Shalimar Paints Limited
Shalimar Paint Color & Varnish Company was established in 1902 by two Britishers. It is the first paint company of India.It was acquired by Ratan Jindal faction of the O.P. Jindal Group and S. S. Jhunjhunwala group in 1989. It manufactures decorative paints and industrial coatings. Some of India’s iconic buildings and structures such as the Howrah Bridge, Rashtrapati Bhawan, etc. were painted with Shalimar paints.
What Shalimar files
- Others72
- Important17
- Board Meeting12
- Updates10
- QIP/Rights/Pref.4
- Credit Ratings4
Shalimar Paints reported a Q1 consolidated loss of Rs. 21.26 Cr. Its board approved investing in Infra.Market via a preferential swap, aiming for unification. To fund this, the company will raise up to Rs. 1,000 Cr via QIP and over Rs. 10,545 Cr through preferential allotments, increasing authorized capital to...
Shalimar Paints revised its board meeting outcome, correcting the aggregate consideration for a preferential CCPS issue to ₹6,895.22 Cr. While individual allottee details were adjusted, the total number of shares and CCPS proposed for issuance remains unchanged.
Shalimar Paints has scheduled its 124th Annual General Meeting (AGM) for September 09 via Video Conference. The Annual Report for FY 2025-26 is now available on the company website, providing shareholders with key yearly updates.
Shalimar Paints launched 18 new eco-friendly coatings and implemented Zero Liquid Discharge. Water usage and GHG emissions were reduced. Sourcing from Indian MSMEs climbed to 50%. However, total energy consumption and waste generation increased, with a notable drop in waste recovered.
Shalimar Paints is evaluating strategic options like business restructuring, asset acquisition/transfer, and fundraising to enhance its operational & financial position and boost shareholder value. A board meeting will be called shortly to assess these proposals.