Shalimar Paints Limited has informed the Exchange about change in Management
SHALPAINTS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
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.
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.