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JSW Paints Limited, a promoter of JSW Dulux Limited, has entered into a debenture trust deed dated November 4, 2026, with Axis Trustee Services Limited, to partially refinance existing financial indebtedness. The deed, which includes certain provisions falling under the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015, involves an issuance of INR 29,50,00,000 in listed, redeemable non-convertible debentures. JSW Paints Limited holds 61.20% of JSW Dulux Limited’s shares and the deed includes restrictions on certain actions by JSW Dulux Limited, such as asset sales and incurring financial indebtedness, and requires JSW Paints to maintain control over JSW Dulux Limited.

JSW Dulux Ltd share price ticked higher by 1.38% to Rs 264.0. The Company`s net profit declined by 10.41% to Rs 71.4 crore, while revenue from operations softened by 0.32% to Rs 961.9 crore in Q3FY26 over Q2FY26. The market capitalization of Paints industry group stocks on BSE stood at Rs 3.63 lakh crore, gaining 0.36%. It has improved by 4.42% over last one week and retreating 10.72% in last one month while the market capitalization of JSW Dulux Ltd has slipped by 4.78% and 12.40% in the same period respectively. Profit before tax (PBT) of JSW Dulux Ltd stood at Rs 88.8 crore in Q3 FY26, tumbling by 95.50% year-on-year, and nosediving by 24.55% quarter-on-quarter. EBITDA came in at Rs 109 crore, easing 5.44% YoY and expanding by 21.34% sequentially. Total expenses inched up 0.08% to Rs 871.0 crore in Q3FY26 over Q3FY25. During the quarter, cost of materials consumed stood at Rs 608.4 crore, softening by 4.31% YoY, while employee benefits expense was at Rs 71.0 crore, tanking by 14.04% YoY. For the TTM ended FY26, revenue from operations fell 11.55% to Rs 3599.2 crore, while net profit jumped 359.56% to Rs 1973.8 crore, compared to previous TTM. EBITDA jumped by 59880% to Rs 410.0 crore, and PBT witnessed a strong rise of 315.07% to Rs 2365.5 crore compared to previous TTM. The company`s consolidated net cash flow from operating activities stood at Rs 93.2 crore in FY26, as against Rs 311.0 crore in FY25. JSW Dulux Ltd crashed 18.54% in last one year, underperforming the benchmark BSE Sensex which has slipped by 7.38% during the same period.

JSW Dulux Limited will hold a meeting of its Board of Directors on Wednesday, November 4, 2026, to consider and approve the un-audited standalone financial results for the quarter and six months ended September 30, 2026, as well as the un-audited consolidated financial results for the same period.

JSW Dulux Limited, formerly Akzo Nobel India Limited, has received a certificate dated October 9, 2026, from MUFG Intime India Private Limited, formerly Link Intime India Private Limited, confirming compliance with Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, for the quarter ended September 30, 2026.

JSW Dulux Limited, formerly Akzo Nobel India Limited, announced that the trading window for dealing in securities of the company will be closed for designated persons, their immediate relatives, and connected persons from Thursday, October 1, 2026, until 48 hours after the declaration of the company’s unaudited financial results for the quarter ended September 30, 2026.