JSW Dulux Limited Response to NSE Query
JSW Dulux Limited has provided a formal clarification to the National Stock Exchange of India Ltd. (NSE) in response to a surveillance query regarding a news item. The company confirms its complete separation from the Akzo Nobel group and states it has no connection to the reported $8.6 billion offer.
Date and Nature of Query
- Date of Communication: 14th July 2026
- Query Source: Letter from The Listing Department, National Stock Exchange of India Ltd. (Ref. No.: NSE/CM/Surveillance/17256; dated 13th July 2026)
- Nature of Query: The NSE sought clarification/confirmation on a news item appearing on www.economictimes.indiatimes.com dated July 13, 2026. The news was captioned "Akzo Nobel rejects Nippons $8.6 billion offer for paint business". The query was addressed by Mr. Amit Shinde, Chief Manager, Surveillance.
Company’s Clarification
- The company refers to its prior disclosures to the Stock Exchanges made on 10th December 2025.
- These disclosures pertained to the acquisition of the erstwhile promoters' shareholding. The promoters were identified as Imperial Chemical Industries Ltd. and Akzo Nobel Coatings International BV (both subsidiaries of Akzo Nobel NV).
- The acquisition was made by JSW Paints Limited.
- Consequently, there was a change in promoters of the company (then Akzo Nobel India Limited) from the Akzo Nobel entities to JSW Paints Limited, effective 10th December 2025.
- The company emphasizes that as a result of this transaction, it is no longer part of Akzo Nobel NV or any AkzoNobel group entities across the world.
- Therefore, the company states it cannot comment on the captioned news item as it does not pertain to them, given they have been part of the JSW Group since 10th December 2025.