Please find attached Notice of Postal Ballot.
SHALPAINTS · price
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Shalimar Paints Limited has issued a postal ballot notice seeking shareholder approval for two resolutions. First, the reappointment of Mr. Atul Rasiklal Desai as an Independent Director for a second term of three years (June 28, 2026 to June 27, 2029). Mr. Desai, aged 64, brings 35+ years of experience in the Building Materials Industry and previously served as Executive Director and CEO at Prism Johnson Ltd. Second, the appointment of Mr. Abhijeet Jhawar as a Non-Executive Non-Independent Director. Mr. Jhawar, aged 49, is currently CMO at Infra.Market and has over 25 years of experience across Healthcare, FMCG, Retail, Technology, and Infrastructure sectors. He was appointed as Additional Director effective May 12, 2026, and this postal ballot seeks regular shareholder approval. Remote e-voting will be open from May 15, 2026 to June 13, 2026.
These are routine board composition changes that maintain governance standards. The reappointment of an experienced independent director and addition of a seasoned business leader should provide stability and fresh perspective to the board, with minimal direct impact on stock price in the short term.