Asian Paints Limited disclosed the outcome of a postal ballot process conducted to seek shareholder approval for the appointment of Mr. Leo Puri (DIN: 01764813) as an Independent Director. The resolution sought his appointment for a term of five consecutive years commencing from 7th September 2026 to 6th September 2031, not liable to retire by rotation.

The postal ballot was conducted through remote e-voting only, pursuant to Sections 108 and 110 of the Companies Act, 2013 read with the Companies (Management and Administration) Rules, 2014, and Regulation 44 of the SEBI Listing Regulations. The voting period ran from 8th October 2026 (9:00 AM IST) to 6th November 2026 (5:00 PM IST).

Mr. Makarand M. Joshi (Membership No.: 5533, CP No.: 3662), Partner of Makarand M. Joshi & Co., Practicing Company Secretaries, was appointed as the Scrutinizer for the process. The Scrutinizer submitted his report on 6th November 2026 after the e-voting concluded.

Voting Results

The special resolution was approved by the shareholders with requisite majority. The detailed voting results are as follows:

Total Shareholders on record date (2nd October 2026): 9,63,654

Total Outstanding Shares: 95,91,97,790

Total Votes Polled: 78,92,15,346 shares (82.2787% of outstanding shares)

Votes in Favor: 78,25,94,391 shares (99.1611% of votes polled)

Votes Against: 66,20,955 shares (0.8389% of votes polled)

Category-wise Breakdown:

  • Promoter & Promoter Group: Held 50,49,85,198 shares; voted 49,09,64,877 shares (97.2236% participation); 100% in favor (49,09,64,877 shares).
  • Public Institutions: Held 32,79,69,172 shares; voted 29,77,26,387 shares (90.7788% participation); 97.7831% in favor (29,11,26,191 shares) and 2.2169% against (66,00,196 shares).
  • Public Non-Institutions: Held 12,62,43,420 shares; voted 5,24,082 shares (0.4151% participation); 96.0390% in favor (5,03,323 shares) and 3.9610% against (20,759 shares).

Additional Notes from Voting Process

  • Voting rights on shares transferred to 'Unclaimed Suspense Account', 'Investor Education and Protection Fund', and shares held by 'Asian Paints Employees Stock Ownership Trust' were frozen.
  • Voting rights of Foreign Portfolio Investors who did not submit additional disclosures as per SEBI Master Circular No. SEBI/HO/AFD/AFD-PoD-2/P/CIR/2024/70 dated 30th May 2024 were restricted.
  • There were no abstained votes or invalid votes cast on the resolution.

Disclosures and Availability

The voting results and Scrutinizer's report are being displayed on the notice board of the Company's Registered Office and are available on the company's website (www.asianpaints.com) and NSDL's e-voting website (www.evoting.nsdl.com).

The disclosure is made pursuant to Regulation 30 and Regulation 44 of the SEBI Listing Regulations.