JSW Dulux Limited has informed regarding Disclosure of material issue pertaining to passing of resolutions by shareholders through e-voting under postal ballot process.
JSWDULUX · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
JSW Dulux Limited (formerly Akzo Nobel India Limited) has announced that all 8 resolutions proposed in the postal ballot notice dated 23rd March 2026 have been passed by shareholders through remote e-voting, with results deemed final on 26th April 2026. The resolutions include appointment of Mr. Kaustubh Kulkarni as Non-Executive Director (99.72% favor) and Ms. Sutapa Banerjee as Independent Director (86.22% favor, the highest opposition at 13.78%). Additionally, shareholders approved the JSW Dulux Limited Employee Stock Option Scheme 2026 along with related resolutions for stock option grants to employees of subsidiary and holding companies, and implementation through trust route. All resolutions passed with overwhelming majority ranging from 86% to 99.99% favor votes. A total of 38.66 million shares (84.9% turnout) participated in the voting process.
The strong shareholder approval across all resolutions, particularly the ESOP scheme, signals management confidence and aligns employee interests with shareholders. The high approval for the new directors strengthens the board. Minor shareholder concern exists around Ms. Banerjee's appointment given 13.78% opposition.