Asian Paints Limited
Key Developments and Approvals
The Board of Directors of Asian Paints Limited, at its meeting held on 7th September 2026, based on the recommendation of the Nomination and Remuneration Committee, had unanimously approved the appointment of Mr. Leo Puri (DIN: 01764813) as an Additional and Independent Director of the Company.
Term and Transition Details
Mr. Leo Puri was appointed for a first term of five (5) consecutive years commencing from 7th September 2026 to 6th September 2031. He shall assume office as Chairman of the Board with effect from 23rd January 2027, upon completion of the term of Mr. R. Seshasayee (DIN: 00047985) as Chairman and Independent Director on 22nd January 2027.
Shareholder Approval
The shareholders of the Company have approved the appointment of Mr. Leo Puri as an Independent Director through Postal Ballot conducted via remote e-Voting. The special resolution is deemed to have been passed on Friday, 6th November 2026, being the last date specified for remote e-Voting.
Regulatory Compliance and Disclosures
The voting results and Scrutinizer's Report have been submitted separately pursuant to Regulation 44 of the Listing Regulations. The brief profile of Mr. Leo Puri was previously disclosed vide letter no. APL/SEC/57/2026-27/35 dated 7th September 2026 and is available on the company website.
Independence and Eligibility Confirmation
Mr. Leo Puri is not related to any Directors, Key Managerial Personnel, or members of the Promoter(s) & Promoter(s) Group. He meets the criteria of independence as prescribed under the Companies Act, 2013 and SEBI Listing Regulations, and has not been debarred from holding director office by SEBI or any other authority. He is not disqualified under Section 164 of the Companies Act, 2013.
Document References
Original Board approval communicated via letter no. APL/SEC/57/2026-27/35 dated 7th September 2026.