Asian Paints Ltd. — Board/Management Information 2024

May 9, 2024

==> picture [131 x 89] intentionally omitted <==

==> picture [141 x 116] intentionally omitted <==

APL/SEC/32/2024-25/4

9[th] May 2024

BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400 001 Security Code: 500820

National Stock Exchange of India Limited Exchange Plaza, C-1, Block G, Bandra Kurla Complex, Bandra (East), Mumbai – 400 051 Symbol: ASIANPAINT

Sir/Madam,

Sub: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure – Requirements) Regulations, 2015 Appointment of Ms. Nehal Vakil as a Non-Executive Director

In accordance with the applicable provisions of the Companies Act, 2013, Ms. Nehal Vakil (DIN: 00165627) was appointed as a Non–Executive Director of the Company with effect from 1[st] March 2022 to fill the casual vacancy created on the Board on account of the sad demise of Mr. Abhay Vakil, Non-Executive Director of the Company, to hold the office upto the date that Mr. Abhay Vakil would have held office.

Ms. Nehal Vakil will hold office as the Non–Executive Director up to the date of the ensuing Annual General Meeting (“AGM”) of the Company to be held on Tuesday, 25[th] June 2024.

This is to inform you that the Board of Directors of the Company at their meeting held today i.e., Thursday, 9[th] May 2024, based on the recommendations of the Nomination and Remuneration Committee and subject to the approval of the shareholders of the Company, have unanimously approved the appointment of Ms. Nehal Vakil as a Non-Executive Director of the Company with effect from the date of the ensuing AGM of the Company.

The brief profile of Ms. Nehal Vakil is enclosed.

Non-Executive Director of the Company, and a member of the Promoter(s) Group of the Company.

To the best of our knowledge and information and as confirmed by Ms. Nehal Vakil, she has not been debarred from holding the office as a Director of the Company, by virtue of an Order passed by the Securities and Exchange Board of India or any other authority. Further, as affirmed by her, she is not disqualified from holding the office as a Director pursuant to the provisions of Section 164 of the Companies Act, 2013.

==> picture [592 x 55] intentionally omitted <==

==> picture [131 x 89] intentionally omitted <==

==> picture [141 x 116] intentionally omitted <==

The approval of the shareholders for the aforesaid appointment will be sought at the ensuing AGM of the Company.

The Board Meeting commenced at 10:00 a.m. IST and concluded at 3.45 p.m. IST.

You are requested to take the above information on record.

Thanking you,

Yours truly,

For ASIAN PAINTS LIMITED

Digitally signed by JEYAMURUGAN JEYAMURUGAN RAMALINGAM RAMALINGAM JEYAPANDIYAN JEYAPANDIYAN Date: 2024.05.09 15:52:50 +05'30'

R J JEYAMURUGAN

CFO & COMPANY SECRETARY

Encl.: As above

==> picture [592 x 55] intentionally omitted <==

Enclosure

==> picture [131 x 89] intentionally omitted <==

==> picture [141 x 116] intentionally omitted <==

Profile of Ms. Nehal Vakil

Name: Nehal Vakil Age: 47 years DIN: 00165627

Qualification: Bachelor of Arts with specialization in Finance from Eli Broad College of Business, Michigan State University – East Lansing, Michigan, USA

==> picture [139 x 143] intentionally omitted <==

Ms. Nehal Vakil commenced her career with Asian Paints Limited (the Company) in the year 1999. She was a part of the Finance function of the Company, wherein she was, inter alia, responsible for monitoring budgets, revenue, and variance trends for the corporate center. She was also involved in the compilation of quarterly financial reports consolidated at Company and group levels.

She is presently the Director incharge of the operations of Vikatmev Containers Limited, (Vikatmev) a leading container manufacturer in Mumbai. At Vikatmev, she heads a team that strategises and devises new approaches to boost customer numbers, growth and revenue. She exercises oversight over cost controls to meet budget restrictions and maximise profitability.

Ms. Vakil also manages the other family businesses and investments of the family-owned companies. She works closely with the wealth advisors to supervise and develop investment strategies, evaluate and analyse the investment performance and benchmark portfolio composition to maximise returns on investments.

She also serves as a Director on the Board of a few other public and private limited companies.

Ms. Nehal Vakil is also an avid traveller, and ardent cricket follower, and has a keen interest in movies and music.

==> picture [592 x 55] intentionally omitted <==