Asian Paints has received shareholder approval for the appointment of Sudhir Sitapati as an Independent Director and the re-appointment of Milind Sarwate as an Independent Director at its 80th Annual General Meeting held on July 9, 2026. Sitapati’s five-year term has commenced from May 29, 2026, and will continue until May 28, 2031, while Sarwate’s second five-year term has been approved from October 21, 2026, to October 20, 2031. The appointments have followed the Board’s recommendations made on May 29, 2026 and have been approved with the requisite majority by shareholders.
Sudhir Sitapati has been serving as the Managing Director and CEO of Godrej Consumer Products since 2021, where he has led the company’s strategic direction and transformation. Before joining Godrej Consumer Products, he had spent over two decades at Unilever, holding leadership roles across India, Europe, Southeast Asia and Africa. His last position at Hindustan Unilever had been Executive Director – Foods and Refreshments. Sitapati has also chaired the CII FMCG Committee and authored The CEO Factory.
Milind Sarwate has brought more than four decades of experience in finance, governance, audit, risk management and strategy. He has served as an Independent Director on the boards of companies including Asian Paints, CEAT, Mahindra & Mahindra Financial Services, OmniActive Health Technologies and Viyash Scientific. He has founded Increate Value Advisors LLP and has previously held leadership roles at Godrej Soaps and Marico. His expertise has included corporate governance, financial stewardship, stakeholder value creation and consumer business management.
Asian Paints has stated that both Sitapati and Sarwate have met the independence criteria prescribed under the Companies Act, 2013 and the SEBI Listing Regulations. The company has also confirmed that neither director has been debarred from holding office by SEBI or any other authority and that both have not incurred any disqualification under the Companies Act, 2013.
