JSW Dulux Limited, the rebranded entity formerly known as Akzo Nobel India Limited, announced on 23 March 2026 that it is bolstering its board with two new appointments. Kaustubh Sudhakar Kulkarni has been named an Additional Director in the Non-Executive Non-Independent category, while Sutapa Banerjee has been appointed as an Additional Director in the Independent Director (Woman Director) category. Both appointments will be placed before shareholders for regularization via a postal ballot process.
Kulkarni, currently Group Head – Banking, M&A and Strategic Financing at JSW Steel Ltd, brings nearly three decades of experience in debt markets and financing. His career spans senior roles at Standard Chartered Bank as Managing Director – Debt Capital Markets, along with stints at ICICI Securities and SICOM. He holds a BCom and an MMS (Finance) from Mumbai University and is a Chartered Financial Analyst. There are no inter-se relationships with other board members other than his employment within the JSW Group.
Banerjee, with over 30 years in financial services, has built a reputation in wealth management and governance. She has spent 24 years in the financial services industry across banks and Ambit, and is widely recognized for leadership in wealth management. She currently serves as an Independent Director on multiple boards, including Eternal Limited, Godrej Properties, Polycab India, JSW Cement, Axis Capital, Ideaforge Technology and Girnar Software (CarDekho). Banerjee is an Advanced Leadership Fellow at Harvard University and an XLRI economics gold medalist, with prior roles that highlighted women’s empowerment and governance.
The two appointments reflect a broader push to strengthen governance and broaden the leadership profile at the company as it advances its strategic priorities. In tandem with the director appointments, the board also approved items related to the JSW Dulux Limited – Employee Stock Option Scheme 2026 (ESOP 2026) and is set to seek shareholder approval via postal ballot for related resolutions, underscoring a continued emphasis on talent and incentive strategies across the group.