SHALPAINTSBSEShalimar Paints Ltd-$MediumNeutral
Announced Mon, 11 May · 16:03 IST

We wish to inform you that, the Board of Directors vide circular resolution passed today i.e May 11, 2026, had approved the appointment of Mr. Abhijeet Jhawar as an Additional Director ....

Management Changes View source PDF

SHALPAINTS · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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' Board of Directors, via circular resolution on May 11, 2026, approved two items. First, the re-appointment of Mr. Atul Rasiklal Desai as an Independent Director for a second 3-year term (June 28, 2026 – June 27, 2029), recommended by the NRC and subject to shareholder approval. Second, the appointment of Mr. Abhijeet Jhawar as an Additional Director (Non-Executive, Non-Independent) effective May 12, 2026, also recommended by the NRC and subject to member approval. Mr. Jhawar brings over 25 years of cross-sector experience (Healthcare, FMCG, Retail, Technology, Infrastructure) and is currently the CMO at Infra.Market. Both directors are confirmed not related to existing board members and are not debarred from holding directorship.

Likely market impact

The additions strengthen the board with relevant industry and leadership experience, particularly in building materials and infrastructure sectors. No immediate shareholder action is required as approvals are pending.