Asian Paints Approves Appointment and Reappointment of Independent Directors at AGM

Asian Paints Approves Appointment and Reappointment of Independent Directors at AGM​

Asian Paints Limited announced that its shareholders approved key appointments regarding the Board of Directors during the Annual General Meeting (AGM) held on July 9, 2026. The meeting saw the approval of a new Additional and Independent Director and the re-appointment of another seasoned independent director.

Mr. Sudhir Sitapati was appointed as an Additional and Independent Director for a term of five consecutive years. His tenure runs from May 29, 2026, to May 28, 2031. Concurrently, Mr. Milind Sarwate was re-appointed as an Independent Director for a second term of five consecutive years, effective from October 21, 2026, until October 20, 2031.

The company confirmed that both appointed individuals are unrelated to any members of the Promoter Group or Key Managerial Personnel and meet all criteria prescribed under relevant corporate statutes regarding independence.

Focus on Directors' Expertise​

The Board benefits from the deep experience and expertise brought by Mr. Sudhir Sitapati and Mr. Milind Sarwate, whose professional backgrounds span leadership in consumer products, finance, governance, and strategy across multiple geographies.

Mr. Sudhir Sitapati​

Mr. Sitapati, who is 49 years old, serves as the Managing Director and CEO of Godrej Consumer Products since 2021. He leads the company’s strategic transformation focused on crafting health and beauty goodness for consumers in emerging markets. His professional background includes over two decades spent at Unilever, where he held leadership roles across functions and categories in India, Europe, Southeast Asia, and Africa. Mr. Sitapati is also a Chair of the CII FMCG Committee.

Mr. Milind Sarwate​

Mr. Sarwate, 66 years old, brings over four decades of experience spanning finance, risk management, audit, strategy, and board oversight. His professional portfolio includes serving as an Independent Director on the boards of several companies such as CEAT Limited, Mahindra & Mahindra Financial Services Limited, OmniActive Health Technologies Limited, and Viyash Scientific Limited. He is also the Founder and Designated Partner of Increate Value Advisors LLP and Increate Social Value Advisors & Resourcers LLP. His areas of expertise include financial stewardship, corporate governance, risk management, and stakeholder value creation.

CUMMINSIND Stock Price Movement​

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