Shalimar Paints Limited has informed the Exchange regarding Change in Director(s) of the company.

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

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

-1.2-0.2-1.3-1.9-2.8-4.9-6.1-8.2-8.4-7.0-9.9-3.8+0.0—

Up moveDown movePending

AI summary

Shalimar Paints Limited has announced two board changes. First, Mr. Atul Rasiklal Desai is being re-appointed as an Independent Director for a second term of 3 years (June 28, 2026 to June 27, 2029). He is a seasoned professional with 35+ years in the building materials industry, having served as Executive Director and CEO at Prism Johnson Ltd. Second, Mr. Abhijeet Jhawar is being appointed as an Additional Director (Non-Executive Non-Independent Director) effective May 12, 2026. Mr. Jhawar brings over 25 years of experience across healthcare, FMCG, retail, technology, and infrastructure sectors, currently serving as CMO at Infra.Market. Both appointments are subject to shareholder approval and neither director is related to existing board members.

Likely market impact

Routine board strengthening with experienced professionals joining; generally neutral for shareholders as no leadership roles or concerning resignations are involved.