Shalimar Paints Appoints Sen & Ray as Auditors, Michael Glover Joins Board

Shalimar Paints Ltd announced changes to its statutory auditors and board of directors during a board meeting held on November 11, 2026. M/s. Walker Chandiok & Co. LLP resigned as statutory auditors due to potential audit scope limitations arising from the company's proposed share swap transaction with Hella Infra Market Limited. The Audit Committee concurred with the reasons for resignation. Subsequently, the Board, on the recommendation of the Audit Committee, appointed M/s. Sen & Ray, Chartered Accountants, to fill the casual vacancy until the ensuing AGM. Additionally, Mr. Michael Glover was recommended for appointment as an Additional Director (Non-Executive Independent Director), subject to shareholder approval.