Asian Paints Ltd. Holds 80th AGM: Approves Financials, Dividend, Director Re-appointments, and Auditor Appointments
Asian Paints Limited held its 80th AGM on July 9, 2026. Shareholders approved financial statements for FY26 and a final dividend. Key appointments included re-appointment of directors Manish Choksi and Amrita Vakil. Milind Sarwate was re-appointed as Independent Director (Oct 21, 2026 - Oct 20, 2031), and Sudhir Sitapati was appointed as Independent Director (May 29, 2026 - May 28, 2031). Statutory and Cost Auditors were also approved.
The AGM's outcomes, including financial approvals, dividend declaration, and director appointments/re-appointments, are standard corporate governance events that have a moderate impact on the company's operational and strategic direction.
The announcement details the successful completion of the AGM with all resolutions passed, including financial approvals, dividend declaration, and director appointments, indicating smooth corporate governance.
Asian Paints Limited (ASIANPAINT) conducted its 80th Annual General Meeting (AGM) on Thursday, July 9, 2026, commencing at 11:00 a.m. IST and concluding at 12:57 p.m. IST, held virtually via video conference.
The meeting transacted several key businesses, including the adoption of audited standalone and consolidated financial statements for the financial year ended March 31, 2026, and the declaration of a final dividend on equity shares for the same period. All resolutions pertaining to these matters were passed with the requisite majority.
Furthermore, the shareholders approved the re-appointment of Mr. Manish Choksi and Ms. Amrita Vakil as Directors liable to retire by rotation. In a special business, Mr. Milind Sarwate was re-appointed as an Independent Director for a second term from October 21, 2026, to October 20, 2031. Additionally, Mr. Sudhir Sitapati was appointed as an Independent Director for a term of five consecutive years from May 29, 2026, to May 28, 2031. The appointment of S R B C & CO LLP as the Statutory Auditors and the ratification of remuneration for Joshi Apte & Associates as Cost Auditors for the financial year ending March 31, 2027, were also approved.
The AGM saw the participation of 158 shareholders (27 promoters and 131 public shareholders) through video conference. Voting was conducted through remote e-voting (July 5-8, 2026) and e-voting during the AGM. The voting results and the Scrutinizer's Report have been made available on the company's website and NSDL's website.
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