Shalimar Paints Limited has informed the Exchange about change in Management

Kmp ResignedManagement Changes View source PDF Explain this filing

SHALPAINTS · price

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

-0.2%Reaction day

₹53.10

prior close

₹52.25

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.0%-1.2% vs market

Paints peers, median of 8sector+0.2%-0.4% vs sector

On the reaction day the stock moved 1.2 pts less than Nifty Microcap 250 and 0.4 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

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15m

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Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.2+1.0-1.2+0.2-0.4

Next day

+0.9+1.0-0.0-0.3+1.2

-4.0-1.7-2.2-3.7-0.3

-2.9+0.6-3.5+0.3-3.2

-0.5+0.5-1.0-2.2+1.7

-2.1+0.2-2.3-3.1+1.0

-8.7-3.3-5.3-5.0-3.7

15d

-27.1-4.0-23.1-5.3-21.8

-15.3-0.8-14.4-5.0-10.2

-2.3+14.8-17.1+2.7-4.9

-4.1+17.9-22.0+8.8-13.0

UpDownMarket · Nifty Microcap 250Sector · Paints peers, median of 8Pending

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

AI summary

Mr. Venugopal Chetlur (DIN: 08686707) has resigned from the position of Whole-time Director of Shalimar Paints Limited, effective end of business on March 04, 2026, citing personal reasons. Importantly, he will continue with the company in a new role as Chief Operating Officer (COO), overseeing operational management. No material reasons other than personal ones were disclosed for stepping down from the board. The change has been disclosed under SEBI Listing Regulations and filed with both BSE and NSE.

Likely market impact

This is a board-level reshuffle rather than a full exit, as Mr. Chetlur stays with the company as COO, so operational continuity is likely maintained. Shareholders should note the leadership change but it is unlikely to materially affect stock price given the continuity in operations.