Kansai Nerolac Paints Limited , a leading paint manufacturer in India, has announced a significant change in its top leadership. The company's long-serving Chief Financial Officer (CFO), P.D. Pai, is set to retire, paving the way for Yash Ahuja to assume the role.

Retirement of P.D. Pai

P.D. Pai, who has been an integral part of Kansai Nerolac for nearly four decades, will retire from his position as CFO effective July 31, 2025. The Board of Directors has expressed their sincere appreciation for Pai's valuable contributions during his remarkable 36-year tenure with the company.

Appointment of Yash Ahuja

Taking the financial reins from August 1, 2025, will be Yash Ahuja, who brings over 24 years of extensive finance experience to the role. Ahuja's appointment was approved by the Board of Directors on the recommendation of the Nomination and Remuneration Committee and the Audit Committee.

Yash Ahuja's Professional Background

Ahuja comes with impressive credentials and a wealth of experience:

• Associate Member of the Institute of Chartered Accountants of India
• Bachelor's degree in Commerce from South City College, Calcutta University
• Executive education from the University of California, Berkeley, Haas School of Business
• Previous experience with notable organizations including Panasonic Life Solutions India Pvt. Ltd., Wrigley, Hewlett-Packard, General Electric, and SpiceJet Limited in finance and strategy roles

Ahuja has been serving as Senior Vice President - Finance (CFO Designate) at Kansai Nerolac since April 16, 2025, preparing for this transition.

Additional Responsibilities

In addition to his role as CFO, Yash Ahuja will also assume the position of Chief Risk Officer from August 1, 2025, taking over this responsibility from P.D. Pai as well.

Key Managerial Personnel Update

Effective August 1, 2025, Kansai Nerolac Paints Limited's Key Managerial Personnel structure will be as follows:

The company has also updated its authorization for determining the materiality of events and making related disclosures to stock exchanges. From August 1, 2025, this responsibility will be shared by Pravin D. Chaudhari (Managing Director) and either Yash Ahuja (Chief Financial Officer) or G.T. Govindarajan (Company Secretary).

This leadership transition marks a new chapter for Kansai Nerolac Paints Limited as it continues to navigate the competitive paint industry landscape in India.

Investors eyeing dividends from Kansai Nerolac Paints Ltd. should mark their calendars, as today, June 20, represents the final opportunity to purchase shares and qualify for the company's recently announced dividend payout.

Dividend Details

Kansai Nerolac Paints has declared two types of dividends:

1. A final dividend of Rs 2.50 per share
2. A special dividend of Rs 1.25 per share

This brings the total dividend to Rs 3.75 per share, showcasing the company's commitment to shareholder returns.

Key Dates

Investors must ensure they are shareholders of record by the specified date to be eligible for the dividend payout.

Financial Implications

The total dividend payout is expected to amount to approximately Rs 303.00 crore, reflecting a significant return of value to shareholders. This substantial payout underscores the company's strong financial position and its dedication to rewarding investors.

Investor Considerations

Potential investors and current shareholders should note that shares typically trade ex-dividend on the day following the last date to buy. This means the share price may adjust to reflect the upcoming dividend payout.

For those considering an investment in Kansai Nerolac Paints, today presents the final chance to become eligible for this dividend distribution. However, as always, investment decisions should be based on comprehensive research and individual financial goals.

Kansai Nerolac Paints, a leading player in the Indian paint industry, continues to demonstrate its commitment to shareholder value through this dividend announcement. The company's ability to offer both a final and special dividend may be indicative of its financial health and positive outlook for the future.