Kansai Nerolac Paints logo

Kansai Nerolac Paints CEO, chairman, board of directors and AGM

NSE: KANSAINERBSE: 500165Consumer DurablesSmall Cap

Kansai Nerolac Paints Limited · Formerly Goodlass Nerolac Paints · Face value ₹1 · Listed Sep 1968 on BSE, Sep 2003 on NSE
Last close ₹176.28down ₹2.78 (1.55%)BSE ₹176.45

Share price at the NSE close on 30 Oct 2026. Previous close ₹179.06.

30 Oct: open ₹179.00, high ₹179.04, low ₹175.51

52-week range of traded prices to 30 Oct 2026
₹157.91Low, 23 Mar 2026₹264.00High, 24 Dec 2025
Market cap
₹14,258 Cr388th largest listed
P/E
23.76
P/E without one-offs
21.50
P/B
2.12
Dividend yield
1.42%
ROE
9.1%
ROE without one-offs
10.1%
ROCE
11.3%
Debt to equity
0.01
Volume, NSE
90,32148.6% delivered

Kansai Nerolac Paints' chairperson is Bhaskar Bhat and its managing director and CEO Pravin Chaudhari, as filed for the quarter to Sep 2026. Its latest annual general meeting was on 9 Jul 2026.

Kansai Nerolac Paints board of directors

At the end of the quarter to Sep 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

  • ChairpersonBhaskar Bhat
  • Managing director and CEOPravin Chaudhari
  • Company Secretary and Compliance OfficerG. T. Govindarajan

6 directors3 independent1 executive2 non-executive

  • Bhaskar Bhat · ChairpersonIndependent · joined Aug 2022 · reappointed Aug 2022 · 49 months as independent · 3 listed boards · 3 as independent · 4 committee seats, 1 as chair
  • Sonia SinghIndependent · joined Jul 2019 · reappointed Jul 2022 · 86 months as independent · 5 listed boards · 5 as independent · 5 committee seats, 2 as chair
  • T. TomiokaNon-executive · joined May 2020 · reappointed Jul 2026 · 1 listed board
  • Pravin Chaudhari · Managing director and CEOExecutive · joined Jun 2023 · reappointed Apr 2025 · 1 listed board · 1 committee seat
  • Uday BhansaliIndependent · joined Nov 2024 · reappointed Nov 2024 · 22 months as independent · 2 listed boards · 2 as independent · 2 committee seats, 1 as chair
  • Gen YokotaNon-executive · joined May 2025 · reappointed May 2025 · 1 listed board

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

4 directors who left
  • Hirokazu Kotera, left 31 Mar 2026: Others
  • H. Nishibayashi, left 30 Jun 2025: Others
  • Anuj Jain, left 31 Mar 2025: Others
  • Pradip Shah, left 29 Jan 2025: Tenure Completion

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 3 Aug 20266 of 6 present3 independent · 88 days in between
    • 6 May 20266 of 6 present3 independent

  • Audit Committee

    Chair Uday Bhansali

    Sonia Singh, Bhaskar Bhat

    • 3 Aug 20263 of 3 present3 independent · 88 days in between
    • 6 May 20263 of 3 present3 independent

  • Nomination and remuneration committee

    Chair Uday Bhansali

    Bhaskar Bhat, Sonia Singh, T. Tomioka

    No meeting listed in the filing.

  • Stakeholders Relationship Committee

    Chair Sonia Singh

    Bhaskar Bhat, Pravin Chaudhari

    No meeting listed in the filing.

  • Risk Management Committee

    Chair Sonia Singh

    Uday Bhansali, Pravin Chaudhari, Jason Simon Gonsalves, Yash Ahuja

    • 10 Sep 20265 of 5 present2 independent · 193 days in between
    • 28 Feb 20265 of 5 present2 independent

  • Corporate Social Responsibility Committee

    Chair Sonia Singh

    Bhaskar Bhat, Pravin Chaudhari

    No meeting listed in the filing.

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Mar 2026.

  • S R B C & CO LLPPeer-review certificate valid to Feb 2029

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

Kansai Nerolac Paints AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Kansai Nerolac Paints dividend history

Annual general meeting, 9 Jul 2026

1,49,460 shareholders on the register on 2 Jul 2026; present: 1 promoter and 97 others; votes counted by J. H. Ranade / JHR & Assosiates.The company's voting result

  1. 1- Adoption of audited financial statements (including the consolidated financial statements) of the Company for the year ended 31st March, 2026 and the Reports of the Board of Directors and the Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.21%

    Turnout: all 86.55% · promoters 100.00% · institutions 72.33% · other public 0.87%

  2. 2 - Declaration of dividend of Rs. 2.50 (250%) per Equity Share of the nominal value of Re. 1 each for the year ended 31st March, 2026.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.21%

    Turnout: all 86.55% · promoters 100.00% · institutions 72.36% · other public 0.87%

  3. 3 - Appointment of a Director in place of Mr. Takashi Tomioka, Non-Executive Director (holding Director Identification Number 08736654), who retires by rotation and being eligible, offers himself for re-appointment.MoreLess
    OrdinaryPromoters have an interest in it
    99.79% for0.21% against

    Against: promoters 0.00% · institutions 1.57% · other public 0.26%

    Turnout: all 86.55% · promoters 100.00% · institutions 72.36% · other public 0.87%

  4. 4 - Ratification of remuneration of the Cost Auditor, D. C. Dave & Co., Cost Accountants (Firm Registration No. 000611), for the financial year ending 31st March, 2027, as recommended by the Audit Committee and approved by the Board of Directors.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.24%

    Turnout: all 86.55% · promoters 100.00% · institutions 72.36% · other public 0.87%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Meeting called by the tribunal, 27 Feb 2026, 1 resolution

1,54,685 shareholders on the register on 20 Feb 2026; present: 1 promoter and 53 others; votes counted by J. H. Ranade / JHR & Associates.The company's voting result

  1. Approval for Scheme of Amalgamation of Nerofix Private Limited (Transferor Company) with Kansai Nerolac paints Limited (Transferee Company) under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013.MoreLess
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.19%

    Turnout: all 86.49% · promoters 100.00% · institutions 73.93% · other public 0.59%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 30 Jun 2025, 7 resolutions

1,60,166 shareholders on the register on 23 Jun 2025; present: 1 promoter and 91 others; votes counted by J. H. Ranade / JHR & Assosiates.The company's voting result

  1. 1 - Adoption of audited financial statements (including the consolidated financial statements) of the Company for the year ended 31st March, 2025 and the Reports of the Board of Directors and the Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.04%

    Turnout: all 87.23% · promoters 100.00% · institutions 78.30% · other public 0.39%

  2. 2 - Declaration of dividend of Rs. 3.75 which includes special dividend of Rs. 1.25 per Equity Share of the nominal value of Re. 1 each for the year ended 31st March, 2025.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.04%

    Turnout: all 87.23% · promoters 100.00% · institutions 78.33% · other public 0.39%

  3. 3 - Retirement of Mr. Hitoshi Nishibayashi, Non-Executive Director (holding Director Identification Number 03169150), who retires by rotation at this Annual General Meeting and does not offer himself for re-appointment.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.05%

    Turnout: all 87.23% · promoters 100.00% · institutions 78.33% · other public 0.39%

  4. 4 - Appointment of a Director in place of Mr. Takashi Tomioka, Non-Executive Director (holding Director Identification Number 08736654), who retires by rotation and being eligible, offers himself for re-appointment.MoreLess
    OrdinaryPromoters have an interest in it
    99.79% for0.21% against

    Against: promoters 0.00% · institutions 1.49% · other public 0.16%

    Turnout: all 87.23% · promoters 100.00% · institutions 78.33% · other public 0.39%

  5. 5 - Ratification of remuneration of the Cost Auditor, D. C. Dave and Co., Cost Accountants (Firm Registration No. 000611), for the financial year ending 31st March, 2026, as recommended by the Audit Committee and approved by the Board of Directors.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.12%

    Turnout: all 87.23% · promoters 100.00% · institutions 78.33% · other public 0.39%

  6. 6 - Appointment of JHR and Associates, Company Secretaries in Practice (Firm registration no.P2015MH059200), as the Secretarial Auditor of the Company, for a term of five consecutive years commencing from 1st April, 2025 to 31st March, 2030, on such terms and conditions, including remuneration as may be approved by the Board, from time to time.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.12%

    Turnout: all 87.23% · promoters 100.00% · institutions 78.33% · other public 0.39%

  7. 7 - Appointment of Mr. Gen Yokota (holding Director Identification Number 11084786) as a Non-Executive Director of the Company with effect from 6th May, 2025, liable to retire by rotation.
    OrdinaryPromoters have an interest in it
    99.79% for0.21% against

    Against: promoters 0.00% · institutions 1.51% · other public 0.10%

    Turnout: all 87.23% · promoters 100.00% · institutions 78.33% · other public 0.39%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 18 Apr 2025, 2 resolutions

1,67,810 shareholders on the register on 14 Mar 2025; votes counted by Sohan J. Ranade / JHR & Associates.The company's voting result

  1. Payment of (1) compensation in the form of special gratuity on his retirement as the Managing Director and (2) non-compete, non-solicitation and non-poaching fee, to Mr. Anuj Jain.
    Ordinary
    99.47% for0.53% against

    Against: promoters 0.00% · institutions 3.79% · other public 10.15%

    Turnout: all 86.89% · promoters 100.00% · institutions 76.81% · other public 1.12%

  2. Appointment of Mr. Pravin Digambar Chaudhari (holding Director Identification Number 02171823) as the Managing Director of the Company, not liable to retire by rotation, for a period of 3 (three) years commencing from 1st April, 2025 upto and ending on 31st March, 2028 (both days inclusive).MoreLess
    OrdinaryPromoters have an interest in it
    99.69% for0.31% against

    Against: promoters 0.00% · institutions 3.13% · other public 1.13%

    Turnout: all 83.28% · promoters 100.00% · institutions 53.46% · other public 0.83%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 8 Jan 2025, 1 resolution

1,54,119 shareholders on the register on 29 Nov 2024; votes counted by Sohan J. Ranade / JHR & Associates.The company's voting result

  1. Appointment of Mr.Uday Shirish Bhansali (holding Director Identification Number 00363902) as an Independent Director of the Company, not liable to retire by rotation, for a term of 5 years commencing from 6th November, 2024 and ending on 5th November, 2029 (both days inclusive).MoreLess
    Special
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.10% · other public 0.52%

    Turnout: all 87.78% · promoters 100.00% · institutions 78.82% · other public 3.29%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 26 Sep 2024, 1 resolution
  1. Appointment of Mr. Hirokazu Kotera (holding Director Identification Number 10707431) as a Whole-time Director designated as the Executive Director of the Company, for a period of 3 years commencing from 1st August, 2024 and ending on 31st July, 2027, liable to retire by rotation.MoreLess
    OrdinaryPromoters have an interest in it
    96.15% for3.85% against

    Against: promoters 0.00% · institutions 27.73% · other public 0.36%

    Turnout: all 87.45% · promoters 100.00% · institutions 77.11% · other public 3.52%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 28 Jun 2024, 5 resolutions

Present: 1 promoter and 77 others.

  1. Adoption of audited financial statements (including the consolidated financial statements) of the Company for the year ended 31st March, 2024 and the Reports of the Board of Directors and the Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.34%

    Turnout: all 87.53% · promoters 100.00% · institutions 78.20% · other public 0.38%

  2. Declaration of dividend of Rs.3.75 (375%) which includes special dividend of Rs.1.25 (125%) per Equity Share of the nominal value of Re.1 each for the year ended 31st March, 2024.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.11%

    Turnout: all 87.53% · promoters 100.00% · institutions 78.20% · other public 0.38%

  3. Appointment of a Director in place of Mr. Takashi Tomioka, Non-Executive Director (holding Director Identification Number 08736654), who retires by rotation and being eligible, offers himself for re-appointment.MoreLess
    OrdinaryPromoters have an interest in it
    97.50% for2.50% against

    Against: promoters 0.00% · institutions 17.48% · other public 2.07%

    Turnout: all 87.53% · promoters 100.00% · institutions 78.20% · other public 0.37%

  4. Re-appointment of S R B C & CO LLP, Chartered Accountants (Firm Registration No. 324982E/E300003), as Statutory Auditors of the Company, to hold office for a second term of 5 (five) consecutive years from the conclusion of the 104th Annual General Meeting of the Company until the conclusion of the 109th Annual General Meeting of the Company, on such terms and conditions including remuneration, as may be recommended by the Audit Committee and approved by the Board of Directors, from time to time.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.31%

    Turnout: all 87.53% · promoters 100.00% · institutions 78.20% · other public 0.38%

  5. Ratification of remuneration of the Cost Auditor, D. C. Dave & Co., Cost Accountants (Firm Registration No. 000611), for the financial year ending n31st March, 2025, as recommended by the Audit Committee and approved by the Board of Directors.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.54%

    Turnout: all 87.53% · promoters 100.00% · institutions 78.20% · other public 0.38%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 26 Jun 2023, 5 resolutions

Present: 1 promoter and 68 others.

  1. Adoption of audited financial statements (including the consolidated financial statements) of the Company for the year ended 31st March, 2023 and the Reports of the Board of Directors and the Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 87.92% · promoters 100.00% · institutions 78.02% · other public 0.45%

  2. Declaration of dividend of Rs. 2.70 (270%) per Equity Share of the nominal value of Re. 1 each for the year ended 31st March, 2023.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.15%

    Turnout: all 87.92% · promoters 100.00% · institutions 78.02% · other public 0.45%

  3. Appointment of a Director in place of Mr. Hitoshi Nishibayashi, Non-Executive Director (holding Director Identification Number 03169150), who retires by rotation and being eligible, offers himself for reappointment.MoreLess
    OrdinaryPromoters have an interest in it
    98.63% for1.37% against

    Against: promoters 0.00% · institutions 9.36% · other public 1.14%

    Turnout: all 87.92% · promoters 100.00% · institutions 78.02% · other public 0.45%

  4. Ratification of remuneration of the Cost Auditor, D. C. Dave & Co., Cost Accountants (Firm Registration No. 000611), for the financial year ending 31st March, 2024, as recommended by the Audit Committee and approved by the Board of Directors.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.40%

    Turnout: all 87.92% · promoters 100.00% · institutions 78.02% · other public 0.45%

  5. Appointment of Mr. Pravin Digambar Chaudhari (holding Director Identification Number 02171823), as a Non-Executive Director with effect from 26th June, 2023, liable to retire by rotation, in the casual vacancy that is being caused by the resignation of Mr. Shigeki Takahara (holding Director Identification Number 08736626).MoreLess
    OrdinaryPromoters have an interest in it
    99.40% for0.60% against

    Against: promoters 0.00% · institutions 4.09% · other public 1.62%

    Turnout: all 87.92% · promoters 100.00% · institutions 78.02% · other public 0.45%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

How mutual funds voted

Fund houses must disclose how they vote at every meeting of a company they hold.Funds that hold it

Mutual fund votes, meeting of 9 Jul 2026, 13 fund houses

  • 1- Adoption of audited financial statements (including the consolidated financial statements) of the Company for the year ended 31st March, 2026 and the Reports of the Board of Directors and the Auditors thereon.MoreLess
    13 for0 against
  • 2 - Declaration of dividend of Rs. 2.50 (250%) per Equity Share of the nominal value of Re. 1 each for the year ended 31st March, 2026.
    13 for0 against
  • 3 - Appointment of a Director in place of Mr. Takashi Tomioka, Non-Executive Director (holding Director Identification Number 08736654), who retires by rotation and being eligible, offers himself for re-appointment.MoreLess
    13 for0 against
  • 4 - Ratification of remuneration of the Cost Auditor, D. C. Dave & Co., Cost Accountants (Firm Registration No. 000611), for the financial year ending 31st March, 2027, as recommended by the Audit Committee and approved by the Board of Directors.MoreLess
    13 for0 against

Mutual fund votes, meeting of 27 Feb 2026, 10 fund houses

  • Approval for Scheme of Amalgamation of Nerofix Private Limited (Transferor Company) with Kansai Nerolac paints Limited (Transferee Company) under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013.MoreLess
    10 for0 against

Mutual fund votes, meeting of 30 Jun 2025, 16 fund houses

7 proposals
  • 1 - Adoption of audited financial statements (including the consolidated financial statements) of the Company for the year ended 31st March, 2025 and the Reports of the Board of Directors and the Auditors thereon.MoreLess
    16 for0 against
  • 2 - Declaration of dividend of Rs. 3.75 which includes special dividend of Rs. 1.25 per Equity Share of the nominal value of Re. 1 each for the year ended 31st March, 2025.
    16 for0 against
  • 3 - Retirement of Mr. Hitoshi Nishibayashi, Non-Executive Director (holding Director Identification Number 03169150), who retires by rotation at this Annual General Meeting and does not offer himself for re-appointment.MoreLess
    16 for0 against
  • 4 - Appointment of a Director in place of Mr. Takashi Tomioka, Non-Executive Director (holding Director Identification Number 08736654), who retires by rotation and being eligible, offers himself for re-appointment.MoreLess
    16 for0 against
  • 5 - Ratification of remuneration of the Cost Auditor, D. C. Dave and Co., Cost Accountants (Firm Registration No. 000611), for the financial year ending 31st March, 2026, as recommended by the Audit Committee and approved by the Board of Directors.MoreLess
    16 for0 against
  • 6 - Appointment of JHR and Associates, Company Secretaries in Practice (Firm registration no.P2015MH059200), as the Secretarial Auditor of the Company, for a term of five consecutive years commencing from 1st April, 2025 to 31st March, 2030, on such terms and conditions, including remuneration as may be approved by the Board, from time to time.MoreLess
    16 for0 against
  • 7 - Appointment of Mr. Gen Yokota (holding Director Identification Number 11084786) as a Non-Executive Director of the Company with effect from 6th May, 2025, liable to retire by rotation.
    16 for0 against

Mutual fund votes, meeting of 18 Apr 2025, 16 fund houses

2 proposals
  • Payment of (1) compensation in the form of special gratuity on his retirement as the Managing Director and (2) non-compete, non-solicitation and non-poaching fee, to Mr. Anuj Jain.
    16 for0 against
  • Appointment of Mr. Pravin Digambar Chaudhari (holding Director Identification Number 02171823) as the Managing Director of the Company, not liable to retire by rotation, for a period of 3 (three) years commencing from 1st April, 2025 upto and ending on 31st March, 2028 (both days inclusive).MoreLess
    Against Axis Mutual Fund, Canara Robeco Mutual Fund, Mirae Asset Mutual Fund, Navi Mutual Fund, SBI Mutual Fund
    • Axis Mutual Fund, Canara Robeco Mutual Fund, Navi Mutual Fund, SBI Mutual FundPravin Digambar Chaudhari, 56, has over 30 years of experience in B2C and B2B businesses. The board proposes to appoint him as Managing Director from 1 April 2025. Prior to this, he was the Executive Officer, Head of India business and Deputy Chief of R&D/Procurement Unit, at Kansai Paint Co., Ltd, the promoter company. We estimate his annual remuneration at Rs. 54.7 mn, excluding RSUs. The company has capped his variable pay for the first year of his proposed term: we expect the company to provide an absolute cap on the variable pay for his entire tenure. As per his remuneration terms, he is eligible for RSUs. However, there is no clarity on the quantum of RSUs that will be granted to him. Thus, we are unable to estimate of his overall remuneration. We expect the company to disclose the quantum of RSUs proposed to be granted over the tenure. Further, there are no granular details regarding the performance metrics that will determine his variable pay. Given the lack of clarity on the quantum of RSUs proposed to be granted over the tenure, we are unable to support the resolution.
    • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
    11 for5 against

Mutual fund votes, meeting of 8 Jan 2025, 15 fund houses

1 proposal
  • Appointment of Mr.Uday Shirish Bhansali (holding Director Identification Number 00363902) as an Independent Director of the Company, not liable to retire by rotation, for a term of 5 years commencing from 6th November, 2024 and ending on 5th November, 2029 (both days inclusive).MoreLess
    15 for0 against

Mutual fund votes, meeting of 26 Sep 2024, 17 fund houses

1 proposal
  • Appointment of Mr. Hirokazu Kotera (holding Director Identification Number 10707431) as a Whole-time Director designated as the Executive Director of the Company, for a period of 3 years commencing from 1st August, 2024 and ending on 31st July, 2027, liable to retire by rotation.MoreLess
    Against Axis Mutual Fund, DSP Mutual Fund, Mirae Asset Mutual Fund
    • Axis Mutual Fund, DSP Mutual FundHirokazu Kotera, 42, is Vice President – Decorative Marketing and Special Projects at Kansai Nerolac Paints Limited, where he was seconded to, in October 2022. He has been with Kansai Paint Co., Ltd., Japan since 2017 and has experience in corporate planning and international business units in Kansai Paint Japan. He is also involved in the multi-national projects in South-East Asia, Russia, (South and East) Africa. He started his career as a sales executive in Nestle Japan and having expertise in marketing, he had worked in international companies such as Nestle Japan and Nissin Foods, where he had acted as brand manager and marketing manager. We cannot reliably estimate his annual remuneration. The company has disclosed that he will receive a lumpsum salary of Rs. 6.7 mn, however, the increments and variable pay will be at the discretion of the Nomination and Remuneration Committee and subject to regulatory limits. Further, it is unclear if the stock options/RSUs will form part of his compensation structure. We expect the company to make granular disclosures with respect to his variable pay and eligibility to receive stock options/RSUs. The company must also clarify if he receives any remuneration from the Japanese parent. While we support his appointment, in the absence of information, we are unable to support his remuneration structure. We do not support this resolution.
    • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
    14 for3 against

Mutual fund votes, meeting of 28 Jun 2024, 16 fund houses

6 proposals

Each resolution counts the houses whose vote was matched to it; the rest are listed last.

  • Adoption of audited financial statements (including the consolidated financial statements) of the Company for the year ended 31st March, 2024 and the Reports of the Board of Directors and the Auditors thereon.MoreLess
    16 for0 against
  • Declaration of dividend of Rs.3.75 (375%) which includes special dividend of Rs.1.25 (125%) per Equity Share of the nominal value of Re.1 each for the year ended 31st March, 2024.
    15 for0 against
  • Appointment of a Director in place of Mr. Takashi Tomioka, Non-Executive Director (holding Director Identification Number 08736654), who retires by rotation and being eligible, offers himself for re-appointment.MoreLess
    Against Franklin Templeton Mutual Fund
    • Franklin Templeton Mutual FundA vote AGAINST Takashi Tomioka is warranted because the board independence norms are not met and he is a non-independent director nominee.
    15 for1 against
  • Re-appointment of S R B C & CO LLP, Chartered Accountants (Firm Registration No. 324982E/E300003), as Statutory Auditors of the Company, to hold office for a second term of 5 (five) consecutive years from the conclusion of the 104th Annual General Meeting of the Company until the conclusion of the 109th Annual General Meeting of the Company, on such terms and conditions including remuneration, as may be recommended by the Audit Committee and approved by the Board of Directors, from time to time.MoreLess
    16 for0 against
  • Ratification of remuneration of the Cost Auditor, D. C. Dave & Co., Cost Accountants (Firm Registration No. 000611), for the financial year ending n31st March, 2025, as recommended by the Audit Committee and approved by the Board of Directors.MoreLess
    16 for0 against
1 proposal not matched to one resolution
  • Approve Dividend and Confirm Special Dividend
    1 for0 against

Mutual fund votes, meeting of 26 Jun 2023, 13 fund houses

10 proposals

Each resolution counts the houses whose vote was matched to it; the rest are listed last.

  • Adoption of audited financial statements (including the consolidated financial statements) of the Company for the year ended 31st March, 2023 and the Reports of the Board of Directors and the Auditors thereon.MoreLess
    12 for0 against
  • Declaration of dividend of Rs. 2.70 (270%) per Equity Share of the nominal value of Re. 1 each for the year ended 31st March, 2023.
    12 for0 against
  • Appointment of a Director in place of Mr. Hitoshi Nishibayashi, Non-Executive Director (holding Director Identification Number 03169150), who retires by rotation and being eligible, offers himself for reappointment.MoreLess
    12 for0 against
  • Ratification of remuneration of the Cost Auditor, D. C. Dave & Co., Cost Accountants (Firm Registration No. 000611), for the financial year ending 31st March, 2024, as recommended by the Audit Committee and approved by the Board of Directors.MoreLess
    12 for0 against
  • Appointment of Mr. Pravin Digambar Chaudhari (holding Director Identification Number 02171823), as a Non-Executive Director with effect from 26th June, 2023, liable to retire by rotation, in the casual vacancy that is being caused by the resignation of Mr. Shigeki Takahara (holding Director Identification Number 08736626).MoreLess
    12 for0 against
5 proposals not matched to one resolution
  • Item 1, as a fund house numbered it
    1 for0 against
  • Item 2, as a fund house numbered it
    1 for0 against
  • Item 3, as a fund house numbered it
    1 for0 against
  • Item 4, as a fund house numbered it
    1 for0 against
  • Item 5, as a fund house numbered it
    1 for0 against

Each fund house counted once, from its own disclosure; the reasons are its own words.

Fines and tax disputes

Reported in the filing for the quarter to Sep 2026.

  • Fine or penaltyAdditional Commissioner State Taxes and Excise (Grade-I), Himmachal PradeshSince 25 Jul 2026

    Order is passed u/s. 107 of HPGST Act, 2017 levying tax of Rs. 8,94,534/- and imposing penalty of Rs. 89,454/-

    The demand is partly reduced in appeal on account of disallowance of Input Tax Credit claimed by the Company during FY 2017-18. The Company has relevant records/legal precedence to prove its claim and shall file an appeal against the said Order before the GST Appellate Tribunal.MoreLess
  • Tax disputeDeputy Commissioner of GSTSince 14 Aug 2023
    The Company on 5th March 2025 had informed the Stock Exchanges that an Order had been received from the Joint Commissioner of State Tax, Mumbai, giving partial relief in respect of the appeal filed against the said demand. The demand has been reduced to Rs. 15.16 Crores. The Company has relevant records to prove its claim and has filed a further appeal against the said Order before the GST Tribunal.The current status of the litigation remains same as disclosed in the previous quarter ended 30th June, 2026.MoreLess
    At the filing before: A demand was raised during the financial year 2022-23 on account of discrepancy between Input Tax Credit (“ITC”) claimed by the Company in GSTR 3B and data appearing in GSTR 2A for FY 2017-18. FY 2017-18 was the first year of implementation of GST, the data fetched in GSTR 2A on GST portal was not accurate and complete. The Company has relevant records to prove its claim for ITC.MoreLess
  • Tax disputeGoods and Services Tax OfficerSince 14 May 2024
    The Company has filed an appeal and personal hearing is awaited. The current status of the litigation remains same as disclosed in the previous quarter ended 30th June, 2026.
    At the filing before: Order under Section 73(9) of Central Goods and Service Tax Act, 2017 has been received showing demand on account of alleged short payment of GST on the turnover declared in GSTR-9 and wrong availment of Input Tax Credit for FY 2018-19 for the State of New Delhi. The Order has been passed based on wrong understanding of the facts and records and is an error apparent on the face of the record. The Company has already paid adequate and appropriate taxes, as required, and the same is reflected in the GST returns filed during FY 2018-19. The Company has relevant records to prove its claims. The Company is in the process of filing application for rectification of order/appeal.MoreLess
  • Tax disputeDeputy Commissioner of GSTSince 2 Jun 2025
    The Company has filed an appeal and personal hearing is awaited. The current status of the litigation remains same as disclosed in the previous quarter ended 30th June, 2026.
    At the filing before: The Company has filed an appeal against the Order under Section 73(9) Central Goods and Service Tax Act, 2017 issued for the state of Maharashtra for partial disallowance of Input Tax Credit ("ITC") and alleged short payment of tax on some supplies during the FY 2020-21. The Order has been passed based on wrong understanding of the facts/records/law and there are apparent errors in the Order. The Company has already paid adequate and appropriate taxes, as required by the law. The Company has also filed an application for rectification of the Order.MoreLess

In the company's own words, from its latest governance filing.

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved
00Dec 2400Mar 2553Jun 2502Sep 2511Dec 2522Mar 2622Jun 2600Sep 26

Open at the quarter's end

0Dec 240Mar 252Jun 250Sep 250Dec 250Mar 260Jun 260Sep 26
At most 2 complaints open, quarter to Jun 2025.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
Yes
The chair is related to the managing director
No
The filing has a part on fines and penalties
Yes
The filing has a part on tax disputes
Yes
There was a cyber security incident in the quarter
No

The company's own answers in its filing.