Akzo Nobel India Limited has informed the Exchange regarding Outcome of Board Meeting held on March 23, 2026.
JSWDULUX · price
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JSW Dulux Limited held a board meeting on March 23, 2026, where it approved the appointment of Mr. Kaustubh Sudhakar Kulkarni (Group Head – Banking, M&A at JSW Steel) as a Non-Executive Non-Independent Director, and Ms. Sutapa Banerjee (veteran financial services leader with 30+ years of experience) as an Independent Woman Director for a 3-year term ending March 22, 2029. The board also approved the 'JSW Dulux Limited - Employee Stock Option Scheme 2026' (ESOP 2026), covering 3,75,124 equity shares (face value Rs. 10) for eligible employees of the company, its subsidiaries, and its holding company, priced at market price on grant date with vesting between 1 and 5 years. All 8 items—including the two director appointments, ESOP 2026, alteration of Articles of Association, and trust route share acquisition—will be put to shareholders via Postal Ballot (remote e-voting).
The new directors strengthen the board with JSW Group representation and independent financial expertise, signaling stronger integration with the JSW parent group. The ESOP 2026, covering roughly 3.75 lakh shares, may lead to mild equity dilution upon exercise and aligns employee incentives across the group. Shareholders will need to vote on these proposals via postal ballot in the coming weeks.