This is to inform you that the Board of Directors of the Company at their meeting held today i.e. Friday, 29th May 2026, based on the recommendation of the Nomination and Remuneration Committee, have unanimously approved the re-appointment of Mr. Milind Sarwate (DIN: 00109854) as an Independent Director of the Company for a second term of five (5) consecutive years commencing from 21st October 2026 to 20th October 2031, subject to approval of the shareholders of the Company at the ensuing 80th Annual General Meeting.
ASIANPAINT · price
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Asian Paints' Board of Directors has unanimously approved the re-appointment of Mr. Milind Sarwate as an Independent Director for a second term of five years, from 21st October 2026 to 20th October 2031. The appointment is subject to shareholder approval at the company's 80th Annual General Meeting. Mr. Sarwate, 66, is a Chartered Accountant, Cost Accountant, and Company Secretary with over four decades of experience in finance, governance, and board oversight. He currently serves on the boards of CEAT Limited, Mahindra & Mahindra Financial Services Limited, and other companies. The Board confirmed he meets the independence criteria under the Companies Act, 2013 and is not related to any directors, KMPs, or promoter group members.
This is a routine corporate governance action with no material impact on the stock. The re-appointment maintains board continuity and reinforces governance standards. Shareholders should simply note it for approval at the upcoming AGM.