Shalimar Paints Limited has informed the Exchange regarding Board meeting held on January 13, 2026.
SHALPAINTS · price
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The Board of Directors of Shalimar Paints Limited, at its meeting on January 13, 2026, approved the re-classification of 8 members of the Promoter Group to the 'Public' category under Regulation 31A of the SEBI Listing Regulations, 2015. The individuals include Ms. Ritu Jhunjhnuwala, Mr. Surya Kumar Jhunjhnuwala, Mr. Gaurang Surya Jhunjhnuwala, Ms. Hina Devi Goyal, Ms. Sarita Devi Jain, Mr. Shivang Jhunjhnuwala, Ms. Sarika Jhunjhnuwala, and Ms. Kusum Mittal. Notably, 7 of the 8 members hold zero shares, while Ms. Hina Devi Goyal holds just 60 shares (0.0001%). The re-classification is subject to approval from SEBI and the stock exchanges.
This is largely a procedural re-classification since the affected members hold negligible or no shares, so it is unlikely to have a material impact on shareholding pattern or stock price. Shareholders should await final approval from regulators before considering it fully effective.