Akzo Nobel India Limited has informed regarding Disclosure of material issue pertaining to passing of resolutions by shareholders through evoting under postal ballot process.
JSWDULUX · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Akzo Nobel India Limited (now JSW Dulux Limited) has informed stock exchanges that all four resolutions in its postal ballot (e-voting ended 2 March 2026) have been passed by shareholders. Resolution 1 (Ordinary) appoints Mr. Parth Sajjan Jindal (from the JSW Group) as Non-Executive Non-Independent Director and Chairman, with 98.65% votes in favour (1.35% against). Resolution 2 (Special) appoints Mr. Shantanu Maharaj Khosla as Independent Director (99.99% in favour). Resolution 3 (Special) changes Mr. Rajiv Rajgopal's designation from Chairman and Managing Director to Joint Managing Director & CEO (99.99% in favour). Resolution 4 (Special) approves changing the company's name to JSW Dulux Limited and altering the MoA and AoA accordingly (99.99% in favour). The promoter group was interested in Resolution 1 and voted 100% in favour, while a small portion of public institutional investors (4.9%) voted against Mr. Jindal's appointment. The total shares voted were 3.85 crore out of 4.55 crore outstanding (84.6% participation).
This marks a major governance and branding shift, confirming JSW Group's takeover of the Akzo Nobel India business. Shareholders should expect the stock to trade under the new 'JSW Dulux' identity, with Parth Jindal taking over as Chairman. The change of name and JSW-aligned leadership may re-rate the stock as a paints-sector play under the JSW umbrella.