• Management expects EBITDA margins to be in the range of 13% to 15%, driven by crude prices. • The company's strategic vision is to become a number two player overall, aiming for the number one position in Industrial Coatings within 1 to 1.5 years, with a broader 2030-2031 vision. • For the Decorative business, the mission is to continuously gain market share and deliver absolute EBITDA. • Investments in R&D and adding approximately 160 people in sales are considered a "correction" to build a strong foundation, not an annual addition, with expectations for EBITDA margins to return to the target band. • Project Akshaya, an integration program with JSW Paints, is a three-year roadmap designed to unlock synergies, reduce duplication, and fund growth initiatives.

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