Management Change11 May 2026, 04:04 pm
Shalimar Paints: Abhijeet Jhawar Appointed as Additional Director
AI Summary
Shalimar Paints Ltd. announced the appointment of Mr. Abhijeet Jhawar as an Additional Director (Non-Executive Non-Independent Director) effective May 12, 2026, liable to retire by rotation. The Board also approved the re-appointment of Mr. Atul Rasiklal Desai as an Independent Director for a second term of three years, commencing from June 28, 2026, to June 27, 2029. These decisions were made via circular resolution on May 11, 2026, based on the recommendation of the Nomination and Remuneration Committee and subject to member approval.
Key Highlights
- Abhijeet Jhawar appointed as Additional Director (Non-Executive Non-Independent) effective May 12, 2026.
- Atul Rasiklal Desai re-appointed as Independent Director for a second term of 3 years.
- Desai's re-appointment term: June 28, 2026 to June 27, 2029.
- Appointments approved via circular resolution on May 11, 2026.
- Appointments are subject to member approval.
Price Impact
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