This is to inform you that based on the recommendation of the Nomination and Remuneration Committee, the Board have unanimously approved the re-appointment of Mr. Milind Sarwate as an Independent ....
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Asian Paints Board has unanimously approved the re-appointment of Mr. Milind Sarwate as an Independent Director for a second term of 5 years, from 21st October 2026 to 20th October 2031. This re-appointment is subject to shareholder approval at the 80th Annual General Meeting. Mr. Sarwate, 66, is a Chartered Accountant with over 40 years of experience in finance, governance, and board oversight. He currently serves on boards of several companies including CEAT Limited and Mahindra & Mahindra Financial Services Limited. The Board confirmed he meets all independence criteria under the Companies Act, 2013 and is not related to any directors, KMP, or promoter group.
This is a positive governance development. Retaining an experienced independent director like Mr. Sarwate, who has a strong track record in financial stewardship and corporate governance, reinforces board stability and oversight quality at Asian Paints.