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531A01024Kansai Nerolac Paints Limited2024-04-012025-03-31Yearly2025-03-31EquitytruetruefalseNo acquisitiontruetruetruetrueTop 500 listed entitiestruek00054Original1. In terms of the circular bearing Ref. No. SEBI/HO/CFD/CMD1/CIR/P/2019/78 dated 16th July, 2019 issued by the Securities and Exchange Board of India (SEBI), the tenure is provided only for the Independent Directors. Further, in line with the guidelines provided vide the FAQs issued by National Stock Exchange of India Limited (NSE), the tenure counted is from the date of initial appointment after enactment of Companies Act, 2013 till the end of the quarter i.e. 31st March, 2025. Mr. Pradip Shah was appointed as Independent Director of the Company with effect from 30th January, 2015, pursuant to Section 149 of the Companies Act, 2013 read with General Circular No. 14/2014 dated 9th June, 2014 issued by the Ministry of Corporate Affairs and the same date is considered as his initial date of appointment in the capacity of Independent Director. Mr. Pradip Shah retired as the Independent Director of the Company upon completion of his second term of office as an Independent Director and consequently, ceased to be a Director and Chairman of the Company, with effect from close of business on 29th January, 2025. 2. Directorships only in the Listed Public Companies whose Equity Shares are listed have been taken into consideration while computing the No. of Directorship in listed entities including this listed entity and No. of Independent Directorship in listed entities including this listed entity. 3. In terms of the provisions of Regulation 26(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, committee memberships/ chairmanships in committees of the Board(s) of all Public Companies, whether listed or not, have been taken into consideration while computing No. of memberships in Audit/ Stakeholder Committee(s) including this listed entity and No. of post of Chairperson in Audit/ Stakeholder Committee held in listed entities including this listed entity. Also, the no. of memberships in committees includes number of chairmanships. No. of chairpersonships is also provided separately. 4. Mr. Bhaskar Bhat, Independent Director has been appointed as the Chairman of the Company with effect from 30th January, 2025. 5. Mr. Anuj Jain, Managing Director has taken an early retirement from the services of the Company from the close of business on 31st March, 2025 and consequently ceased to be the Managing Director of the Company. 6. Mr. H. Nishibayashi has been reappointed as Non-Executive Director of the Company with effect from 26th June, 2023 at the 103rd Annual General Meeting of the Company held on 26th June, 2023. 7. Ms. Sonia Singh has been re-appointed as an Independent Director of the Company with effect from 29th July, 2022, for a term of 5 years by the Shareholders at the 102nd Annual General Meeting of the Company held on 23rd June, 2022. 8. Since Mr. H. Nishibayashi and Mr. T. Tomioka, are foreign citizens, they do not hold a PAN. 9. Mr. T. Tomioka has been reappointed as Non-Executive Director of the Company with effect from 28th June, 2024 at the 104th Annual General Meeting of the Company held on 28th June, 2024. 10. Mr. Pravin Digambar Chaudhari, vide an Ordinary Resolution passed by the Shareholders at the 103rd Annual General Meeting of the Company held on 26th June, 2023, has been appointed as a Non-Executive Director with effect from 26th June, 2023, liable to retire by rotation. Mr. Chaudhari has been appointed as Managing Director, for a term of 3 years with effect from 1st April, 2025. His appointment has been approved by the Shareholders of the Company via postal ballot. The results of the postal ballot were declared on 18th April, 2025. 11. Mr. Hirokazu Kotera has been appointed as an Executive Director of the Company with effect from 1st August, 2024, for a term of 3 years and is liable to retire by rotation. His appointment has been approved by the Shareholders of the Company via postal ballot on 26th September, 2024. 12. Mr. Uday Bhansali has been appointed as an Independent Director of the Company with effect from 6th November, 2024, for a term of 5 years. His appointment has been approved by the Shareholders of the Company via postal ballot on 8th January, 2025.truefalseMrBhaskar Bhat00148778Non-Executive - Independent DirectorChairperson1954-08-29falseActiveNA2022-08-102022-08-1031.222230MrPradip ShahAAEPS0592F00066242Non-Executive - Independent DirectorNot Applicable1953-01-07falseActiveNA2015-01-302020-01-302025-01-29119.30000Tenure CompletionMrAnuj Jain08091524Executive DirectorNot ApplicableCEO-MD1969-06-17falseActiveNA2022-04-012022-04-012025-03-311010OthersMrH. NishibayashiZZZZZ9999Z03169150Non-Executive - Non Independent DirectorNot Applicable1963-05-31falseActiveNA2019-07-292023-06-261000Since Mr. H. Nishibayashi is a foreign citizen, he does not hold PAN.MsSonia Singh07108778Non-Executive - Independent DirectorNot Applicable1964-09-05falseActiveNA2019-07-292022-07-2968.035542MrT.TomiokaZZZZZ9999Z08736654Non-Executive - Non Independent DirectorNot Applicable1972-05-22falseActiveNA2020-05-072024-06-281000Since Mr. T. Tomioka is a foreign citizen, he does not hold a PAN.MrPravin Chaudhari02171823Non-Executive - Non Independent DirectorNot Applicable1968-05-17falseActiveNA2023-06-262023-06-261000MrHirokazu KoteraMRFPK8012E10707431Executive DirectorNot Applicable1981-12-12falseActiveNA2024-08-012024-08-011000MrUday Bhansali00363902Non-Executive - Independent DirectorNot Applicable1961-09-03falseActiveNA2024-11-062024-11-064.262211truetruetruetruetrueAudit Committee00363902Uday BhansaliNon-Executive - Independent DirectorChairperson2025-01-30Mr. Uday Bhansali has been appointed as the Chairman of the Audit Committee with effect from 30th January, 2025. Audit Committee00066242Pradip ShahNon-Executive - Independent DirectorChairperson2015-01-302025-01-29Mr. Pradip Shah was appointed as Independent Director of the Company with effect from 30th January, 2015, pursuant to Section 149 of the Companies Act, 2013 read with General Circular No. 14/2014 dated 9th June, 2014 issued by the Ministry of Corporate Affairs and the same date is considered as his initial date of appointment in the capacity of an Independent Director. Date of appointment in the Committee is considered with effect from being appointed as an Independent Director of the Company. Mr. Pradip Shah retired as the Independent Director of the Company upon completion of his second term of office as an Independent Director and consequently, ceased to be the Chairman of the Audit Committee, with effect from the close of business on 29th January, 2025. Audit Committee07108778Sonia SinghNon-Executive - Independent DirectorMember2019-07-29Audit Committee00148778Bhaskar BhatNon-Executive - Independent DirectorMember2022-08-10Nomination and remuneration committee00363902Uday BhansaliNon-Executive - Independent DirectorChairperson2025-01-30Mr. Uday Bhansali has been appointed as the Chairman of the Nomination and Remuneration Committee with effect from 30th January, 2025.Nomination and remuneration committee00148778Bhaskar BhatNon-Executive - Independent DirectorMember2022-08-10Mr. Bhaskar Bhat was the Chairman of Nomination and Remuneration Committee upto and including 29th January, 2025. From 30th January, 2025, Mr. Bhat has been appointed as the Chairman of the Company and has ceased to be the Chairman of the Nomination and Remuneration Committee, but continues to be a member of the Committee. Nomination and remuneration committee00066242Pradip ShahNon-Executive - Independent DirectorMember2015-01-302025-01-29Mr. Pradip Shah was appointed as Independent Director of the Company with effect from 30th January, 2015, pursuant to Section 149 of the Companies Act, 2013 read with General Circular No. 14/2014 dated 9th June, 2014 issued by the Ministry of Corporate Affairs and the same date is considered as his initial date of appointment in the capacity of an Independent Director. Date of appointment in the Committee is considered with effect from being appointed as an Independent Director of the Company. Mr. Pradip Shah retired as the Independent Director of the Company upon completion of his second term of office as an Independent Director and consequently, ceased to be a member of the Nomination and Remuneration Committee, with effect from the close of business on 29th January, 2025. Nomination and remuneration committee07108778Sonia SinghNon-Executive - Independent DirectorMember2019-07-29Nomination and remuneration committee03169150H. NishibayashiNon-Executive - Non Independent DirectorMember2022-04-01Stakeholders Relationship Committee07108778Sonia SinghNon-Executive - Independent DirectorChairperson2019-07-29Stakeholders Relationship Committee00066242Pradip ShahNon-Executive - Independent DirectorMember2022-04-012025-01-29Mr. Pradip Shah retired as the Independent Director of the Company upon completion of his second term of office as an Independent Director and consequently, ceased to be a member of the Stakeholders Relationship Committee, with effect from the close of business on 29th January, 2025.Stakeholders Relationship Committee08091524Anuj JainExecutive DirectorMember2018-04-012025-03-31Mr. Anuj Jain was appointed as an Executive Director of the Company from 1st April, 2018 up to and including 31st March, 2022. On 1st April, 2018, Mr. Jain was also appointed as a member of the Stakeholders Relationship Committee and he continued to hold this Committee position. Thereafter, Mr. Anuj Jain was appointed as Managing Director of the Company with effect from 1st April, 2022, for a term of 5 years and the same date is considered as his initial date of appointment as Managing Director. Mr. Anuj Jain has taken an early retirement from the services of the Company from the close of business on 31st March, 2025 and consequently ceased to be a member of the Stakeholders Relationship Committee. Mr. Pravin Chaudhari has been appointed as a member of the Stakeholders Relationship Committee with effect from 1st April, 2025. Stakeholders Relationship Committee00148778Bhaskar BhatNon-Executive - Independent DirectorMember2025-01-30Mr. Bhaskar Bhat has been appointed as a member of the Stakeholders Relationship Committee with effect from 30th January, 2025. Risk Management Committee07108778Sonia SinghNon-Executive - Independent DirectorChairperson2025-01-30Ms. Sonia Singh has been appointed as the Chairperson of the Risk Management Committee with effect from 30th January, 2025 Risk Management Committee00066242Pradip ShahNon-Executive - Independent DirectorChairperson2022-04-012025-01-29Mr. Pradip Shah retired as the Independent Director of the Company upon completion of his second term of office as an Independent Director and consequently, ceased to be the Chairman of the Risk Management Committee, with effect from the close of business on 29th January, 2025. Risk Management Committee08091524Anuj JainExecutive DirectorMember2019-01-292025-03-31Mr. Anuj Jain was appointed as an Executive Director of the Company from 1st April, 2018 up to and including 31st March, 2022. On 29th January, 2019, Mr. Jain was also appointed as a member of the Risk Management Committee and he continues to hold this Committee position. Thereafter, Mr. Anuj Jain has been appointed as Managing Director of the Company with effect from 1st April, 2022, for a term of 5 years and the same date is considered as his initial date of appointment as Managing Director. Mr. Anuj Jain has taken an early retirement from the services of the Company from the close of business on 31st March, 2025 and consequently ceased to be a member of the Risk Management Committee. Mr. Pravin Chaudhari has been appointed as a member of the Risk Management Committee with effect from 1st April, 2025. Risk Management Committee00363902Uday BhansaliNon-Executive - Independent DirectorMember2025-01-30Mr. Uday Bhansali has been appointed as a member of the Risk Management Committee with effect from 30th January, 2025. Risk Management Committee10707431Hirokazu KoteraExecutive DirectorMember2025-01-30Mr. Hirokazu Kotera has been appointed as a member of the Risk Management Committee with effect from 30th January, 2025.Risk Management Committee99999999Jason Simon GonsalvesDirector-Corporate Planning, IT and MaterialsMember2019-01-29Mr. Jason Simon Gonsalves is not Director on the Board of Directors of the Company and hence, the DIN is not provided.Risk Management Committee99999999Prashant PaiDirector - Finance, Chief Financial OfficerMember2021-05-05Mr. Prashant Pai is not Director on the Board of Directors of the Company and hence, the DIN is not provided.Corporate Social Responsibility Committee07108778Sonia SinghNon-Executive - Independent DirectorChairperson2022-04-01Corporate Social Responsibility Committee08091524Anuj JainExecutive DirectorMember2018-04-012025-03-31Mr. Anuj Jain was appointed as an Executive Director of the Company from 1st April, 2018 up to and including 31st March, 2022. On 1st April, 2018, Mr. Jain was also appointed as a member of the Corporate Social Responsibility Committee and he continues to hold this Committee position. Thereafter, Mr. Anuj Jain has been appointed as Managing Director of the Company with effect from 1st April, 2022, for a term of 5 years and the same date is considered as his initial date of appointment as Managing Director. Mr. Anuj Jain has taken an early retirement from the services of the Company from the close of business on 31st March, 2025 and consequently ceased to be a member of the Corporate Social Responsibility Committee. Mr. Pravin Chaudhari has been appointed as a member of the Corporate Social Responsibility Committee with effect from 1st April, 2025. Corporate Social Responsibility Committee00148778Bhaskar BhatNon-Executive - Independent DirectorMember2022-08-102024-11-06true9942025-01-2175true9842025-02-0514true8832025-03-1133true873Audit Committee2024-11-06true3330Audit Committee2025-02-0590true3330Nomination and remuneration committee2024-11-06true4430Nomination and remuneration committee2025-02-0590true4430Nomination and remuneration committee2025-03-1133true4330Corporate Social Responsibility Committee2024-11-25true3320Corporate Social Responsibility Committee2025-03-20114true3320Stakeholders Relationship Committee2025-03-20true3320Risk Management Committee2025-01-21true5522truetruetruetrueYestruetruetrueG. T. GovindarajanCompany Secretary and Compliance OfficerYeswww.nerolac.comYeswww.nerolac.comYeswww.nerolac.comYeswww.nerolac.comYeswww.nerolac.comYeswww.nerolac.comYeswww.nerolac.comYeswww.nerolac.comYeswww.nerolac.comYeswww.nerolac.comYeswww.nerolac.comYeswww.nerolac.comYeswww.nerolac.comYeswww.nerolac.comYeswww.nerolac.comYeswww.nerolac.comYeswww.nerolac.comYeswww.nerolac.comNAYeswww.nerolac.comYeswww.nerolac.comYeswww.nerolac.comYeswww.nerolac.comYeswww.nerolac.comYeswww.nerolac.comYeswww.nerolac.comNAYeswww.nerolac.comYeswww.nerolac.comYeswww.nerolac.comYeswww.nerolac.comYeswww.nerolac.comYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesNAYesNAYesYesYesYesYesYesYesYesYesYesYesYesYesYesG. T. GovindarajanCompany Secretary and Compliance OfficerYesG. T. GovindarajanCompany Secretary and Compliance OfficerfalseG. T. GovindarajanCompany Secretary and Compliance OfficerMumbai2025-04-2800000Deputy Assistant Commissioner -1, Gandhinagar Circle, VijayawadaOrder is passed u/r. 129(3) of CGST Act, 2017 imposing penalty of Rs. 10,0002025-01-16A demand has arisen on account of detention of vehicle in Vijayawada, Andhra Pradesh for alleged descripancy in carrying documents. The company dischanged the laibility against the said order.There is no material impact on financials, operations or other activities of the Company.Assistant CommissionerOrder is passed u/s. 73(1) of CGST Act, 2017 imposing penalty of Rs. 54,448/-2025-02-24A demand has arisen for the FY 2020-2021 majorly on account of disallowance of Input Tax Credit for the state of Chhattisgarh. The company has relevant records to prove its claim and shall file an appeal against the said order.There is no material impact on financials, operations or other activities of the Company.Assistant Commissioner of State TaxOrder is passed u/s. 73 of CGST Act, 2017 imposing penalty of Rs. 4.97,323/-2025-02-27A demand has arisen for the FY 2020-2021 majorly on account of disallowance of Input Tax Credit for the state of Gujarat. The company has relevant records to prove its claim and shall file an appeal against the said order.There is no material impact on financials, operations or other activities of the Company.State Tax OfficerOrder is passed u/s. 73(9) of CGST Act, 2017 imposing penalty of Rs. 9,09,806/-2025-02-27A demand has arisen for the FY 2020-2021 majorly on account of disallowance of Input Tax Credit and difference in Tax liability between GSTR-3B vs GSTR-1 for the state of Jammu and Kashmir. The company has relevant records to prove its claim and shall file an appeal against the said order.There is no material impact on financials, operations or other activities of the Company.Assistant CommissionerOrder is passed u/s. 73(9) of CGST Act, 2017 imposing penalty of Rs. 3,21,867/-2025-02-25A demand has arisen for the FY 2020-2021 majorly on account of disallowance of Input Tax Credit for the state of Jharkhand. The company has relevant records to prove its claim and shall file an appeal against the said order.There is no material impact on financials, operations or other activities of the Company.Superintendent of Central TaxOrder is passed u/s. 73(9) of CGST Act, 2017 imposing penalty of Rs. 1,11,210/-2025-02-27A demand has arisen for the FY 2020-2021 majorly on account of disallowance of Input Tax Credit and difference in Tax liability between GSTR-3B vs GSTR-1 for the state of Karnataka. The company has relevant records to prove its claim and shall file an appeal against the said order.There is no material impact on financials, operations or other activities of the Company.Assistant CommissionerOrder is passed u/s. 73 of CGST Act, 2017 imposing penalty of Rs. 1,61,452/-2025-02-21A demand has arisen for the FY 2020-2021 majorly on account of disallowance of Input Tax Credit and difference in Tax liability between GSTR-3B vs GSTR-1 for the state of Telangana. The company has relevant records to prove its claim and shall file an appeal against the said order.There is no material impact on financials, operations or other activities of the Company.SuperintendentOrder is passed u/s. 74 of CGST Act, 2017 levying Interest of Rs. 8,82,241/-2025-01-28A demand has arisen for the FY 2017-2018 to 2019-20 on account of Interest liability for the state of Uttar Pradesh. The company has relevant records to prove its claim and shall file an appeal against the said order.There is no material impact on financials, operations or other activities of the Company.SuperintendentOrder is passed u/s. 73(9) of CGST Act, 2017 imposing penalty of Rs. 2,35,458/-2025-02-10A demand has arisen for the FY 2020-2021 majorly on account of disallowance of Input Tax Credit for the state of West Bengal. The company has relevant records to prove its claim and shall file an appeal against the said order.There is no material impact on financials, operations or other activities of the Company.SuperintendentOrder is passed u/s. 73(9) of CGST Act, 2017 imposing penalty of Rs. 2,84,600/-2025-02-17A demand has arisen for the FY 2020-2021 on account of Interest liability for the state of Bihar. The company has relevant records to prove its claim and shall file an appeal against the said order.There is no material impact on financials, operations or other activities of the Company.Deputy Assistant Commissioner of State TaxOrder is passed u/s. 129 (3) imposing penalty of Rs.10,000/-2025-01-16A demand has arisen on account of detention of goods in the state of Andhra Pradesh. The company discharged the penalty against the said detention.There is no material impact on financials, operations or other activities of the Company.Assistant Commissioner of State TaxOrder is passed u/s. 129 (3) imposing penalty of Rs.35,796/-2025-01-25A demand has arisen on account of detention of goods for the state of Uttar Pradesh. The company discharged the penalty against the said detention.There is no material impact on financials, operations or other activities of the Company.Assistant Commissioner of State TaxOrder is passed u/s. 129 (3) imposing penalty of Rs.54,298/-2025-03-01A demand has arisen on account of detention of goods for the state of Uttar Pradesh. The company discharged the penalty against the said detention.There is no material impact on financials, operations or other activities of the Company.Deputy Commissioner of GST2023-08-14A demand was raised during the financial year 2022-23 on account of discrepancy between Input Tax Credit (“ITC”) claimed by the Company in GSTR 3B and data appearing in GSTR 2A for FY 2017-18. FY 2017-18 was the first year of implementation of GST, the data fetched in GSTR 2A on GST portal was not accurate and complete. The Company has relevant records to prove its claim for ITC.The Company on 5th March 2025 had informed that an order had been received from the Joint Commissioner of State Tax, Mumbai, giving partial relief in respect of the appeal filed against the said demand. The demand has been reduced to Rs. 15.16 Crores. The Company has relevant records to prove its claim and shall file a further appeal against the said order before the GST TribunalGoods and Services Tax Officer2024-05-14Order under Section 73(9) of Central Goods and Service Tax Act, 2017 has been received showing demand on account of alleged short payment of GST on the turnover declared in GSTR-9 and wrong availment of Input Tax Credit for FY 2018-19 for the State of New Delhi. The order has been passed based on wrong understanding of the facts and records and is an error apparent on the face of the record. The Company has already paid adequate and appropriate taxes, as required, and the same is reflected in the GST returns filed during FY 2018-19. The Company has relevant records to prove its claims. The Company is in the process of filing application for rectification of order/appeal.The Company has filed an appeal and personal hearing is awaited.00000000000000000000000000000000All loans (or other form of debt), guarantees, comfort letters (by whatever name called) or securities in connection with any loan(s) (or other form of debt) given directly or indirectly by the listed entity to promoter(s), promoter group, director(s) (including their relatives), key managerial personnel (including their relatives) or any entity controlled by them are in the economic interest of the company.truePrashant PaiCFOMumbai2025-04-28