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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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
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