Shalimar Paints Limited has informed the Exchange regarding Resignation of Sachin Naik as Chief Financial Officer of the company w.e.f. May 30, 2026.
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Mr. Sachin Naik has tendered his resignation as Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) of Shalimar Paints Limited, effective from the close of business hours on May 30, 2026. The reason stated for his departure is better career opportunities and professional growth prospects. Naik has confirmed that there are no material reasons for his resignation other than those stated. The company has filed this disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The board of directors will need to appoint a replacement for the CFO position.
The resignation leaves a key financial leadership position vacant at Shalimar Paints. Investors should monitor for the appointment of a new CFO, as this change could temporarily affect financial management and investor confidence.