Shalimar Paints logo

Shalimar Paints MD, chairman, board of directors and AGM

NSE: SHALPAINTSBSE: 509874Consumer DurablesSmall Cap

Last close ₹77.36down ₹3.95 (4.86%)BSE ₹77.75

Share price at the NSE close on 23 Oct 2026. Previous close ₹81.31.

52-week range of traded prices to 23 Oct 2026
₹35.21Low, 30 Mar 2026₹95.95High, 17 Aug 2026
Market cap
₹648 Cr1,891st largest listed
P/E
Lossover the last 12 months
P/B
2.6
Dividend yield
Nonein the last 12 months
ROE
−24.5%
ROCE
−11.5%
Debt to equity
0.63
Volume, NSE
1,12,575

Shalimar Paints board of directors

At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

  • ChairpersonRajeev Uberoi
  • Company Secretary and Compliance OfficerSnehal Saboo

8 directors4 independent1 executive3 non-executive

  • Rajeev Uberoi · ChairpersonIndependent · joined May 2021 · reappointed May 2024 · 61 months as independent · 6 listed boards · 6 as independent · 8 committee seats, 2 as chair
  • Atul Rasiklal DesaiIndependent · joined Jun 2023 · reappointed Jun 2026 · 36 months as independent · 1 listed board · 1 as independent · 1 committee seat, 1 as chair
  • Vijay Kumar SharmaIndependent · joined Jul 2024 · reappointed Jul 2024 · 23 months as independent · 1 listed board · 1 as independent · 3 committee seats, 3 as chair
  • Shan JainIndependent · joined Feb 2023 · reappointed Feb 2026 · 40 months as independent · 1 listed board · 1 as independent · 5 committee seats
  • Kuldip RainaExecutive · joined Apr 2025 · 1 listed board · 1 committee seat
  • Aaditya Gajendra ShardaNon-executive · joined Apr 2024 · 1 listed board · 3 committee seats
  • Souvik Pulakesh SenguptaNon-executive · joined Feb 2022 · 1 listed board · 3 committee seats
  • Abhijeet JhawarNon-executive · joined May 2026 · 1 listed board

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

1 director who left
  • Venugopal Chetlur, left 4 Mar 2026: Others

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 28 May 20267 of 8 present4 independent · 104 days in between
    • 12 Feb 20267 of 8 present4 independent

  • Audit Committee

    Chair Vijay Kumar Sharma

    Rajeev Uberoi, Shan Jain, Aaditya Gajendra Sharda

    • 28 May 20264 of 4 present3 independent · 104 days in between
    • 12 Feb 20263 of 4 present3 independent

  • Nomination and remuneration committee

    Chair Atul Rasiklal Desai

    Rajeev Uberoi, Shan Jain

    • 28 May 20263 of 3 present3 independent · 412 days in between
    • 10 Apr 20253 of 3 present3 independent

  • Stakeholders Relationship Committee

    Chair Atul Rasiklal Desai

    Shan Jain, Kuldip Raina, Aaditya Gajendra Sharda

    No meeting listed in the filing.

  • Risk Management Committee

    Chair Shan Jain

    Rajeev Uberoi, Kuldip Raina, Souvik Pulakesh Sengupta

    • 28 May 20263 of 4 present2 independent · 196 days in between
    • 12 Nov 20253 of 4 present2 independent

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Mar 2026.

  • Walker Chandiok & Co LLPPeer-review certificate valid to May 2028

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

Shalimar Paints AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Shalimar Paints dividend history

Extraordinary general meeting, 11 Sep 2026

32,400 shareholders on the register on 4 Sep 2026; present: 7 promoters and 61 others; votes counted by ANKUSH AGARWAL / MAKS & CO..The company's voting result (opens in a new tab)

  1. ISSUE, OFFER & ALLOT UPTO 83,03,072* EQUITY SHARES ON PREFERENTIAL BASIS FOR CASH CONSIDERATION * As per corrigendum to the EGM notice dated September 3,2026
    Special
    99.58% for0.42% against

    Against: promoters 0.00% · institutions 0.00% · other public 18.85%

    Turnout: all 76.62% · promoters 99.94% · institutions 4.40% · other public 6.80%

  2. ISSUE, OFFER & ALLOT UPTO 41,70,21,987 EQUITY SHARES ON PREFERENTIAL BASIS FOR CONSIDERATION OTHER THAN CASH
    Special
    99.35% for0.65% against

    Against: promoters 0.00% · institutions 0.00% · other public 29.33%

    Turnout: all 76.62% · promoters 99.94% · institutions 4.40% · other public 6.80%

  3. ISSUE, OFFER & ALLOT UPTO 81,12,02,664 COMPULSORY CONVERTIBLE PREFERENCE SHARES (‘‘CCPS’’) ON PREFERENTIAL BASIS FOR CONSIDERATION OTHER THAN CASH
    Special
    99.35% for0.65% against

    Against: promoters 0.00% · institutions 0.00% · other public 29.33%

    Turnout: all 76.62% · promoters 99.94% · institutions 4.40% · other public 6.80%

  4. APPROVAL TO RAISE CAPITAL BY WAY OF A QUALIFIED INSTITUTIONS PLACEMENT (‘QIP’) TO ELIGIBLE INVESTORS THROUGH AN ISSUANCE OF EQUITY SHARES FOR AN AMOUNT AGGREGATING UP TO RS. 1000 CRORES IN ONE OR MORE TRANCHESMoreLess
    Special
    99.58% for0.42% against

    Against: promoters 0.00% · institutions 0.00% · other public 18.79%

    Turnout: all 76.62% · promoters 99.94% · institutions 4.40% · other public 6.80%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 9 Sep 2026, 5 resolutions

32,492 shareholders on the register on 2 Sep 2026; present: 5 promoters and 67 others; votes counted by ANKUSH AGARWAL / MAKS & CO..The company's voting result (opens in a new tab)

  1. TO RECEIVE, CONSIDER AND ADOPTa) the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2026, together with the reports of the Board of Directors and Auditors’ thereon; and b) the Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2026, together with reports of Auditors’ thereonMoreLess
    Ordinary
    99.95% for0.05% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.72%

    Turnout: all 75.92% · promoters 99.94% · institutions 4.40% · other public 4.00%

  2. TO CONSIDER AND IF THOUGHT FIT, PASS FOLLOWING RESOLUTION AS AN ORDINARY RESOLUTION TO APPOINT A DIRECTOR IN PLACE OF MR. AADITYA GAJENDRA SHARDA (DIN 07024283), WHO RETIRES BY ROTATION AT THIS MEETING AND BEING ELIGIBLE, OFFERS HIMSELF FOR RE-APPOINTMENTMoreLess
    Ordinary
    99.95% for0.05% against

    Against: promoters 0.00% · institutions 100.00% · other public 3.72%

    Turnout: all 75.92% · promoters 99.94% · institutions 4.40% · other public 4.00%

  3. INCREASE AND RESTRUCTURING IN AUTHORISED SHARE CAPITAL OF THE COMPANY
    Ordinary
    99.91% for0.09% against

    Against: promoters 0.00% · institutions 0.00% · other public 6.70%

    Turnout: all 75.92% · promoters 99.94% · institutions 4.40% · other public 4.00%

  4. INCREASE IN LIMITS OF INVESTMENT UNDER SECTION 186 OF THE COMPANIES ACT 2013
    Special
    99.91% for0.09% against

    Against: promoters 0.00% · institutions 100.00% · other public 6.70%

    Turnout: all 75.92% · promoters 99.94% · institutions 4.40% · other public 4.00%

  5. TO RATIFY REMUNERATION PAYABLE TO COST AUDITORS FOR THE FINANCIAL YEAR 2026-27
    Ordinary
    99.95% for0.05% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.73%

    Turnout: all 75.92% · promoters 99.94% · institutions 4.40% · other public 4.00%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 13 Jun 2026, 2 resolutions

32,475 shareholders on the register on 8 May 2026; votes counted by ANKUSH AGARWAL / MAKS & Co..The company's voting result (opens in a new tab)

  1. REAPPOINTMENT OF MR. ATUL RASIKLAL DESAI (DIN: 01918187) AS INDEPENDENT DIRECTOR OF THE COMPANY FOR A SECOND TERM OF THREE YEARS
    Special
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 35.44%

    Turnout: all 74.56% · promoters 99.37% · institutions 30.36% · other public 0.18%

  2. APPOINTMENT OF MR. ABHIJEET JHAWAR (DIN: 11536278) AS A DIRECTOR OF THE COMPANY
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 35.28%

    Turnout: all 74.56% · promoters 99.37% · institutions 30.36% · other public 0.18%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 6 Feb 2026, 1 resolution

33,054 shareholders on the register on 2 Jan 2026; votes counted by ANKUSH AGARWAL / MAKS & Co.The company's voting result (opens in a new tab)

  1. To consider and approve the Reappointment of Ms. Shan Jain (DIN: 09661574) as an Independent Director of the Company
    Special
    99.95% for0.05% against

    Against: promoters 0.00% · institutions 0.00% · other public 44.19%

    Turnout: all 74.63% · promoters 99.39% · institutions 52.05% · other public 0.37%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 26 Sep 2025, 4 resolutions

33,171 shareholders on the register on 19 Sep 2025; present: 17 promoters and 60 others; votes counted by ANKUSH AGARWAL / MAKS & CO..The company's voting result (opens in a new tab)

  1. TO RECEIVE, CONSIDER AND ADOPT: a) THE AUDITED STANDALONE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED MARCH 31, 2025, TOGETHER WITH THE REPORTS OF THE BOARD OF DIRECTORS AND AUDITORS’ THEREON; AND b) THE AUDITED CONSOLIDATED FINANCIAL STATEMENTS OF THE COMPANY FOR THE FINANCIAL YEAR ENDED MARCH 31, 2025, TOGETHER WITH REPORTS OF AUDITORS’ THEREON.MoreLess
    Ordinary
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 15.53%

    Turnout: all 74.63% · promoters 99.39% · institutions 4.40% · other public 0.51%

  2. TO CONSIDER AND IF THOUGHT FIT, PASS FOLLOWING RESOLUTION AS AN ORDINARY RESOLUTION TO APPOINT A DIRECTOR IN PLACE OF MR. SOUVIK PULAKESH SENGUPTA (DIN- 07248395), WHO RETIRES BY ROTATION AT THIS MEETING AND BEING ELIGIBLE, OFFERS HIMSELF FOR RE-APPOINTMENT.MoreLess
    Ordinary
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 16.69%

    Turnout: all 74.63% · promoters 99.39% · institutions 4.40% · other public 0.51%

  3. TO APPOINT M/S MAKS & CO., COMPANY SECRETARIES IN PRACTICE [FIRM REGISTRATION NUMBER P2018UP067700] AS THE SECRETARIAL AUDITOR OF THE COMPANY FOR A TERM OF 5 CONSECUTIVE YEARS
    Ordinary
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 15.56%

    Turnout: all 74.63% · promoters 99.39% · institutions 4.40% · other public 0.51%

  4. TO RATIFY REMUNERATION PAYABLE TO OF COST AUDITORS FOR THE FINANCIAL YEAR 2025-26
    Ordinary
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 15.56%

    Turnout: all 74.63% · promoters 99.39% · institutions 4.40% · other public 0.51%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 16 May 2025, 2 resolutions

30,366 shareholders on the register on 11 Apr 2025; votes counted by ANKUSH AGARWAL / MAKS and CO.The company's voting result (opens in a new tab)

  1. Appointment of Mr. Kuldip Raina as Director of the Company
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.09%

    Turnout: all 74.33% · promoters 96.66% · institutions 84.45% · other public 0.38%

  2. Appointment of Mr. Kuldip Raina as Managing Director and Chief Executive Officer (MD & CEO) of the Company
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.08% · other public 1.11%

    Turnout: all 74.33% · promoters 96.66% · institutions 84.45% · other public 0.38%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 27 Sep 2024, 6 resolutions

Present: 17 promoters and 72 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt:na) the audited standalone financial statements of the Company for the financial year ended onnMarch 31, 2024 together with the Reports of the Board of Directors and the Auditors thereon;nandnb) the audited consolidated financial statements of the Company for the financial year ended onnMarch 31, 2024 together with the Report of the Auditors thereon.nMoreLess
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 4.00%

    Turnout: all 75.95% · promoters 99.85% · institutions 79.99% · other public 1.25%

  2. To appoint a Director in place of Mr. Aaditya Gajendra Sharda (DIN: 07024283), who retires bynrotation and being eligible, offers himself for re-appointment.n
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 4.43% · other public 4.78%

    Turnout: all 75.95% · promoters 99.85% · institutions 79.99% · other public 1.25%

  3. Appointment of Mr. Vijay Kumar Sharma (DIN: 01468701) as Non-Executive Independent Director of the Company.
    Special
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 4.81%

    Turnout: all 75.95% · promoters 99.85% · institutions 79.99% · other public 1.25%

  4. Appointment of Mr. Venugopal Chetlur (DIN: 08686707) as Director of the Company
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 4.79%

    Turnout: all 75.95% · promoters 99.85% · institutions 79.99% · other public 1.25%

  5. Appointment of Mr. Venugopal Chetlur (DIN: 08686707) as Whole-time Director (designated as ‘Chief Operating Officer & Whole-time Director’) of the Companyn
    Special
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 4.79%

    Turnout: all 75.95% · promoters 99.85% · institutions 79.99% · other public 1.25%

  6. Ratification of remuneration of Cost Auditors of the Company
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 4.75%

    Turnout: all 75.95% · promoters 99.85% · institutions 79.99% · other public 1.25%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 4 Jul 2024, 2 resolutions

The company's voting result (opens in a new tab)

  1. Appointment of Mr. Aaditya Gajendra Sharda (DIN: 07024283) as a Director of the Company
    Ordinary
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.76%

    Turnout: all 78.18% · promoters 99.13% · institutions 86.72% · other public 12.70%

  2. Re-appointment of Dr. Rajeev Uberoi (DIN: 01731829) as an Independent Director of the Company for a second term of three consecutive years
    Special
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.77%

    Turnout: all 78.18% · promoters 99.13% · institutions 86.72% · other public 12.70%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved

Open at the quarter's end

None open at any quarter's end.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
Yes
The chair is related to the managing director
No
The filing has a part on fines and penalties
No
The filing has a part on tax disputes
No
There was a cyber security incident in the quarter
No

The company's own answers in its filing.