Akzo Nobel India Limited's Board of Directors has approved a comprehensive transformation plan that includes changing the company's name to JSW Dulux Limited and restructuring its leadership team. The decisions were made during a board meeting held on January 28, 2026, and will require shareholder approval through a postal ballot process.

Name Change and Corporate Restructuring

The board has approved the proposal to change the company's name from Akzo Nobel India Limited to JSW Dulux Limited. This change is contingent upon receiving approval for name availability from the Ministry of Corporate Affairs, followed by shareholder approval and final clearance from the Central Government/Ministry of Corporate Affairs under the Companies Act, 2013.

As part of this transformation, the board also approved consequent alterations to the relevant clauses of the company's Memorandum of Association and Articles of Association to reflect the name change.

Leadership Appointments and Changes

The board has approved several key leadership appointments that will reshape the company's management structure:

Notably, Rajiv Rajgopal's role will transition from Chairman and Managing Director to Joint Managing Director & Chief Executive Officer, representing a significant restructuring of executive responsibilities.

Shareholder Approval Process

All proposed changes will be presented to shareholders through a postal ballot process utilizing remote e-voting exclusively. The company will seek approval for four special business items:

• Appointment of Parth Sajjan Jindal as Chairman
• Appointment of Shantanu Maharaj Khosla as Independent Director
• Designation change for Rajiv Rajgopal
• Company name change and associated corporate document amendments

The Notice of Postal Ballot, along with explanatory statements and details regarding the remote e-voting process, will be submitted in due course.

Meeting Details

The board meeting commenced at 4:30 P.M. and concluded at 5:00 P.M. on January 28, 2026. The disclosure has been simultaneously uploaded on the company's website at www.akzonobel.co.in , ensuring transparency and compliance with regulatory requirements under the SEBI Listing Regulations.

Akzo Nobel India Limited has informed stock exchanges about receiving a GST order from Gujarat authorities on January 9, 2026, related to ongoing litigation proceedings. The development follows a show cause notice issued by the Gujarat GST Department in October 2025.

GST Order Details

The Gujarat GST Department's order, dated December 31, 2025, was received by the company on January 9, 2026. The order addresses the disallowance of Input Service Distributor (ISD) input tax credit under Section 73 of the CGST/SGST Act, 2017 for the period from April 2021 to March 2022.

Timeline of Events

The litigation process began with a show cause notice received on October 3, 2025, containing an initial demand of ₹7.84 lakh comprising tax, interest, and penalty components. The company responded with supporting documents within the prescribed time limit.

Company's Response

Akzo Nobel India has stated that the order remains open for further submissions to relevant authorities. The company is currently reviewing the order to formulate its response within the timeframe specified in the GST department's communication.

The company has fulfilled its disclosure obligations under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, providing an update on the pending litigation that was initially disclosed on October 4, 2025.

Regulatory Compliance

The disclosure follows SEBI circular SEBI/HO/CFD/CFDPoD-1/P/CIR/2023/123 dated July 13, 2023, which mandates regular updates on pending litigation until conclusion or dispute resolution. The company has informed both BSE Limited and National Stock Exchange of India about this development through its General Counsel, Company Secretary & Compliance Officer, Rajiv L. Jha.