JSW Dulux shareholders approve 1:10 stock split with 99.9991% support
The paints maker, formerly Akzo Nobel India, will sub-divide each ₹10 share into ten ₹1 shares. The postal ballot also cleared two related changes to its charter documents. Record date: 22 October 2026.
Shareholders of JSW Dulux Limited — formerly Akzo Nobel India Limited, renamed after JSW Paints acquired a 60.76% stake in December 2025 — voted overwhelmingly by postal ballot to approve a 1:10 sub-division of the company’s equity shares. Remote e-voting closed on 20 September 2026 and results were declared the next day.
Vote result
| Resolution | Votes in favour | Support |
|---|---|---|
| Sub-division of equity shares (1:10) | 3,90,70,798 | 99.9991% |
| Alteration to Memorandum of Association (capital clause) | 3,90,70,753 | 99.9990% |
| Alteration to Articles of Association (capital clause) | 3,90,70,603 | 99.9986% |
Only 345 votes were cast against the share sub-division resolution.
What changes
- Face value: each existing share of face value ₹10 becomes ten shares of face value ₹1.
- Share count: total issued, subscribed and paid-up equity shares rise from 4.55 crore to 45.54 crore.
- Record date: 22 October 2026 — shareholders holding shares on this date qualify for the sub-division.
Basis of these figures
The postal ballot notice was dated 11 August 2026; e-voting closed 20 September 2026, with results declared 21 September 2026. The vote counts and percentages are as reported by Whalesbook from the company’s 21 September 2026 BSE filing; the record date, split ratio and 60.76% JSW Paints stake are as reported by Kotak Neo. We could not open the filing PDF directly, so these figures are taken from those two reports. Read the company’s exchange filing for the full postal ballot outcome.