NSENews Verification14 Jul 2026 · 14 Jul 2026, 10:16 am
News Verification
JSW Dulux Limited · JSWDULUX
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JSW Dulux Limited clarifies that it is no longer part of Akzo Nobel NV and cannot comment on a news item about Akzo Nobel rejecting a $8.6 billion offer from Nippon for its paint business, as the company has changed promoters since December 2025.
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Full Announcement
The Exchange has sought clarification from JSW Dulux Limited with respect to recent news item captioned Akzo Nobel rejects Nippons $8.6 billion offer for paint business. The response from the Company is attached.
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AKZOINDIA_14072026101326_JSWDuluxNewsClarification_14Jul26_NSE.pdf
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14th July 2026
The Listing Department
National Stock Exchange of India Ltd.
Exchange Plaza, 5th floor,
Bandra-Kurla Complex
Bandra (E)
Mumbai – 400051
Symbol: JSWDULUX
K/A: Mr. Amit Shinde, Chief Manager, Surveillance
Dear Sir/Madam,
Sub: Clarification/Confirmation on news item appearing in "Media/Publication”
We refer to your letter (bearing Ref. No.: NSE/CM/Surveillance/17256; dated 13th July 2026
regarding the recent news item as highlighted by you which has appeared in the
“www.economictimes.indiatimes.com” dated July 13, 2026, captioned “Akzo Nobel rejects
Nippons $8.6 billion offer for paint business”.
In this regard, please note that subsequent to our disclosure to the Stock Exchanges on
10th December 2025 regarding acquisition of erstwhile promoters’ (namely Imperial Chemical
Industries Ltd. and Akzo Nobel Coatings International BV, subsidiaries of Akzo Nobel NV)
shareholding in the then Akzo Nobel India Limited (now known as JSW Dulux Limited,
hereinafter “the Company”) by JSW Paints Limited and the simultaneous disclosure (of the
same date) pertaining to the consequent change in promoters of the Company from the
aforesaid Akzo Nobel entities to JSW Paints Limited (effective 10th December 2025), the
Company is no longer forming part of the Akzo Nobel NV and/or any of AkzoNobel group entities
across the world.
In light of the aforesaid, we cannot comment on the captioned news item as this does not pertain
to us being part of JSW Group since 10th December 2025.
You are requested to kindly take the above information on record.
Thanking you,
Yours truly,
For JSW Dulux Limited
(Formerly Akzo Nobel India Limited)
Rajiv L. Jha
General Counsel & Company Secretary