Berger Paints Nigeria AGM 2026: Dividend, Directors & Key Resolutions

Berger Paints Nigeria Plc held its 66th Annual General Meeting virtually on Thursday, 21 May 2026, and published the outcomes via a Corporate Actions filing dated 22 May 2026.

Shareholders approved a final dividend of ₦1.25 per 50 kobo ordinary share for the financial year ended 31 December 2025. The qualification date for the dividend was the close of business on 23 April 2026, and payment will be subject to applicable withholding tax deductions.

Two Independent Non-Executive Directors, Mrs. Erejuwa Gbadebo and Dr. Aisha Umar, retired by rotation and were subsequently re-elected to the Board. The Statutory Audit Committee was reconstituted with three shareholder representatives (Mr. Chibuzor Eke, Mrs. Mary Joke Shofolahan, and Mr. Taiwo Afinju) alongside two Board-appointed members, Dr. Ogechi Iheanacho and Mr. Kunle Olowokande.

Under special business, shareholders approved a retirement benefit payment of ₦37,030,000 to Mr. Raj Mangtani following his departure from the Board. The Company's total managerial remuneration for 2025 was disclosed as ₦280,432,513.33. Shareholders also renewed the General Mandate for recurring related party transactions, effective until the next AGM.