Shalimar Paints Approves Floor Price for QIP

Shalimar Paints Limited's QIP Committee met on November 13, 2026, to consider and approve key aspects of its Qualified Institutions Placement (QIP) of equity shares. The committee authorized the opening of the issue on the same day and approved a floor price of ₹80.87 per equity share. A preliminary placement document was also adopted for distribution to qualified institutional buyers. The 'Relevant Date' for the issue was fixed as November 13, 2026. The trading window for designated persons remains closed until 48 hours after the determination of the issue price.