Newspaper publication is enclosed herewith
KANSAINER · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Kansai Nerolac Paints has submitted copies of a newspaper notice published on April 23, 2025, in Business Standard (English) and Sakal (Marathi), as required under SEBI Listing Regulations. The underlying notice informs shareholders that the company is applying to the Central Government under Section 196 read with Part I of Schedule V of the Companies Act, 2013, for approval to appoint Mr. Pravin Digambar Chaudhari (DIN: 02171823) as Managing Director. The proposed appointment is for a 3-year term starting April 1, 2025, to March 31, 2028. Shareholders had already approved the appointment on April 18, 2025, via a postal ballot (notice dated March 11, 2025). The Central Government application suggests the appointee may not meet the standard age/condition criteria under the Act, requiring regulatory clearance.
Confirms leadership continuity at Kansai Nerolac with a 3-year MD appointment already backed by shareholder approval. The need for Central Government approval is a procedural step and is unlikely to materially affect the stock, pending clearance.