Akzo Nobel India Limited has informed the Exchange regarding Appointment of Mr Parth Jindal as Chairman of the company w.e.f. January 09, 2026.
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Akzo Nobel India announced three board changes effective January 9, 2026. Mr. Parth Jindal, currently Managing Director of JSW Paints and JSW Cement (and part of the JSW Group promoter family), has been appointed as Non-Executive Chairman. Existing Chairman & Managing Director Rajiv Rajgopal has been re-designated as Joint Managing Director & CEO, with all other terms unchanged. Additionally, Shantanu Maharaj Khosla (former MD of P&G India and Crompton Greaves) has been appointed as an Independent Director for a 3-year term. All appointments are subject to shareholder approval via postal ballot.
This is a significant governance change – a member of the JSW promoter family is now Chairman of Akzo Nobel India, which may reflect JSW's deepening strategic interest or stake in the paints business. Day-to-day operations stay steady as Rajiv Rajgopal continues to lead as Joint MD & CEO, while the board gains a high-profile independent director. Shareholders should watch for further disclosures on JSW's stake and any related-party developments.