JSW Dulux FY26 Report: ₹206 Dividend, July 10 AGM

Key announcement and why it matters

JSW Dulux Limited has released its FY26 Annual Report and shared the Notice for its 72nd Annual General Meeting (AGM). Alongside the annual report disclosure, the company highlighted a record total dividend of ₹206 per equity share for FY 2025-26, comprising a special interim dividend and a proposed final dividend. For shareholders, the update combines two key decision points: access to statutory disclosures for FY26 and voting on agenda items including the final dividend.

The company said the annual report and AGM notice are being dispatched to members in electronic mode. For shareholders who have not registered email addresses, JSW Dulux is sending a letter containing a weblink and a QR code to access both documents. The AGM is scheduled to be conducted through Video Conferencing (VC) or Other Audio Visual Means (OAVM), aligning the meeting format with applicable regulatory requirements.

FY26 financial snapshot from the annual report

The FY26 annual report reported revenue of ₹3,599.2 crore. The company also reported that revenue from operations declined 12% to ₹3,599.2 crore. On profitability, JSW Dulux reported a 360% surge in consolidated profit after tax (PAT) to ₹1,973.8 crore, and attributed the jump largely to exceptional items linked to the sale of its Powder Coatings and IRC divisions.

For the March quarter, revenue from operations for Q4FY26 was ₹883.3 crore (₹8,833 million). This was down 12.92% year-on-year from ₹1,014.4 crore (₹10,144 million) in Q4FY25, and down 1.24% sequentially from ₹894.4 crore (₹8,944 million) in Q3FY26. The company also disclosed that Q4 volume growth rebounded to 23%, pointing to stronger volumes during the quarter even as reported revenue fell.

Record dividend: components and funding

JSW Dulux declared that the total dividend for FY 2025-26 amounts to ₹206 per equity share, described as the highest ever declared by the company for a single financial year. The payout is made up of:

• A special interim dividend of ₹156 per equity share, declared in August 2025 and funded from proceeds of the slump sale.
• A final dividend of ₹50 per equity share for FY 2025-26, recommended by the Board and subject to shareholder approval at the 72nd AGM.

The company said the final dividend, if approved, will result in an appropriation of ₹227.7 crore (inclusive of TDS). It also reiterated that dividend income is taxable in the hands of shareholders under the Income-tax Act, 1961, and advised shareholders to ensure PAN, residential status, and bank details are updated to enable correct tax deduction at source (TDS) and smoother dividend payment processing.

AGM schedule, virtual format, and compliance

The 72nd AGM is scheduled for Friday, 10 July 2026 at 2:00 PM IST. The company will hold the meeting virtually via VC/OAVM. JSW Dulux also stated that the meeting format and process are aligned with the Companies Act, 2013 and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, along with relevant circulars issued by the Ministry of Corporate Affairs and SEBI.

For shareholder access, the company shared that both the AGM notice and annual report can be accessed on its website at https://akzonobel.co.in/investors.php#reports and on NSDL’s e-voting website at www.evoting.nsdl.com. For shareholders without registered email addresses, the company is sending a physical letter that includes the weblink and a QR code.

Remote e-voting window and participation details

JSW Dulux informed members that remote e-voting will open on 7 July 2026 at 9:00 am and close on 9 July 2026 at 5:00 pm. Detailed instructions for remote e-voting and for joining the virtual AGM are provided in the AGM notice, as referenced by the company.

The company’s communication also underlined practical steps for shareholders, including ensuring bank details are updated for electronic dividend transfers. It said dividend payments will be made through electronic transfer modes for shareholders with updated bank details. For those holding shares in electronic mode without updated bank information, physical dividend warrants or demand drafts will be dispatched via post.

Dividend record date and payment timeline

JSW Dulux fixed Friday, 3 July 2026 as the record date to determine shareholder eligibility for the final dividend for FY 2025-26. The company stated that the final dividend, if declared at the AGM, will be paid on or before 8 August 2026. It also disclosed that the Board approved the final dividend recommendation at its meeting held on 13 May 2026.

AGM agenda: ordinary and special business

The AGM will include ordinary business such as adoption of the audited standalone and consolidated financial statements for FY 2025-26, confirmation of the interim dividend, and appointment of directors. The company also disclosed special business items, including ratification of remuneration for cost auditors and the appointment of M/s Deloitte Haskins & Sells LLP as Statutory Auditors for a five-year term from FY 2026-27 to FY 2030-31.

Disclosures around results communication

JSW Dulux held an investor call on 14 May 2026 to present audited financial results for the quarter and year ended 31 March 2026. The company also disclosed newspaper advertisements published on 15 May 2026 in Business Standard (all India editions) in English and Aaj Kaal in Bengali, notifying stakeholders of the financial results for the quarter and year ended 31 March 2026. The company linked this disclosure to compliance under Regulation 30 of SEBI (LODR).

Market and stock metrics cited alongside the update

The information set also cited market metrics for JSW Dulux Ltd (JSWDULUX), including a dividend yield of 6.63, a P/E ratio of 7.17, and a P/B ratio of 5.77. It also listed a share price of ₹3,199.10 with a move of ₹29.05 (-0.90%) as of 28/06/26, 1:36 PM.

Key facts table

Dividend history points cited in corporate action data

Why the FY26 update stands out

The FY26 communication is notable for combining a statutory disclosure cycle with one of the company’s largest shareholder payout announcements. The company’s reported PAT surge to ₹1,973.8 crore was linked to exceptional items from divestments, while revenue from operations for FY26 was reported at ₹3,599.2 crore with a 12% decline. On payouts, the FY26 total dividend of ₹206 per share stands out because it includes a special interim dividend funded from slump sale proceeds, plus a final dividend that is still subject to shareholder approval.

For investors, the near-term focus is procedural and date-driven: eligibility is tied to the 3 July 2026 record date, voting is enabled through NSDL’s remote e-voting window from 7-9 July 2026, and the final dividend payment timeline is stated as on or before 8 August 2026 if approved.

Conclusion

JSW Dulux has set out the FY26 annual report, AGM notice, and voting timetable, while also asking shareholders to vote on a ₹50 per share final dividend that would take the FY26 total to a record ₹206 per share. The next key milestone is the 72nd AGM on 10 July 2026 at 2:00 PM IST via VC/OAVM, where shareholder approvals on dividends and other agenda items will be considered.