StockWatch
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Paints
Management Change11 May 2026, 03:55 pm

Shalimar Paints: Atul Desai Re-appointed, Abhijeet Jhawar Appointed

AI Summary

Shalimar Paints Ltd. announced the re-appointment of Mr. Atul Rasiklal Desai as an Independent Director for a second term of three years, effective from June 28, 2026, to June 27, 2029. Additionally, Mr. Abhijeet Jhawar has been appointed as an Additional Director (Non-Executive Non-Independent Director) on the Board, effective May 12, 2026, and is liable to retire by rotation. These decisions were made via a circular resolution passed by the Board of Directors on May 11, 2026, based on the recommendation of the Nomination and Remuneration Committee and subject to member approval.

Key Highlights

  • Atul Rasiklal Desai re-appointed as Independent Director for 3 years, effective June 28, 2026.
  • Abhijeet Jhawar appointed as Additional Director (Non-Executive Non-Independent) from May 12, 2026.
  • Re-appointment and appointment approved via circular resolution on May 11, 2026.
  • Appointments are subject to member approval as per regulations.