Akzo Nobel India board approves key intellectual property, brand deals

Akzo Nobel India Limited (ANIL) announced the outcome of its board meeting held on November 12, 2025, detailing new agreements with Akzo Nobel N.V. (AN N.V.), its ultimate holding company. These agreements, an Intellectual Property License Amendment and Consolidation Agreement (IPLA) and a Corporate Brand License Agreement (CBLA), follow the proposed acquisition of ANIL by JSW Paints Limited.

The IPLA grants ANIL the right to use certain intellectual property rights (copyright, patents, domain names, trademarks, and know-how) for performance coatings products in India, Bangladesh, Bhutan, Nepal, and Sri Lanka on a royalty-bearing license basis. ANIL will pay royalties on distribution and sale of products using this intellectual property, adhering to approved related party transaction limits. This transaction is considered "arm's length."

Separately, the CBLA permits ANIL to use the 'Corporate Brand' royalty-free for a transitional period of 15 months post-completion of the SPA. This is a related party transaction where ANIL will incur costs to phase out the AkzoNobel brand within 12-18 months. Both agreements are essential for continued manufacturing, distribution, and sale activities after the proposed transaction and do not impact ANIL's management or control.