SHALPAINTSNSEShalimar Paints Limited· PaintsMediumNeutral
Announced Mon, 11 May · 16:26 IST

Shalimar Paints Limited has informed the Exchange regarding Appointment of Mr. Abhijeet Jhawar as Non- Executive Director of the company w.e.f. May 12, 2026.

Management Changes View source PDF

SHALPAINTS · price

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Price reaction · full curve 14 horizons · vs prior close
-2.8%1-day move
₹53.25
prior close
₹54.02
base price
After-mkt
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AI summary

Shalimar Paints has announced two board-level changes effective May 12, 2026. The Board approved the appointment of Mr. Abhijeet Jhawar as an Additional Director in a Non-Executive Non-Independent role, subject to member approval. Mr. Jhawar brings over 25 years of experience across Healthcare, FMCG, Retail, Technology, and Infrastructure sectors, currently serving as CMO at Infra.Market with prior roles at Dr. Reddy's Laboratories and Piramal Healthcare. Separately, the Board also approved the re-appointment of Mr. Atul Desai as Independent Director for a second 3-year term from June 28, 2026 to June 27, 2029. Both appointments were recommended by the Nomination and Remuneration Committee and neither director is related to existing board members.

Likely market impact

The appointment of Mr. Jhawar, with his cross-sector M&A and transformation experience, could bring fresh strategic perspectives to the board. This is a routine governance update with no immediate share price implications.