Kansai Nerolac 106th AGM Approves ₹2.50 Dividend

AGM Details

The 106th Annual General Meeting of Kansai Nerolac Paints Limited was held on Thursday, 9th July, 2026, through Video Conferencing/Other Audio Visual Means without physical presence of shareholders. The meeting commenced at 11:00 AM IST and concluded at 1:40 PM IST.

The meeting was conducted in compliance with:

Circular No. 03/2025 dated 22nd September, 2025
Circular No. 14/2020 dated 8th April, 2020
Relevant Circulars issued by the Ministry of Corporate Affairs
Companies Act, 2013
SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Shareholder Participation

Record date (cut-off date): 2nd July, 2026
Total number of shareholders on record date: 149,460
Shareholders attending through video conferencing: 98 (1 Promoter/Promoter Group, 97 Public)
No shareholders attended in person or through proxy
Quorum was present at the AGM

Resolutions Approved

Four resolutions were considered and approved by shareholders through remote e-voting and e-voting during the AGM:

1. Ordinary Business: Adoption of Financial Statements

Adoption of audited financial statements (including consolidated financial statements) for year ended 31st March, 2026
Reports of Board of Directors and Auditors thereon
Resolution type: Ordinary Resolution
Voting method: Remote e-voting and e-voting at AGM

2. Ordinary Business: Dividend Declaration

Declaration of dividend of ₹2.50 (250%) per equity share of nominal value ₹1 each
For the year ended 31st March, 2026
Resolution type: Ordinary Resolution
Voting method: Remote e-voting and e-voting at AGM

3. Ordinary Business: Director Re-appointment

Appointment of Mr. Takashi Tomioka (DIN: 08736654) as Non-Executive Director
Retires by rotation and offered himself for re-appointment
Promoter/promoter group interested in this resolution: Yes
Resolution type: Ordinary Resolution
Voting method: Remote e-voting and e-voting at AGM

4. Special Business: Cost Auditor Remuneration

Ratification of remuneration of Cost Auditor, D. C. Dave & Co. (Firm Registration No. 000611)
For financial year ending 31st March, 2027
Recommended by Audit Committee and approved by Board of Directors
Promoter/promoter group not interested in this resolution
Resolution type: Ordinary Resolution
Voting method: Remote e-voting and e-voting at AGM

Voting Results Details

Resolution 1: Adoption of Financial Statements

Total shares voted: 699,934,631 (86.5490% of outstanding shares)
Votes in favor: 699,933,288 (99.9998% of votes polled)
Votes against: 1,343 (0.0002% of votes polled)
Promoter group: 606,203,847 shares voted (100% in favor)
Public institutions: 93,091,212 shares voted (100% in favor)
Public non-institutions: 639,572 shares voted (99.79% in favor, 0.21% against)

Resolution 2: Dividend Declaration

Total shares voted: 699,979,442 (86.5546% of outstanding shares)
Votes in favor: 699,978,099 (99.9998% of votes polled)
Votes against: 1,343 (0.0002% of votes polled)
Promoter group: 606,203,847 shares voted (100% in favor)
Public institutions: 93,136,023 shares voted (100% in favor)
Public non-institutions: 639,572 shares voted (99.79% in favor, 0.21% against)

Resolution 3: Director Re-appointment

Total shares voted: 699,979,342 (86.5546% of outstanding shares)
Votes in favor: 698,516,266 (99.7910% of votes polled)
Votes against: 1,463,076 (0.2090% of votes polled)
Promoter group: 606,203,847 shares voted (100% in favor)
Public institutions: 93,136,023 shares voted (98.4309% in favor, 1.5691% against)
Public non-institutions: 639,472 shares voted (99.7443% in favor, 0.2557% against)

Resolution 4: Cost Auditor Remuneration

Total shares voted: 699,979,342 (86.5546% of outstanding shares)
Votes in favor: 699,977,784 (99.9998% of votes polled)
Votes against: 1,558 (0.0002% of votes polled)
Promoter group: 606,203,847 shares voted (100% in favor)
Public institutions: 93,136,023 shares voted (100% in favor)
Public non-institutions: 639,472 shares voted (99.7564% in favor, 0.2436% against)

Scrutinizer's Report

J. H. Ranade, Partner of JHR & Associates, was appointed as Scrutinizer for the AGM. Key details from the Consolidated Scrutinizer's Report dated 9th July, 2026:

Remote e-voting period: 6th July 2026 (9:00 AM IST) to 8th July 2026 (5:00 PM IST)
E-voting at AGM was enabled for 15 minutes after conclusion of meeting
Votes were unblocked/downloaded from NSDL e-voting system in presence of two witnesses
No invalid votes were found during scrutiny

Detailed Voting Breakdown by Ballots:

Resolution 1: Adoption of Financial Statements

Voted in favor: 409 ballots with 699,933,288 votes (99.9998%)
Voted against: 6 ballots with 1,343 votes (0.0002%)
Abstained/less voted: 3 ballots with 47,619 votes

Resolution 2: Dividend Declaration

Voted in favor: 411 ballots with 699,978,099 votes (99.9998%)
Voted against: 6 ballots with 1,343 votes (0.0002%)
Abstained/less voted: 1 ballot with 2,808 votes

Resolution 3: Director Re-appointment

Voted in favor: 390 ballots with 698,516,266 votes (99.7910%)
Voted against: 33 ballots with 1,463,076 votes (0.2090%)
Abstained/less voted: 2 ballots with 2,908 votes

Resolution 4: Cost Auditor Remuneration

Voted in favor: 402 ballots with 699,977,784 votes (99.9998%)
Voted against: 14 ballots with 1,558 votes (0.0002%)
Abstained/less voted: 2 ballots with 2,908 votes

Additional Information

The Annual Report for FY2025-26 and Notice of AGM were submitted to stock exchanges on 11th June, 2026 as required under Regulation 34 of SEBI Listing Regulations
Questions raised by shareholders at the AGM were replied to
Voting results were uploaded on BSE Listing portal and NSE's NEAPS portal in XBRL format

Share Capital Structure

Total outstanding shares: 808,714,470
Promoter and Promoter Group holdings: 606,203,847 shares (74.93%)
Public Institutions holdings: 128,705,091 shares (15.91%)
Public Non-Institutions holdings: 73,805,532 shares (9.12%)

#Tags: #KansaiNerolac #AGM #Dividend #SEBIDisclosure #CorporateGovernance #Neutral