Akzo Nobel India Limited has announced the successful passing of all four resolutions proposed through the recent postal ballot, concluding on March 2, 2026. The resolutions, which included appointments to the Board and a proposed name change to JSW Dulux Limited, received overwhelming approval from shareholders. The results, scrutinized by an independent practicing company secretary, confirm the requisite majority was achieved for all special and ordinary business items.
Completion of Shareholder Voting Process
Akzo Nobel India Limited has officially intimated the outcome of its postal ballot process, which concluded on Monday, March 2, 2026. All proposed resolutions detailed in the notice dated January 28, 2026, have been passed by the requisite majority of the members.
Voting Summary Highlights
The voting results, tabulated across four distinct resolutions, show substantial support from shareholders across Promoters, Public Institutions, and Public Non-Institutions categories. The e-voting period was open from February 1, 2026, to March 2, 2026.
Resolution 1: Appointment of Director (Ordinary Resolution)
The appointment of Mr. Parth Sajjan Jindal as a Non-Executive Non-Independent Director and Chairman was approved. Out of the total valid votes polled, 98.6453% were in favour, with only 1.3547% voting against.
Resolution 2: Appointment of Independent Director (Special Resolution)
The appointment of Mr. Shantanu Maharaj Khosla as an Independent Director secured massive approval. Votes in favour reached 99.9935%, with a negligible 0.0065% cast against the resolution.
Resolution 3: Change in Designation (Special Resolution)
The approval for the change in designation of Mr. Rajiv Rajgopal from Chairman and Managing Director to Joint Managing Director & Chief Executive Officer passed with 99.9936% of votes in favour.
Resolution 4: Name Change Approval (Special Resolution)
The proposal to change the company name to JSW Dulux Limited and consequently alter the Memorandum and Articles of Association garnered strong support, with 99.9953% voting in favour.
Overall Results Confirmation
The total number of shareholders on the cut-off date of January 23, 2026, was 51,641. Across all resolutions, the aggregated results across all categories show that the votes cast ‘in favour’ constituted approximately 98.6453% to 99.9953% of the total valid votes polled, confirming the successful adoption of all proposed actions.
Scrutinizer Details
The voting process was scrutinized by M/s. A. K. Labh & Co., with the final report dated March 3, 2026. The results were made public following the unblocking of the e-voting data in the presence of two witnesses.
Source: BSE
