Shalimar Paints Board Accepts Auditor Resignation, Proposes New Auditors

Shalimar Paints Ltd announced the outcome of its Board Meeting held on November 11, 2026. The Board accepted the resignation of its statutory auditors, M/s. Walker Chandiok & Co. LLP, due to potential conflicts arising from a proposed share swap transaction. The auditors cited an inability to achieve requisite group audit coverage. The Board also recommended the appointment of M/s. Sen & Ray, Chartered Accountants, as the new statutory auditors, subject to shareholder approval. Additionally, Mr. Michael Glover was recommended for appointment as an Additional Director (Non-Executive Independent Director).