Shareholders meeting

16th July 2026 Department of Corporate Services The Listing Department BSE Limited National Stock Exchange of India Ltd. 1st floor, New Trading Ring Exchange Plaza, 5th floor, Rotunda Building, P J Towers Bandra-Kurla Complex Dalal Street, Fort Bandra (E) Mumbai - 400 001 Mumbai – 400051 Scrip Code: 500710 Symbol: JSWDULUX Dear Sir/Madam, Sub: Transcript of 72nd Annual General Meeting ('AGM') Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find attached the transcript of the proceedings of the 72nd Annual General Meeting ('AGM') of the Company held on Friday, 10th July 2026. You are requested to kindly take the aforesaid on record. Thanking you, Yours truly, For JSW Dulux Limited (Formerly Akzo Nobel India Limited) Rajiv L. Jha General Counsel & Company Secretary Encl: as above. “Transcript of 72nd Annual General Meeting of JSW Dulux Limited” July 10, 2026 Management: Mr. Parth Jindal – Chairman Mr. Rajiv Rajgopal - Joint Managing Director & Chief Executive Officer Mr. Krishna Rallapalli - Whole-time Director & Chief Financial Officer Mr. Rohit Ghanshyamdas Totla - Whole-time Director Mr. Kaustubh Sudhakar Kulkarni - Non-Executive Director Mr. Hemant Sahai - Independent Director Ms. Namrata Kaul - Independent Director Mr. Anil Chaudhry - Independent Director Mr. Shantanu Maharaj Khosla - Independent Director Ms. Sutapa Banerjee - Independent Director Mr. Rajiv L. Jha - General Counsel & Company Secretary Page 1 of 18 JSW Dulux Limited July 10, 2026 Rajiv L. Jha: Good afternoon to all our valued shareholders, distinguished members of the Board, representatives of the body corporates, institutions and banks, and our auditors. It is indeed a pleasure to welcome you all to our 72nd Annual General Meeting of the Company, convened virtually through video conferencing and other audio-visual means. By way of introduction, seated on the dais are Mr. Parth Jindal, Chairman of the Company, along with Mr. Rajiv Rajgopal, Joint Managing Director and CEO; Mr. Krishna Rallapalli, Whole-Time Director and CFO; Mr. Rohit Totla, Whole-Time Director and Mr. Kaustubh Kulkarni, Non-Executive Director of your Company. We also have all our Independent Directors attending this meeting namely Mr. Hemant Sahai, who is also the Chairman of the Stakeholders Relationship Committee and Risk Management Committee, Ms. Namrata Kaul, who is also the Chairperson of the Audit Committee and CSR Committee, Mr. Anil Chaudhry, who is also the Chairman of the Nomination and Remuneration Committee, Ms. Sutapa Banerjee and Mr. Shantanu Khosla. As a matter of record, the statutory auditors, secretarial auditors, the scrutinizer, the respective Chairpersons of the audit committee, nomination and remuneration committee and the stakeholders relationship committee are present in the meeting. Members are hereby informed that all the requisite documents are available for their inspections throughout the meeting in electronic mode accessible upon login into NSDL portal namely the register of directors and key managerial personnel and their shareholding as maintained in accordance with Section 170 and 171 of the Companies Act, 2013, register of contracts and arrangements in which directors are interested as maintained in accordance with Section 189 of the Companies Act, 2013 and all other documents as referenced to in the AGM notice lying with the members. Furthermore, the auditor’s report on the standalone and consolidated financial statements for the Financial Year ended March 31, 2026, which constitute a part of the integrated annual report is also accessible there. Since the quorum being present for this AGM, now I hand over the proceedings of the meeting to the Chairman, Mr. Parth Jindal. Over to you Sir! Parth Jindal: Thank you, Rajiv. Dear shareholders, I welcome you all to the 72nd Annual General Meeting of JSW Dulux. There are few years in the journey of a Company that redefine its future. FY2025-26 was one such year for our Company. With our transition to JSW Dulux, we have not merely changed our name, we have started a new chapter of transformative growth. It therefore gives me immense pleasure to welcome you to the Annual General Meeting of JSW Dulux Limited from our new headquarters at the JSW Center in Mumbai. With JSW Dulux being part of the JSW Group, we unlocked new vistas of opportunity and growth. For those of you joining the JSW family through JSW Dulux for the first time, let me introduce you to the JSW Group. Founded by Shri O.P. Jindal and built by my father Shri Sajan Jindal, the JSW Group has evolved into one of India’s leading and most Page 2 of 18 JSW Dulux Limited July 10, 2026 respected conglomerates. Our listed companies are leaders across steel, energy, infrastructure and cement, each driven by ambitious expansion plans, operational excellence and a relentless focus on long-term value creation for our shareholders. Together, these businesses represent a combined market capitalization of over US $50 billion providing the financial strength, execution capabilities, and governance standards that enable us to invest confidently in new businesses including paints. Beyond our listed companies, the group is committed to expanding into high-potential sectors from electric mobility and new energy vehicles, to digital commerce, to defense manufacturing, sports, real estate, and venture capital, the JSW Group is creating platforms that will drive India’s next phase of growth. These businesses reflect our entrepreneurial mindset and willingness to invest early in sectors with long-term potential. As shareholders of JSW Dulux, you are becoming part of a group that is not only a leader today but is also shaping the industries of tomorrow. Today, JSW Dulux is the fourth largest player in India’s decorative and industrial paints industry with leadership in the premium segments. We have iconic global brands, five manufacturing sites with a combined capacity of 305 million liters per annum, and a world-class research and development center driving innovation. Our nationwide distribution network now spans over 5,000 towns backed by deep customer relationships with over 22,000 retailers and 4,000 B2B customers, a talented team and robust governance, we have built an excellent foundation for our next phase of accelerated profitable growth. FY2026 has been a milestone year with the Company being welcomed into the JSW Group. From acquiring the Iconic Dulux brand, post-regulatory approvals, to augmenting our Board of Directors and adopting a new identity as JSW Dulux Limited, every milestone has been focused on building the next generation paints leader Company. Having laid the foundation, we are now focused on unlocking the significant value that this transformation creates for our shareholders. Across sectors, JSW prides itself on consistently building category-leading businesses, and our ambition for JSW Dulux too is straightforward - we want to attack the market and become the number two player in the Indian paints and coating industry. Across our industrial and decorative paints, we will grow our market share and deliver profitable growth sustainably. In industrial coatings, we strive for leadership in marine and protective coatings and to be a top two player in automotive and specialty coatings by 2031. Innovation in our products and services, investments in research and development combined with wider play across segments will play a key role to get here. Coming to decorative paints, we will be significantly investing in the Dulux brand equity and driving leadership in our core brands. We shall drive innovation in premium and adjacent segments, execute meaningful distribution expansion and enhance influencer ecosystem. Leveraging the scale and operational excellence of the JSW group, digitization and automation initiatives will be the key growth enablers. Page 3 of 18 JSW Dulux Limite [Showing first 8,000 characters — download PDF for full document]