JSW Dulux Limited successfully concluded its postal ballot process on April 26, 2026, with shareholders approving several key resolutions. The company confirmed the appointments of Mr. Kaustubh Sudhakar Kulkarni and Ms. Sutapa Banerjee to its Board. Furthermore, members overwhelmingly backed the implementation of the ‘JSW Dulux Limited – Employee Stock Option Scheme 2026’, along with related funding provisions and expansions to the company’s Articles of Association.
Board Appointments Finalized
Following the conclusion of the postal ballot process, JSW Dulux Limited has officially appointed two new members to its leadership team. Mr. Kaustubh Sudhakar Kulkarni has been appointed as a Non-Executive Non-Independent Director. Additionally, Ms. Sutapa Banerjee has joined the Board as an Independent Director, further strengthening the company’s governance structure.
New Employee Stock Option Scheme
The company received strong shareholder support for the launch of the ‘JSW Dulux Limited – Employee Stock Option Scheme 2026’. This strategic initiative is designed to incentivize the workforce by providing long-term equity-based benefits. The approval includes the authority to grant options to eligible employees of both the holding company and its subsidiaries. To support this, shareholders also approved the provision of necessary funds for the trust to acquire the required shares.
Articles of Association Amendment
In addition to the personnel and incentive plans, shareholders passed a special resolution to amend the Articles of Association of the Company. This update aligns the company’s internal regulations with the new operational requirements following the implementation of the stock option framework and recent corporate changes. All resolutions were deemed passed by the requisite majority as of April 26, 2026.
Source: BSE
