
Corporate Governance29 May 2026, 09:41 pm
Asian Paints Reappoints Milind Sarwate as Independent Director
AI Summary
Asian Paints Ltd's Board of Directors, based on the recommendation of the Nomination and Remuneration Committee, have unanimously approved the re-appointment of Mr. Milind Sarwate as an Independent Director for a second term of five consecutive years, commencing from October 21, 2026, to October 20, 2031. This re-appointment is subject to the approval of the shareholders at the upcoming 80th Annual General Meeting. Mr. Sarwate meets the criteria for independence as prescribed under the Companies Act, 2013 and Listing Regulations.
Key Highlights
- Milind Sarwate re-appointed as Independent Director for a second 5-year term.
- Re-appointment effective from October 21, 2026, to October 20, 2031.
- Shareholder approval required at the 80th Annual General Meeting.
- Sarwate meets independence criteria as per Companies Act, 2013 and Listing Regulations.
- Sarwate is not related to any directors, key managerial personnel, or promoters of the company.
Price Impact
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