Shalimar Paints Evaluating Strategic Options for Improvement

Shalimar Paints Ltd is exploring various strategic options to enhance its operational and financial performance and boost shareholder value. These options include restructuring business operations, asset acquisition or transfer, fundraising, and other potential corporate actions. The company acknowledges this information may be Unpublished Price Sensitive Information (UPSI) and has taken care to prevent its premature disclosure. A board meeting will be convened shortly to discuss these proposals. The company stated it has no knowledge of the reasons behind recent share price fluctuations.