Asian Paints Limited announced that Mr. Deepak Satwalekar (DIN: 00009627) has ceased to be an Independent Director and Chairman of the Company with effect from close of business hours on 30th September 2023, upon completion of his tenure as an Independent Director in terms of Section 149(11) of the Companies Act, 2013. Mr. R Seshasayee, Independent Director, shall take over as the Chairman of the Company with effect 1st October 2023 upto the conclusion of his term of appointment on 22nd January 2027. Mr. Manish Choksi shall continue to be the Non-Executive Vice Chairman of the Company.