Meeting Details

The voting was conducted via a postal ballot with remote e-voting only, without a physical meeting. The voting period ran from 11th August 2026 (9:00 AM IST) to 9th September 2026 (5:00 PM IST). The record date for determining shareholder eligibility was Friday, 31st July 2026.

Proposed Resolution and Implications

Shareholders were asked to approve one ordinary resolution: the appointment of Ms. Shubhlakshmi Dani (DIN: 02942138) as a Non-Executive Director of the Company, liable to retire by rotation. The resolution was classified as special business. Promoters/Promoter Group were not interested in this resolution.

Voting Process and Methods

The voting was conducted exclusively through remote e-voting ('Postal Ballot') as per Sections 108 and 110 of the Companies Act, 2013, read with the Companies (Management and Administration) Rules, 2014. National Securities Depository Limited (NSDL) was appointed to provide the e-voting facility at www.evoting.nsdl.com. The notice was sent to members via email on 10th August 2026. Advertisements were published in Economic Times (All India), The Free Press Journal (Mumbai), Navshakti (Mumbai), and Maharashtra Times (Maharashtra) to inform members.

Key Voting Outcomes

Overall Results

The resolution was approved with 95.4856% votes in favor. The total number of shareholders as of the record date was 9,71,369.

  • Total Votes Cast: 78,80,63,977 votes (82.1587% of total outstanding shares of 95,91,97,790)
  • Votes in Favor: 75,24,87,634 (95.4856% of votes polled)
  • Votes Against: 3,55,76,343 (4.5144% of votes polled)

Category-wise Breakdown

  • Promoter and Promoter Group: Held 50,47,85,198 shares. Voted 49,07,64,877 shares (97.2225% participation). Unanimous approval: 100% in favor (49,07,64,877 votes), 0% against.
  • Public Institutions: Held 32,74,95,408 shares. Voted 29,64,06,257 shares (90.5070% participation). 88.0157% in favor (26,08,83,899 votes), 11.9843% against (3,55,22,358 votes).
  • Public Non-Institutions: Held 12,69,17,184 shares. Voted 8,92,843 shares (0.7035% participation). 93.9536% in favor (8,38,858 votes), 6.0464% against (53,985 votes).

Additional Notes on Voting

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

Scrutinizer's Role and Findings

Mr. Makarand Joshi (Membership No.: 5533, COP: 3662), Partner of Makarand M. Joshi & Co., Practicing Company Secretaries, was appointed as the Scrutinizer. He unblocked the votes in the presence of two independent witnesses, Mr. Vaibhav Dandawate and Mr. Abhishek Gupta, and submitted his report on 9th September 2026. The scrutinizer confirmed the results and the passing of the resolution with requisite majority.

Compliance Confirmation

The process was conducted in compliance with Sections 108 and 110 of the Companies Act, 2013, the Companies (Management and Administration) Rules, 2014, SEBI Listing Regulations, MCA Circulars including General Circular No. 03/2025 dated 22nd September 2025, and Secretarial Standard 2 on General Meetings.

Public Disclosure

The voting results and Scrutinizer's report are displayed on the notice board at 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).