JSW Dulux Board to Consider Stock Split on August 11

MUMBAI — JSW Dulux Limited (formerly Akzo Nobel India Limited) announced on Wednesday, August 5, 2026, that its Board of Directors will consider a proposal for the sub-division or split of its equity shares during its scheduled meeting on Tuesday, August 11, 2026. The corporate action will be evaluated alongside the approval of the company's unaudited standalone and consolidated financial results for the first quarter ended June 30, 2026.

The board meeting update was formally submitted to domestic stock exchanges under Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The proposed share split remains subject to the approval of shareholders as well as any mandatory regulatory and statutory approvals required under applicable Indian laws.

Strategic Overview of the Proposed Share Sub-Division

The corporate notification builds upon an earlier communication issued on July 30, 2026, which had initially scheduled the board meeting strictly for first-quarter financial approvals. Under the updated agenda, directors will now also evaluate altering the share capital structure.

Key corporate details disclosed in the regulatory filing include:

• Face Value Adjustment: The board will consider splitting existing equity shares with a face value of ₹10 each, fully paid-up, into lower face value denominations as determined by the board.

• Shareholder Approval: Any decision taken by the Board of Directors on August 11 will require subsequent endorsement from shareholders.

• Regulatory Compliance: Implementation remains contingent upon statutory clearances from financial market regulators.

• Corporate Identity: The announcement marks one of the early capital structuring proposals following the company's formal renaming to JSW Dulux Limited from Akzo Nobel India Limited.

Trading Window Protocols and Exchange Submissions

In adherence to market conduct regulations, JSW Dulux confirmed that its insider trading prohibition protocols remain active.

As initially communicated on June 26, 2026, the trading window for dealing in company securities was closed for designated persons and their immediate relatives effective July 1, 2026. The restriction will continue through the announcement period and shall re-open 48 hours after the declaration of the Q1 FY27 financial results.

The formal disclosure was signed by Rajiv L. Jha, General Counsel & Company Secretary of JSW Dulux Limited, from the company's corporate headquarters at JSW Centre, Bandra Kurla Complex, Mumbai.

Official Sources Section

All corporate information, trading window guidelines, and capital alteration details were disclosed via official exchange notifications submitted to BSE Limited (Scrip Code: 500710) and the National Stock Exchange of India (NSE) (Symbol: JSWDULUX), as well as published on the company's official corporate portal at JSW Dulux.

Quote Section

According to official regulatory filings submitted to stock exchanges, the company confirmed the addition of capital restructuring to its upcoming agenda.

Company Secretary Rajiv L. Jha stated in the exchange filing:

"We hereby inform you that at the said Meeting, the Board of Directors will also consider the proposal for alteration in the share capital of the Company by way of sub-division/split of the existing Equity Shares of the face value Rs. 10/- each, fully paid-up, in such manner as may be determined by the Board of Directors subject to approval of the shareholders of the Company."

Why It Matters

Stock splits are commonly utilized by publicly traded companies to increase total outstanding shares while proportionally reducing the trading price per share without altering overall market capitalization. For retail investors, sub-dividing shares of JSW Dulux from a face value of ₹10 could lower individual unit costs, potentially improving retail liquidity and trading participation on domestic exchanges. For corporate stakeholders, the dual focus on financial performance and capital structure highlights ongoing corporate governance initiatives under the rebranded entity.

Key Facts at a Glance

• Board Meeting Date: Tuesday, August 11, 2026.

• Primary Agenda: Consideration of Q1 FY27 unaudited financial results and stock split proposal.

• Current Face Value: Equity shares carry a face value of ₹10 each, fully paid-up.

• Entity Renaming: Formerly known as Akzo Nobel India Limited, now operating as JSW Dulux Limited.

• Trading Window Status: Closed effective July 1, reopening 48 hours post-financial result disclosure.

Frequently Asked Questions (FAQ)

Q1: When will the JSW Dulux board consider the stock split proposal?

The Board of Directors of JSW Dulux Limited will consider the stock split proposal during its meeting on August 11, 2026.

Q2: What is the current face value of JSW Dulux shares?

The existing equity shares of JSW Dulux Limited have a face value of ₹10 each.

Q3: Is the stock split final after the board meeting on August 11, 2026?

No, any recommendation by the Board of Directors remains subject to approval by shareholders and necessary regulatory permits.

Q4: When will the insider trading window re-open for JSW Dulux securities?

The trading window will re-open 48 hours after the declaration of the unaudited standalone and consolidated financial results for Q1 FY27.

Source: BSE Limited, National Stock Exchange of India (NSE), JSW Dulux Limited