Asian Paints Limited

Statement in accordance with Rule 5(2) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 1. list of employees of the Company employed throughout the financial year 2020-21 and who were paid remuneration of not less than ` 1.02 crores per annum:

Experience Joining Age Name(s) Designation(s) Remuneration (`) Qualification(s) Last employment (years) Date (years)

Aashish Kshetry Vice President - Hr & Systems 2,65,30,297 B.E., MMS 32 04-Jun-92 53 Larsen & Toubro Limited Amit Rajde General Manager - Project Sales 1,20,87,969 B.E., MMS 21 16-Jun-03 46 Limited Amit Kumar Singh General Manager - Corporate Affairs 1,07,46,276 B.Sc., MA, M. Phil 21 03-Feb-20 45 Medtronic Private Limited Amit Syngle@$ Managing Director & Ceo 10,41,59,592 B.E., MBA 33 01-Jun-90 55 SEI Services Amit Sahni General Manager - Purchase & New Products 1,05,22,821 B.E., PGDM 26 06-Jun-96 49 The National Leather Cloth Manufacturing Company Limited Anirudha Deshmukh General Manager - Joint Value Creation 1,67,58,609 B.E., PGDM 25 06-Jun-96 48 - Arvind Iyer General Manager - Services & Retailing 1,02,35,270 B.Sc., MBA 17 06-Jun-05 40 Agro Tech Foods Limited Ashish Rae General Manager - Bath Division 1,32,70,495 B.E., PGDM 19 20-Jun-05 44 Hindustan Coca Cola Beverages Private Limited Bhushan Pradhan General Manager - Technology 1,29,98,284 B.Sc., MA 30 10-Jun-13 54 Brushworks Paints Limited Deepak Bhosale General Manager - Systems 1,43,29,370 B.E., PGDIM 27 03-Jun-98 49 Larsen & Toubro Limited Gagandeep Kalsi General Manager - Strategy & New Businesses 1,04,21,067 B.E., PGDM 17 17-May-06 40 Tata Consultancy Services Harish Lade Vice President - Supply Chain 2,19,23,708 B.E., PGDCM 28 06-Jun-96 49 Tata Telecom Limited Hiral Kumar Raja General Manager - Accounts, Ssc & Taxation 1,64,78,109 M.Com., CA 19 18-Nov-02 41 Larsen & Toubro Limited Jaideep Kanse General Manager - Strategy & Innovation; 1,37,85,120 B.E., PGDM 26 01-Dec-97 53 Consensys Software Customer Centricity & Csr K Thulaseedharan Nair General Works Manager 1,38,97,425 B.Tech 34 28-Mar-90 58 Jyoti Limited Krishnan Vaidyanathan General Manager - Human Resources 1,23,65,478 B.Com., PGDPMIR 19 02-May-02 43 Horizon Financial Services Lakshmi Narayanan B General Manager - Marketing 1,09,07,527 B.E., MBA 16 24-Jul-06 40 Samsung India Electronics Private Limited Maulik Desai Business Head - Sleek 1,17,74,819 B.E., MMS 19 19-Jul-04 44 Agro Tech Foods Limited Narasimhan K General Manager - Manufacturing 1,18,28,936 B.E. 28 30-Jul-07 51 Pepsico India Holdings Private Limited P Sriram General Manager - Internal Audit & Risk 1,54,91,406 B.Com., CA, CWA 24 12-Jan-98 47 PricewaterhouseCoopers Private Limited Parag Rane General Manager - Finance 1,34,27,569 B.E., PGDM 18 02-Jun-03 43 Mahindra British Telecom Pragyan Kumar Vice President - Home Improvement 2,17,28,369 B.Tech., PGDM 25 06-Jun-96 48 - Rajeev Kumar Jain Chief Manager - Technology 1,04,78,176 B.Sc., M.Sc., Ph.D 35 19-Jan-05 56 Beck India Limited Rajeev Kumar Goel Vice President - Technology 2,30,41,121 B. Sc., B.Tech. 32 02-Jun-89 55 - R J Jeyamurugan* CFO & CS 2,57,77,608 B.Com., CA, CS 30 15-Nov-91 56 Sri Kannapiran Mills Limited Sameer Salvi Associate Vice President - Mantech; Strategy 2,03,10,800 B.E. 30 18-Mar-93 51 Mukand Limited & New Businesses Shyam Swamy Associate Vice President - Project Sales; 1,48,57,043 B.E., PGDM 22 12-May-99 48 ESAB India Limited Services & Retailing and Decor Sumit Midha Associate Vice President - Retail Sales & 1,38,92,182 B.Com., PGDM 25 03-Jan-20 45 Praxis Home Retail Limited Marketing Suresh KM Chief Manager - Home Improvement 1,10,58,630 B.Tech. 27 28-Sep-06 51 Avasarala Technologies Limited V Ravi General Manager - Manufacturing 1,47,84,015 B.Sc., M.Sc. 33 01-Aug-88 56 Ganesh Medicament Private Limited V Subramanian General Manager - Commercial 1,90,28,858 B.E. (Mechanical), 40 23-Sep-85 62 Philips India Limited DBM Yogesh Pethkar General Manager - Manufacturing 1,29,09,144 B.E., PGDIE 20 07-Jul-03 43 India Limited Notes: 1. @ The contractual terms of Mr. Amit Syngle, Managing Director & CEO are governed by the resolution passed by the shareholders in the 74th Annual General Meeting of the Company held on 5th August, 2020. Remuneration excludes Performance based incentive of ` 1,80,00,000 (Rupees one crore and eighty lakhs) paid for previous financial years. $ The remuneration paid to Mr. Amit Syngle, Managing Director & CEO, for the financial year 2020-21, excludes` 2,47,00,000 (Rupees two crores and forty seven lakhs) worth of Stock Options which would be granted in accordance with the 2021 Employee Stock Option Plan (2021 Plan), subject to approval of the shareholders of the Company. The stock options would vest after fulfillment of vesting conditions in accordance with the 2021 Plan.

Annual Report 2020-21 1 Asian Paints Limited

2. *The remuneration paid to Mr. R. J. Jeyamurugan, in his capacity as CFO & Company Secretary, for the financial year 2019-20 was for part of the year. Remuneration excludes an amount of ` 15,00,000 (Rupees fifteen lakhs) towards deferred incentive paid for the financial year 2017-18. 3. None of the employees mentioned above are related to any of the Directors of the Company within the meaning of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 and other applicable provisions if any. 4. None of the employees was in receipt of remuneration in excess of that drawn by the Managing Director and none of them hold by themselves or along with their spouse and dependent children, two percent or more of the equity shares of the Company. 5. All appointments are contractual and terminable by notice on either side. 6. r emuneration includes salary, bonus, commission, various allowances, performance incentive, contribution to provident fund and superannuation fund and taxable value of perquisites but excludes provision for gratuity and leave encashment.

2. list of employees of the Company employed for the part of the year and were paid monthly remuneration not less than ` 8.5 lakhs per month:

Experience Joining Age Name(s) Designation(s) Remuneration (`) Qualification(s) Last employment (years) Date (years)

CL Sethunathan Associate Vice President - Project Sales; 1,06,48,494 B.Com 32 18-Jun-90 54 Enkay Telecommunications Services & Retailing (India) Private Limited MR Parasuram Chief Manager - Systems 52,75,493 B.Sc., M. Sc. 33 22-Mar-88 57 Ador Computers Private Limited Rajesh Menon General Manager - Materials 1,15,97,960 B.Tech, PGDBM 27 12-May-99 49 The Arvind Mills Limited S Ravi Venkatramana Chief Manager - Systems 87,23,687 B.Sc. 29 20-Jan-92 50 - Satish Kulkarni Vice President - Decor 99,23,490 B.E., PGDM 31 02-Jun-93 52 Tata Engineering and Locomotive Company Limited Srikanth SK General Manager - Decor 38,30,171 B.Arch., PGDM 18 02-Jun-03 43 - Gopalakrishnan Narayanan General Works Manager 99,39,827 B.Sc., M.Sc., MBA 35 01-Jun-87 58 Parle Beverages Private Limited

Notes: 1. None of the employees mentioned above are related to any of the Directors of the Company within the meaning of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 and other applicable provisions, if any. 2. None of the employees was in receipt of remuneration in excess of that drawn by the Managing Director and none of them hold by themselves or along with their spouse and dependent children, two percent or more of the equity shares of the Company. 3. All appointments are contractual and terminable by notice on either side. 4. r emuneration includes salary, bonus, commission, various allowances, performance incentive, contribution to provident fund and superannuation fund and taxable value of perquisites but excludes provision for gratuity and leave encashment.

Annual Report 2020-21 2