BSEGeneral2d ago · 5 Nov 2026, 11:38 am

Attached intimation under regulation 30A read with clause 5A, para A, part A, schedule III of LODR recieved from Promoter/Holiding company.

JSW Dulux Ltd · 500710

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JSW Dulux Ltd has received an intimation from its promoter JSW Paints Ltd regarding the entry into a debenture trust deed dated November 04, 2026, with Axis Trustee Services Ltd. The DTD is for the issuance of INR denominated, senior, unsecured, rated, listed and redeemable non-convertible debentures for an amount aggregating up to INR 2950,00,00,000/-.

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Earnings Impact2/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk2/10
Balance Sheet Risk6/10
Liquidity Impact8/10
Market Sentiment5/10

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JSW Dulux Ltd - 500710 - Disclosure under Regulation 30A of LODR

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5th November 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/Ma’am, Sub: Intimation under Regulation 30A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘LODR’) This is to inform that the Company has received an intimation under Regulation 30A of the LODR read with Clause 5A, Paragraph A, Part A, Schedule III of the LODR from its Promoter/Holding Company namely JSW Paints Limited on 4th November 2026 at 6:14 pm (IST). The said intimation is enclosed herewith as Annexure 1. Kindly take the aforesaid on record. Thanking you. Yours truly, for JSW Dulux Limited (formerly Akzo Nobel India Limited) Rajiv L. Jha General Counsel and Company Secretary Encl: As above Annexure 1 JSW PAINTS LIMITED Corp. Office: JSW Centre, Bandra Kurla Complex, Bandra(E), Mumbai - 400 051 Phone: +91 22 4286 1000 Website: www.jswpaints.in CIN: U24200MH2016PLC273511 November 04, 2026 JSW Dulux Limited JSW Centre, Bandra Kurla Complex, Bandra East, Mumbai 400051. Sub: Intimation under Regulation 30A of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015 (“LODR”) read with Clause 5A, Paragraph A, Part A, Schedule III of the LODR Dear Sir/Ma’am, This is to inform that we, JSW Paints Limited, have entered into a debenture trust deed dated November 04, 2026 with Axis Trustee Services Limited, Debenture Trustee (“DTD”). Certain specified clauses of the DTD will be applicable to JSW Dulux Limited (“JDL”) in accordance with the terms of the DTD. Certain provisions of the DTD are likely to fall within the purview of the agreements specified under Clause 5A, Paragraph A, Part A, Schedule III of the LODR. In terms of Regulation 30A of the LODR, we hereby write this intimation to inform JDL of the details of the DTD. The requisite details regarding the DTD are enclosed herewith as Annexure A. We request you to kindly take this on record, and do the needful. Thanking you. Yours sincerely, For JSW Paints Limited Nishant Digitally signed by Nishant Uday Uday Salvi Salvi D 17a :t 2e 8: :2 20 32 +6 0.1 51 '3.0 04 Nishant Salvi Lead – Legal & Company Secretary Regd. Office: Jindal Mansion 5A, Dr. G. Deshmukh Marg, Mumbai - 400026 Phone: +91 22 2351 3000 Email Id: cs.jswpaints@jsw.in JSW PAINTS LIMITED Corp. Office: JSW Centre, Bandra Kurla Complex, Bandra(E), Mumbai - 400 051 Phone: +91 22 4286 1000 Website: www.jswpaints.in CIN: U24200MH2016PLC273511 ANNEXURE A | DETAILS OF THE DTD # Particulars Details (a) If the listed entity is a party to the JSW Dulux Limited (“JDL”) is not a party to the agreement: debenture trust deed dated i. Details of the counterparties November 04, 2026 (“DTD”). (including name and relationship Therefore, not applicable. with the listed entity) Capitalised terms used in this Annexure A have the meanings ascribed to them in the DTD. (b) If listed entity is not a party to the The following entities are party to the DTD: agreement: i. Name of the party entering into Name of the Party Relationship with JDL such an agreement and the Issuer relationship with the listed entity JSW Paints It is the promoter of ii. Details of the counterparties to the Limited JDL. agreement (including name and Debenture Trustee relationship with the listed entity) Axis Trustee It is not a related party iii. Date of entering into the Services Limited of or related to JDL. agreement The DTD was entered into on November 04, 2026. (c) Purpose of entering into the The DTD has been entered into by the Issuer to agreement inter alia partially refinance certain existing financial indebtedness availed by the Issuer. (d) Shareholding, if any, in the entity JDL does not have any shareholding in any of with whom the agreement is the entities that are party to the DTD. executed (e) Significant terms of the agreement The DTD has been entered in relation to the (in brief) issuance of INR denominated, senior, unsecured, rated, listed and redeemable non- convertible debentures for an amount aggregating up to INR 2950,00,00,000/-. The details of the parties to the DTD (including the ‘Issuer’ and ‘Debenture Trustee’) are as set out in paragraph (b) above. Regd. Office: Jindal Mansion 5A, Dr. G. Deshmukh Marg, Mumbai - 400026 Phone: +91 22 2351 3000 Email Id: cs.jswpaints@jsw.in JSW PAINTS LIMITED Corp. Office: JSW Centre, Bandra Kurla Complex, Bandra(E), Mumbai - 400 051 Phone: +91 22 4286 1000 Website: www.jswpaints.in CIN: U24200MH2016PLC273511 # Particulars Details The DTD provides for standard representations (such as necessary power and authority to execute and undertake actions as required, non-conflict with other obligations, etc.), warranties, covenants (including affirmative covenants, negative covenants and information covenants) which the Issuer has agreed (for itself and on behalf of JDL) in order to provide protection to the Debenture Holders. Customary to a transaction of such a nature, the DTD includes standard events of default such as non-payment, cross default, insolvency and insolvency proceedings, unlawfulness and invalidity, etc. (f) Extent and the nature of impact on The Issuer is the promoter of JDL and holds management or control of the listed 27,87,17,230 shares in JDL constituting 61.20% entity of the shares of JDL (on a fully diluted basis), as on November 04, 2026. Further, if the Issuer: (i) ceases to own directly or indirectly at least majority of JDL’s shares (on a fully diluted basis); (ii) ceases to exercise Control over JDL; or (iii) undertakes any Disposal of JDL’s shares or creates any Encumbrance over JDL’s shares, it will result in occurrence of such events / consequences as specified in the DTD. The Issuer has also represented and warranted on a continuing basis that it will Control JDL. (g) Details and quantification of the No liabilities have been imposed on JDL. restriction or liability imposed upon The quantification of the restrictions imposed the listed entity on JDL by way of the DTD is not ascertainable as they are in the nature of representations, warranties and covenants. Regd. Office: Jindal Mansion 5A, Dr. G. Deshmukh Marg, Mumbai - 400026 Phone: +91 22 2351 3000 Email Id: cs.jswpaints@jsw.in JSW PAINTS LIMITED Corp. Office: JSW Centre, Bandra Kurla Complex, Bandra(E), Mumbai - 400 051 Phone: +91 22 4286 1000 Website: www.jswpaints.in CIN: U24200MH2016PLC273511 # Particulars Details Pursuant to the terms of the DTD, the Issuer has agreed to ensure that JDL continues to comply with certain customary positive covenants with respect to carrying on its business in the ordinary course. Further, with the view towards value preservation, the Issuer has also agreed that certain activities / actions may be carried out by JDL only if JDL meets certain parameters or conditions as set out in the DTD and / or with the consent of the Debenture Trustee and / or as may be permitted in accordance with the terms of the DTD (namely: (i) entering into any amalgamation, demerger, merger, consolidation, spin-off, reorganisation, restructuring, any transaction or action that would change its capital structure or corporate reconstruction; (ii) entering into a single transaction or a series of transactions (whether related or not) and whether voluntary or involuntary to sell, lease, transfer or otherwise dispose of such asset(s); (iii) creating or permitting to subsist any security over any of its assets; (iv) incurring or permitting to subsist any financial indebtedness (including term loans, working capital loans and finance or capital leases) ; (v) entering into any asset transfer, business transfer or slump sale, or undertaking any corporate reorganisation or investing in or acquiring all or part of the business, shares, p [Showing first 8,000 characters — download PDF for full document]