Please find attached Scrutinizer''s Report on the Postal Ballot

Management Changes View source PDF Explain this filing

SHALPAINTS · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-1.8%Reaction day

₹102.87

prior close

₹103.70

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-1.1%-0.7% vs market

Paints peers, median of 7sector-0.8%-0.9% vs sector

On the reaction day the stock moved 0.7 pts less than Nifty Microcap 250 and 0.9 pts less than its Paints peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-1.1

10m

-1.0

15m

-1.4

30m

-0.9

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.8-1.1-0.7-0.8-0.9

Next day

-3.2-0.3-2.9-1.0-2.3

-1.4-0.4-1.0-1.2-0.1

-0.1+0.3-0.3-0.5+0.4

-0.4+0.8-1.2-1.7+1.3

-0.5+0.7-1.2-1.5+1.1

-2.7+1.4-4.1-1.5-1.1

15d

-1.8+4.7-6.5-1.1-0.7

-7.2+0.7-7.9-5.5-1.7

-6.6+6.4-13.0+2.1-8.7

-29.3+2.7-32.0-3.3-26.0

UpDownMarket · Nifty Microcap 250Sector · Paints peers, median of 7Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Shalimar Paints conducted a postal ballot (voting period April 17 to May 16, 2025) to seek shareholder approval for two resolutions: appointing Mr. Kuldip Raina as Director and as Managing Director & CEO (MD & CEO). Both resolutions passed with overwhelming shareholder support. The Director appointment received 99.99% votes in favour (6,22,25,782 votes for, 789 against), while the MD & CEO appointment received 99.997% support (6,22,24,548 votes for, 2,023 against). Total voting turnout was 74.33% of outstanding shares, with promoters voting 100% in favour of both resolutions. Promoters were not interested in the resolutions, indicating Mr. Raina is not from the promoter family.

Likely market impact

A new MD & CEO is taking the helm with near-unanimous shareholder backing, which provides a stable mandate for leadership. For shareholders, this is a significant governance change at the top — watch for the new leader's strategic direction and any turnaround or growth plans that may follow.