Asian Paints Limited announced that its shareholders have approved the appointment of Mr. Sudhir Sitapati as an Additional and Independent Director and the re-appointment of Mr. Milind Sarwate as an Independent Director. Both appointments are for a term of five years, commencing from their respective dates. This decision was ratified at the company’s 80th Annual General Meeting held on 9th July 2026.
Shareholders Ratify Director Appointments
Asian Paints Limited has confirmed that its shareholders, during the 80th Annual General Meeting held on 9th July 2026, have unanimously approved key appointments to the Board of Directors. These approvals, based on the recommendations of the Nomination and Remuneration Committee, ensure the continued strategic guidance and governance of the company.
New Independent Director Appointed
Mr. Sudhir Sitapati has been appointed as an Additional and Independent Director of the Company. His tenure will commence on 29th May 2026 and will extend for a period of five consecutive years, concluding on 28th May 2031. Mr. Sitapati brings a wealth of experience to the board.
Independent Director Re-appointed
Furthermore, Mr. Milind Sarwate has been re-appointed as an Independent Director for a second term. This new five-year term begins on 21st October 2026 and will end on 20th October 2031. Mr. Sarwate’s continued presence reinforces the board’s depth and expertise.
Director Profiles and Independence
Brief profiles of both Mr. Sudhir Sitapati and Mr. Milind Sarwate are provided as Annexure A. The company has confirmed that both directors meet the criteria of independence as prescribed by the Companies Act, 2013, and Listing Regulations. They have also affirmed that they have not been debarred from holding directorships and are not disqualified under Section 164 of the Companies Act, 2013. Importantly, neither director is related to any of the Company’s Directors, Key Managerial Personnel, or members of the Promoter Group.
Source: BSE
