Section A – KMP Resignation Details
Name of Resigning KMP: Ms. Sonali Sanas
Designation: Company Secretary, Compliance Officer and Key Managerial Personnel (KMP)
Reason for Resignation: Transition to new role as Chief Executive Officer — Paints Division
Effective Date of Resignation: 25 September 2026
Date of Resignation Letter: Not Specified
Duration in Role: Not Specified
Board's Acknowledgment / Statement: Not Specified
Replacement Appointed: Mrs. Jayashree D. Soni appointed as Company Secretary (CS), Compliance Officer and Key Managerial Personnel (KMP)
Regulatory Compliance Statement: Disclosure made under Regulation 30 read with Clause 7 of Paragraph A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Compliance with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated 30th January 2026.
Delay in Disclosure: Not Specified
Section B – Additional Observations or Disclosures
Transition & Internal Role Reallocations: Ms. Sonali Sanas has been appointed as Chief Executive Officer — Paints Division effective 16 August 2026. She will continue as Company Secretary and Compliance Officer until 24 September 2026 to ensure a smooth transition.
Successor Appointments: Mrs. Jayashree D. Soni appointed as Company Secretary, Compliance Officer and KMP effective 25 September 2026.
- Qualifications: Qualified Company Secretary and law graduate
- Age: 51 years
- Experience: 20 years in corporate secretarial practice
- Previous Roles: Company Secretary and Compliance Officer with Tara Jewels Limited and Euro Ceramics Limited; Head — Legal, Company Secretary, and Compliance Officer at Gandhar Oil Refinery (India) Limited until December 2025
- Current Role: Deputy Vice President — Listing Compliance at BSE Limited
- Responsibilities: Oversight of legal, secretarial, compliance, and corporate governance functions
Board Approval Process: The Board of Directors approved the appointment based on the recommendation of the Nomination and Remuneration Committee at its meeting held on 6 August 2026. The meeting commenced at 5:00 p.m. and ended at 6:40 p.m.
Section C – Financial & Governance Disclosures
Audited Financial Results: Not Specified
Auditor's Report Summary: Not Specified
Dividends / Capital Changes / Buybacks: Not Specified
Board / Committee Updates: Nomination and Remuneration Committee meeting held on 6 August 2026 recommended the appointment of Mrs. Jayashree D. Soni.
Company Details:
- Date of Disclosure: 6 August 2026
- Corporate Office: 178 Backbay Reclamation, Mumbai 400 020