Announced Mon, 15 Jun · 17:14 IST
Postal Ballot Results: Director Reappointment & New Director Appointed
Management Changes View source PDF
SHALPAINTS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-1.2%1-day move
₹52.55
prior close
₹52.90
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-1.6-0.1-1.1-0.7-1.2-2.5+2.8+2.3+2.6-1.0-2.9-3.2——
Up moveDown movePending
AI summary
Shalimar Paints shareholders approved two resolutions via postal ballot (e-voting ended June 13, 2026). 1) Reappointment of Atul Rasiklal Desai as Independent Director for a second 3-year term (Special Resolution). 2) Appointment of Abhijeet Jhawar as Director (Ordinary Resolution). Both passed with 99.978% votes in favor out of 6.24 crore shares polled (74.56% of total). Promoters voted 100% in favor.
Likely market impact
Board continuity confirmed with an additional director onboarded. Strong promoter backing ensures smooth governance; minimal public dissent.