Event Overview

The 80th Annual General Meeting (AGM) of Asian Paints Limited was held on Thursday, 9th July 2026 at 11:00 a.m. IST through video conference. The meeting concluded at 12:57 p.m. IST.

Meeting Attendance

  • Total shareholders present through video conference: 158
  • Promoter and Promoter Group: 27 shareholders
  • Public shareholders: 131 shareholders
  • All Directors of the Company attended the AGM
  • Chairperson of Audit Committee, Nomination and Remuneration Committee, and Stakeholders Relationship Committee were present
  • Statutory, Secretarial, and Cost Auditors or their representatives were present

Business Transacted

The following eight resolutions were presented and approved at the AGM:

Ordinary Business

1. Adoption of Financial Statements: Approval of audited standalone and consolidated financial statements for the financial year ended 31st March 2026 together with reports of Board of Directors and Auditors

2. Declaration of Final Dividend: Approval of final dividend on equity shares for the financial year ended 31st March 2026

3. Re-appointment of Director: Re-appointment of Mr. Manish Choksi (DIN: 00026496) as Director liable to retire by rotation

4. Re-appointment of Director: Re-appointment of Ms. Amrita Vakil (DIN: 00170725) as Director liable to retire by rotation

5. Appointment of Statutory Auditors: Appointment of S R B C & CO LLP, Chartered Accountants (Firm Registration No.: 324982E/E300003) as Statutory Auditors

Special Business

6. Ratification of Cost Auditors Remuneration: Ratification of remuneration payable to Joshi Apte & Associates, Cost Accountants (Firm Registration No.: 000240) for the financial year ending 31st March 2027

7. Re-appointment of Independent Director: Re-appointment of Mr. Milind Sarwate (DIN: 00109854) as Independent Director for a second term of five consecutive years from 21st October 2026 to 20th October 2031

8. Appointment of Independent Director: Appointment of Mr. Sudhir Sitapati (DIN: 09197063) as Independent Director for a term of five consecutive years from 29th May 2026 to 28th May 2031

Voting Results Details

Resolution 1: Adoption of Financial Statements

  • Total votes polled: 78,52,62,943 shares (81.8666% of outstanding shares)
  • Votes in favor: 78,52,42,546 shares (99.9974%)
  • Votes against: 20,397 shares (0.0026%)

Resolution 2: Declaration of Final Dividend

  • Total votes polled: 78,53,88,097 shares (81.8797% of outstanding shares)
  • Votes in favor: 78,53,67,953 shares (99.9974%)
  • Votes against: 20,144 shares (0.0026%)

Resolution 3: Re-appointment of Mr. Manish Choksi

  • Total votes polled: 78,53,57,636 shares (81.8765% of outstanding shares)
  • Votes in favor: 77,65,82,591 shares (98.8827%)
  • Votes against: 87,75,045 shares (1.1173%)

Resolution 4: Re-appointment of Ms. Amrita Vakil

  • Total votes polled: 78,53,57,833 shares (81.8765% of outstanding shares)
  • Votes in favor: 78,35,48,256 shares (99.7696%)
  • Votes against: 18,09,577 shares (0.2304%)

Resolution 5: Appointment of Statutory Auditors

  • Total votes polled: 78,53,57,627 shares (81.8765% of outstanding shares)
  • Votes in favor: 78,48,37,535 shares (99.9338%)
  • Votes against: 5,20,092 shares (0.0662%)

Resolution 6: Ratification of Cost Auditors Remuneration

  • Total votes polled: 78,53,57,882 shares (81.8765% of outstanding shares)
  • Votes in favor: 78,48,37,535 shares (99.9338%)
  • Votes against: 5,20,092 shares (0.0662%)

Resolution 7: Re-appointment of Mr. Milind Sarwate (Special Resolution)

  • Total votes polled: 78,53,57,587 shares (81.8765% of outstanding shares)
  • Votes in favor: 77,35,58,998 shares (98.4977%)
  • Votes against: 1,17,98,589 shares (1.5023%)

Resolution 8: Appointment of Mr. Sudhir Sitapati (Special Resolution)

  • Total votes polled: 78,53,57,585 shares (81.8765% of outstanding shares)
  • Votes in favor: 78,34,55,704 shares (99.7578%)
  • Votes against: 19,01,881 shares (0.2422%)

Shareholding Pattern

  • Total outstanding shares: 95,91,97,790
  • Promoter and Promoter Group holding: 50,47,85,198 shares (52.63%)
  • Public Institutions holding: 32,72,51,242 shares (34.11%)
  • Public Non-Institutions holding: 12,71,61,350 shares (13.26%)

Scrutinizer Appointment

Mr. Makarand Joshi (Membership No.: 5533, CP No.: 3662), Partner, Makarand M. Joshi & Co., Practicing Company Secretaries, was appointed as Scrutinizer for scrutiny of votes.

Voting Process

  • Remote e-Voting period: 5th July 2026 (9:00 a.m. IST) to 8th July 2026 (5:00 p.m. IST)
  • e-Voting during AGM: 9th July 2026
  • Voting facility provided by National Securities Depository Limited (NSDL)

Additional Information

  • Voting rights on shares transferred to 'Unclaimed Suspense Account', 'Investor Education and Protection Fund' and shares held by 'Asian Paints Employees Stock Ownership Trust' are frozen
  • Voting rights of Foreign Portfolio Investors who haven't submitted additional disclosures as per SEBI Master Circular dated 30th May 2024 were restricted
  • No invalid votes were cast on any resolutions
  • The voting results and Scrutinizer's Report are displayed on the company's notice board and available on www.asianpaints.com and www.evoting.nsdl.com