Kansai Nerolac Paints Limited announced the results of its postal ballot, with shareholders approving two ordinary resolutions.
Resolution 1: Approved the payment of compensation to Mr. Anuj Jain, the retiring Managing Director, in the form of special gratuity and non-compete fees.
Votes in favour: 69.87 crore (99.47%)
Votes against: 37.05 lakh (0.53%)
Resolution 2: Approved the appointment of Mr. Pravin Digambar Chaudhari as the Managing Director for a term of 3 years, from 1 April 2025 to 31 March 2028.
Votes in favour: 67.11 crore (99.69%)
Votes against: 20.82 lakh (0.31%)
The voting period for the postal ballot was from 20 March 2025 to 18 April 2025.