Shalimar Paints Ltd Holds EGM for Preferential Issues & QIP

Shalimar Paints Limited conducted its Extraordinary General Meeting (EGM) on September 11, 2026, to discuss and transact key business items. The meeting, held via Video Conferencing, addressed four special resolutions concerning capital raising. These included the issue and allotment of equity shares on a preferential basis for cash and other than cash considerations, and approval to raise capital up to ₹1000 Crores through a Qualified Institutions Placement (QIP). The company facilitated remote e-voting for shareholders and ensured the presence of committee chairpersons and the statutory auditor to address queries. The results of the voting will be submitted to the stock exchanges.