Kansai Nerolac Paints Limited has made available the audio recording of the analyst and institutional investor meet hosted by its Japanese promoter, Kansai Paint Co., Ltd., Japan, on February 26, 2026. The company filed the audio recording availability notice under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Conference Call Completion and Recording Access

The conference call was conducted on February 26, 2026, at 4:00 p.m. Japan Standard Time (12:30 p.m. Indian Standard Time) to discuss business strategy briefing regarding India operations. The audio recording has been uploaded on the company's website at https://www.nerolac.com/investors/conference-call-with-investors.html . The company has indicated that the transcript will be shared with stock exchanges and uploaded on the website in due course.

Strategic Portfolio Positioning

The presentation emphasized the company's balanced portfolio approach across three critical segments:

The company operates with a mission to contribute to India's development through its diversified portfolio catering to automotive, industrial, and construction sectors.

Business Transformation Framework

The presentation outlined key business transformation drivers categorized into growth and operational improvement areas. Growth drivers include portfolio management, One-Kansai initiative, and leveraging past M&A activities. Operational improvements focus on strategic resource allocation, asset utilization, enhanced agility, and Cash Conversion Cycle optimization.

Financial Performance Highlights

The company demonstrated consistent revenue growth over the last decade, with revenue reaching approximately ₹7,500.00 crores by FY2024. Operating profit peaked at about ₹850.00 crores in FY2023, showcasing resilient business fundamentals.

Segment Performance Analysis

Automotive Segment: The company maintains dominant market share in India's 2/3-wheeler segment, representing the world's largest production hub with 18,500 units ('000). Market share improved from 58.10% in FY2022 to 61.00% in FY2024.

Industrial Segment: Growth segments including powder coatings, construction equipment, white goods, and furniture drive expansion through functionality strength and network expansion with 2,000+ dealers.

Decorative Segment: Despite competitive market conditions, the company sustains its #3 position through focused market approach, project segment growth of 10%+, and construction chemicals growth of 15%+.

Nerofix Integration and Strategic Collaborations

The Nerofix sales trend index reached 7.80 in FY2025, marking record-high sales progress. The organizational amalgamation aims to eliminate inefficiencies and create enhanced collaboration opportunities. The company maintains active collaboration with global Kansai Paint entities for technical support and business development across automotive and industrial segments.

Kansai nerolac paints Limited announced a significant change in its Board of Directors following a meeting held on February 3, 2026. The company disclosed the resignation of Executive Director Hirokazu Kotera, marking an important leadership transition.

Executive Director Resignation Details

Hirokazu Kotera, holding Director Identification Number 10707431, has submitted his resignation as Executive Director of the company. The resignation will take effect from the close of business on March 31, 2026.

Board Meeting Proceedings

The Board of Directors convened on Tuesday, February 3, 2026, to consider and approve the change in the Board composition. The meeting commenced at 1.50 p.m. and concluded at 6.30 p.m. During the session, the Board formally accepted Kotera's resignation and acknowledged his contributions during his tenure with the company.

Promoter Company Direction

The resignation stems from directions issued by Kansai Paint Co. Ltd., Japan, the promoter company that had originally nominated Kotera as a Director on the Board of Kansai Nerolac Paints Limited. This indicates a strategic decision by the parent company to restructure its representation on the Indian subsidiary's Board.

Regulatory Compliance

The company has fulfilled its disclosure obligations under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The announcement was made in compliance with Schedule III, Part A requirements and relevant SEBI circulars, ensuring transparency for stakeholders and market participants.

The resignation letter was formally submitted by Kotera to the Board of Directors, confirming his decision to step down from his executive role as directed by the Japanese parent company.