Akzo Nobel India’s board has approved changing the company name to JSW Dulux Limited, pending approvals. A shareholder vote is scheduled for the name change and several key board appointments. Mr. Parth Sajjan Jindal will be appointed as a Non-Executive Non-Independent Director and Chairman. Mr. Shantanu Maharaj Khosla will be appointed as an Independent Director. Mr. Rajiv Rajgopal will transition to Joint Managing Director & Chief Executive Officer.
Company Name Change
The Board of Directors has approved a proposal to change the company’s name from Akzo Nobel India Limited to JSW Dulux Limited. The name change is contingent upon receiving name availability approval from the Ministry of Corporate Affairs and is subject to shareholder approval.
Board Appointments and Changes
Several key appointments and role changes within the Board of Directors have been approved, pending shareholder approval via postal ballot:
Mr. Parth Sajjan Jindal has been appointed as a Non-Executive Non-Independent Director and the Chairman of the Board.
Mr. Shantanu Maharaj Khosla has been appointed as an Independent Director.
Mr. Rajiv Rajgopal will transition from Chairman and Managing Director to Joint Managing Director & Chief Executive Officer.
Shareholder Approval
The company will seek shareholder approval for the name change and board appointments via postal ballot. Details regarding the e-voting process and explanatory statements will be provided in due course.
Source: BSE
