Date: 16th June 2026

KMP / Board / Auditor Changes

Not Specified

Dividend Declaration or Non-Declaration

Not Specified

Board Meeting Outcomes

Not Specified

Financial Results

Not Specified

Disinvestment / Strategic Actions

The document discloses a significant ownership change: AkzoNobel N.V. sold its entire 74.76% shareholding in Akzo Nobel India Limited through its subsidiaries Imperial Chemicals Industries Limited (50.46%) and Akzo Nobel Coatings International BV (24.30%). JSW Paints Limited acquired 61.20% through Open Offer and Off-market transactions closed on 10th December 2025, while the remaining 13.56% was sold to the public on stock exchanges, with the last transaction on 17th December 2025. The company name changed to JSW Dulux Limited effective 11th March 2026.

Other Operational / Legal / Strategic Disclosures

Corporate Overview

  • Corporate Identification Number (CIN): L24292WB1954PLC021516
  • Year of incorporation: 1954
  • Corporate address: JSW Centre, Bandra Kurla Complex, Bandra East, Mumbai - 400051
  • Paid-up Capital: ₹455,403,140
  • Reporting boundary: Consolidated basis
  • Assurance provider: Bureau Veritas (India) Pvt Ltd
  • Type of Assessment: Reasonable Assurance of BRSR as per SEBI circulars dated July 12, 2023, December 20, 2024, and January 30, 2026

Business Activities

  • Main activity: Manufacturing and supply of Paints, varnishes, enamels or lacquers (100% of turnover)
  • NIC Code: 20221
  • Number of locations: 9 national (5 plants, 4 offices), 1 international office
  • Markets served: 24 Indian states, 4 international countries
  • Export contribution: 4% of total turnover

Employee Statistics

  • Total employees: 1,156 (1,050 male, 106 female)
  • Total workers: 476 (468 male, 8 female)
  • Differently abled employees: 2 male
  • Board composition: 10 directors with 20% women representation (2 female)
  • Key Management Personnel: 3 with 0% women representation
  • Employee turnover rate: 21.04% for permanent employees, 1.12% for permanent workers

Subsidiary Information

  • Holding company: JSW Paints Limited (61.2% shares)
  • Subsidiary: ICI India Research & Technology Centre Private Limited (99.99% shares)

CSR Applicability

  • CSR applicable: Yes
  • Turnover: ₹35,992,000,000
  • Net worth: ₹23,930,000,000

Grievance Redressal (FY 2025-26)

  • Customer complaints: 2,061 filed, 679 pending
  • Shareholder complaints: 34 filed, 3 pending
  • Employee/worker complaints: 0 filed, 0 pending
  • Previous year customer complaints: 2,373 filed, 737 pending

Principle-wise Performance Highlights

Principle 1 (Ethical Conduct)
  • Training coverage: 100% for Board, KMPs, and employees; 48% for workers
  • Anti-corruption policy: Available at https://www.akzonobel.com/en/about-us/governance/policies---procedures/anti-bribery-and-corruption-policy
  • Accounts payable days: 130 days (current year), 151 days (previous year)
Principle 2 (Sustainable Products)
  • R&D investment in environmental/social improvements: 100%
  • Capex investment in environmental/social improvements: 40% (current), 56% (previous)
  • Sustainable sourcing: 67% of inputs sourced sustainably
  • Recycled plastic usage: 10% in containers
  • Product reclamation: 100% for Category I and II plastic
Principle 3 (Employee Well-being)
  • Health insurance coverage: 100% for all employees and workers
  • Retirement benefits: 100% coverage for PF and Gratuity
  • Training coverage: 100% for employees, 29% for workers
  • Safety performance: Zero lost-time injuries for employees, one recordable injury for workers
  • Total recordable injuries: 0 for employees, 1 for workers
  • Fatalities: Zero for both employees and workers
Principle 4 (Stakeholder Engagement)
  • Key stakeholder groups identified: Employees, Investors/Shareholders, Governments & Regulatory Authorities, Communities & Civil Society/NGOs
  • Engagement frequency: As and when required for most groups
Principle 5 (Human Rights)
  • Human rights training coverage: 100% for all employees and workers
  • Median remuneration: Board members ₹3.4-3.5 million, KMPs ₹10.96 million, other employees ₹1.05-1.22 million, workers ₹720,000
  • Female wages as % of total: 9.10% (current), 11.0% (previous)
  • POSH complaints: 0 filed in current year, 2 in previous year
Principle 6 (Environmental Protection)
  • Energy consumption: 43,944.39 GJ total (29.1% renewable)
  • Energy intensity: 0.00000122 GJ/₹ turnover
  • Water consumption: 113,725.34 KL
  • Water intensity: 0.00000316 KL/₹ turnover
  • GHG emissions: Scope 1 - 239.59 Ton CO2e, Scope 2 - 5,808.85 Ton CO2e
  • Air emissions: NOx - 0.40 Tonne, SOx - 0.62 Tonne, VOC - 52.84 Tonne
  • Waste management: 3,694.86 Tonne total generated, 3,154.83 Tonne recycled
  • Environmental compliance: Fully compliant with no penalties
Principle 7 (Policy Influence)
  • Industry affiliations: 6 trade associations including CII, Indian Paints Association, FIEO
Principle 8 (Inclusive Growth)
  • MSME sourcing: 27% of input material (current), 5% (previous)
  • Rural employment: 16% of wage cost (current), 27% (previous)
  • CSR beneficiaries: 7,157 in skill training, 5,500 in education, 22,109 in healthcare
Principle 9 (Consumer Responsibility)
  • Product information: 100% of products carry environmental/social information
  • Consumer complaints: 2,061 filed in current year, 679 pending
  • Data breaches: Zero instances
  • Cybersecurity policy: In place

Assurance and Compliance

  • Reasonable assurance obtained from Bureau Veritas (India) Pvt Ltd
  • Compliance with SEBI Circulars: SEBI/HO/CFD/CFD-SEC-2/P/CIR/2023/122 dated July 12, 2023, SEBI/HO/CFD/CFD-PoD-1/P/CIR/2024/177 dated December 20, 2024, and Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026