Section A – KMP Resignation Details
- Name of Resigning KMP: Mr. Surender Bhatia
- Designation: Chief Executive Officer — Paints Division and Key Managerial Personnel
- Reason for Resignation: Personal decision (as stated in resignation letter)
- Effective Date of Resignation: Closure of business hours on 14 August 2026
- Date of Resignation Letter: 15 May 2026
- Duration in Role: Not Specified
- Board's Acknowledgment / Statement: Not Specified
- Replacement Appointed: Ms. Sonali Sanas appointed as new CEO — Paints Division
- Regulatory Compliance Statement: Disclosure made under Regulation 30 read with Clause 7 of Paragraph A of Part A of Schedule III of SEBI Listing Regulations and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated 30th January 2026
- Delay in Disclosure: Initial intimation dated 18 May 2026, followed by this disclosure dated 6 August 2026
Section B – Additional Observations or Disclosures
- Transition & Internal Role Reallocations: Mr. Bhatia committed to serving three months' notice period from 15 May 2026 to 15 August 2026 and ensuring smooth transition
- Successor Appointments: Ms. Sonali Sanas appointed as Chief Executive Officer — Paints Division effective 16 August 2026. She has been with the company for over 11 years and currently serves as Chief Legal Officer, Company Secretary, and Chief Human Resource Officer. She is a qualified Company Secretary, law graduate, and holds postgraduate degree in Financial Management with executive education from The Wharton School, IIM Raipur, and Indian School of Business. She has 26 years of diverse leadership experience across Cement, Steel, Media, and Family Office sectors, including previous roles at Ispat-Mittal Group, Hathway Cable & Datacom Limited, and Dainik Bhaskar Group.
Section C – Financial & Governance Disclosures
No financial results, auditor reports, dividends, capital changes, or additional board updates were disclosed in this document.