Asian Paints shareholders have approved the appointment of Mr. Leo Puri as an Independent Director of the Company through a postal ballot. This appointment is effective from September 7, 2026, for a term of five years, concluding on September 6, 2031. Mr. Puri will also assume the role of Chairman of the Board starting January 23, 2027, following the completion of Mr. R. Seshasayee’s term.
Shareholder Approval for Key Appointment
Asian Paints Limited announced today that its shareholders have overwhelmingly approved the appointment of Mr. Leo Puri as an Independent Director. The approval was secured via a postal ballot, with the special resolution deemed passed on Friday, November 6, 2026, which was the final date for remote e-voting.
Director’s Term and Future Role
Mr. Puri’s appointment as an Additional and Independent Director is effective from September 7, 2026, and will span a period of five consecutive years, ending on September 6, 2031. This decision follows the recommendation of the Nomination and Remuneration Committee and the unanimous approval of the Board of Directors. Furthermore, Mr. Puri is slated to assume the significant responsibility of Chairman of the Board, commencing on January 23, 2027. This transition occurs as the term of the current Chairman, Mr. R. Seshasayee, concludes on January 22, 2027.
Confirmation of Independence and Eligibility
The company has confirmed that Mr. Leo Puri meets all criteria for independence as stipulated by the Companies Act, 2013, and the Listing Regulations. He has not been debarred from holding a directorial position by any authority and is not disqualified under Section 164 of the Act. Mr. Puri is also not related to any existing Directors, Key Managerial Personnel, or members of the Promoter group, reinforcing his independent standing.
The profile of Mr. Puri was previously disclosed on September 7, 2026, and is available on the company’s website.
Source: BSE
