Shalimar Paints Appoints Michael Glover as Director, Auditors Resign

Shalimar Paints Ltd announced the appointment of Mr. Michael Glover as an Additional Director (Non-Executive Independent Director) effective November 11, 2026. Concurrently, the company's statutory auditors, M/s. Walker Chandiok & Co. LLP, have resigned due to potential conflicts arising from a proposed share swap transaction where Shalimar Paints is expected to become the holding company of Hella Infra Market Limited. The Audit Committee has concurred with the auditors' reasons. M/s. Sen & Ray, Chartered Accountants, have been recommended as the new statutory auditors, subject to shareholder approval, to fill the casual vacancy.