Shalimar Paints Limited has informed the Exchange regarding Change in Director(s) of the company.
SHALPAINTS · price
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Mr. Venugopal Chetlur (DIN: 08686707) has resigned from the position of Whole-time Director of Shalimar Paints Limited, effective close of business hours on March 4, 2026, citing personal reasons. Importantly, he will continue with the company as Chief Operating Officer (COO), handling operational management. This is a board-level role change rather than a full exit from the company, with no other material reasons disclosed for stepping down from the board.
Continuity in operations is expected since Mr. Chetlur stays on as COO, so day-to-day business should not be disrupted. Investors may view this as a neutral governance change, as he moves from a board directorship to an executive operational role. No immediate impact on financials or strategy is indicated.