Resolution-wise Voting Outcomes

All four resolutions achieved remarkable approval rates, demonstrating strong shareholder confidence in the proposed corporate restructuring initiatives.

Resolution 1: Chairman Appointment (Ordinary Resolution)

The appointment of Mr. Parth Sajjan Jindal as Non-Executive Non-Independent Director and Chairman secured 98.65% approval with 3,79,88,881 votes in favor against 5,21,720 opposing votes.

Resolution 2: Independent Director Appointment (Special Resolution)

Mr. Shantanu Maharaj Khosla's appointment as Independent Director received exceptional support with 99.99% approval, garnering 3,85,08,048 favorable votes against only 2,498 opposing votes.

Resolution 3: Designation Change (Special Resolution)

The change in Mr. Rajiv Rajgopal's designation from Chairman and Managing Director to Joint Managing Director & CEO was approved with 99.99% votes in favor (3,85,08,049 votes) against 2,451 opposing votes.

Resolution 4: Company Name Change (Special Resolution)

The proposal to change the company name to JSW Dulux Limited achieved 99.995% approval with 3,85,07,199 votes in favor and only 1,824 votes against.

Scrutinizer's Report and Compliance

Mr. A K Labh (FCS4848, C.P. No. 3238) from M/s A K Labh & Company, Company Secretaries, Kolkata, served as the appointed scrutinizer and submitted his comprehensive report on March 3, 2026. The e-voting process was conducted through National Securities Depository Limited (NSDL) platform, ensuring transparent and secure voting procedures.

Corporate Transformation Framework

The successful passage of these resolutions establishes the foundation for significant organizational transformation under new leadership structure.

The company confirmed that detailed voting results and the scrutinizer's report are available on its website ( www.akzonobel.co.in ) and NSDL's e-voting portal ( www.evoting.nsdl.com ). The successful completion demonstrates strong shareholder confidence in the proposed strategic direction and leadership restructuring initiatives.

Akzo Nobel India Limited has announced a key change in its senior management with the resignation of Ms. Neelima Kataria, HR Director, who is stepping down to pursue new professional opportunities. The announcement was made through a regulatory filing on February 17, 2026, under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements.

Resignation Details

Ms. Kataria submitted her resignation letter on February 17, 2026, which was promptly accepted by the management on the same date. The resignation follows her decision to explore new professional avenues after a successful four-year tenure with the company.

Transition Timeline

The company has structured a comprehensive transition plan to ensure continuity of operations. Ms. Kataria will remain in her role until the closure of business hours on Wednesday, May 6, 2026, completing her full notice period as per her appointment terms. During this transition period, she will assist with all necessary handover activities and provide support to maintain operational continuity.

Management Response

In her resignation letter addressed to Joint MD & CEO Mr. Rajiv Rajgopal, Ms. Kataria expressed gratitude for the trust and support received during her journey with Akzo Nobel India Limited. She highlighted her pride in the collective achievements and wished the organization continued growth and success.

The management has acknowledged her contributions and expressed appreciation for her service during her tenure at the company. The formal acceptance of her resignation was confirmed by Mr. Rajiv Rajgopal on February 17, 2026.

Regulatory Compliance

The announcement complies with SEBI regulations for disclosure of changes in senior management personnel. As HR Director, Ms. Kataria qualifies as Senior Management Personnel under Regulation 16(1)(d) of SEBI Listing Regulations, 2015, necessitating the formal disclosure to stock exchanges BSE and NSE.