Key Decisions and Approvals

The shareholders of Asian Paints Limited at their 80th Annual General Meeting held on 9th July 2026 approved with requisite majority:

  • Appointment of Mr. Sudhir Sitapati (DIN: 09197063) as an Additional and Independent Director for a term of five consecutive years from 29th May 2026 to 28th May 2031
  • Re-appointment of Mr. Milind Sarwate (DIN: 00109854) as an Independent Director for a second term of five consecutive years from 21st October 2026 to 20th October 2031

Background and Process

The Board of Directors had initially approved these appointments at their meeting held on 29th May 2026, based on recommendations of the Nomination and Remuneration Committee. The company had previously informed the exchanges via letter nos. APL/SEC/57/2026-27/3 and APL/SEC/57/2026-27/6 dated 29th May 2026.

Director Independence and Qualifications

Both directors confirmed they meet the independence criteria prescribed under:

  • Companies Act, 2013
  • SEBI Listing Regulations

Neither director has been debarred from holding office by SEBI or any other authority, and neither is disqualified under Section 164 of the Companies Act, 2013. Both directors are not related to any Directors, Key Managerial Personnel, or members of the Promoter(s) & Promoter(s) Group of the Company.

Director Profiles

Mr. Sudhir Sitapati

  • Age: 49 years
  • Qualifications: MBA from IIM Ahmedabad; BSc in Mathematics with Economics Honours from St. Xaviers College, Mumbai
  • Current Role: Managing Director & CEO of Godrej Consumer Products (since 2021)
  • Previous Experience: Over two decades at Unilever, including Executive Director – Foods and Refreshments at Hindustan Unilever
  • Additional Roles: Chair of CII FMCG Committee, previously co-chaired CII National Committee on Food Processing
  • Author of best-selling book "The CEO Factory"

Mr. Milind Sarwate

  • Age: 66 years
  • Qualifications: Bachelor's degree in Commerce (Honours) from University of Bombay, Chartered Accountant, Cost Accountant, Company Secretary, Fulbright-CII Fellowship participant at Carnegie Mellon University
  • Current Directorships: Asian Paints Limited, CEAT Limited, Mahindra & Mahindra Financial Services Limited, OmniActive Health Technologies Limited, Viyash Scientific Limited
  • Professional Focus: Founder and Designated Partner of Increate Value Advisors LLP and Increate Social Value Advisors & Resourcers LLP, Promoter Director of Increate Foundation (Section 8 company)
  • Previous Experience: Leadership roles at Godrej Soaps Limited (restructured to Godrej Consumer Products) and Marico Limited
  • Awards: ICAI Award 2011 (CFO - FMCG sector), CNBC-TV18 Best Performing CFO Award (2012), CFO India Hall of Fame (2013)