Akzo Nobel India Limited on Friday, January 9, announced a series of changes to its board and top management following a meeting of its board of directors held on January 9, 2026.
The board approved the appointment of Shantanu Maharaj Khosla as an additional director in the category of independent director for a term of three years, effective January 9, 2026, up to January 8, 2029. The appointment is based on the recommendation of the Nomination and Remuneration Committee and is subject to approval by the company’s shareholders.
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The board also approved the re-designation of Rajiv Rajgopal as joint managing director and chief executive officer with effect from January 9, 2026. Rajgopal was previously serving as chairman and managing director. The company said all other terms and conditions of his appointment, as approved earlier by shareholders, will remain unchanged.
In addition, Parth Jindal, Managing Director of JSW Paints Limited and JSW Cements Limited, was appointed as an additional director in the category of non-executive, non-independent director, effective January 9, 2026. His appointment is also subject to shareholder approval.
Consequent to his appointment to the board, Jindal has been designated as the chairman of Akzo Nobel India with immediate effect.
Akzo Nobel India Ltd had reported a sharp rise in consolidated net profit for the July–September quarter, posting ₹1,682 crore, an increase from ₹97 crore in the same period last year. The surge was primarily driven by a one-time exceptional gain of ₹1,874 crore recorded during the quarter.
Shares of Akzo Nobel India Ltd closed at ₹3,111.20 on Friday, down ₹49.90 or 1.58% during the trading session.
