Shalimar Paints Limited has informed the Exchange about change in Management
SHALPAINTS · price
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The Board of Shalimar Paints has approved two key changes to its composition. First, Mr. Atul Rasiklal Desai is being re-appointed as an Independent Director for a second 3-year term starting June 28, 2026. Mr. Desai brings 35+ years of experience in the Building Materials sector, having previously served as Executive Director and CEO at Prism Johnson Ltd.'s RMC division. Second, Mr. Abhijeet Jhawar is being appointed as an Additional Director (Non-Executive Non-Independent) effective May 12, 2026. Mr. Jhawar is a seasoned business leader with 25+ years across Healthcare, FMCG, Retail, Technology, and Infrastructure, currently serving as CMO at Infra.Market. Both appointments are subject to member approval.
These are routine board strengthening exercises. The re-appointment of an experienced independent director and addition of a senior industry professional should be viewed positively by investors. No cause for concern.