Shalimar Paints Revises Fund Raise Amount to ₹6,895.22 Cr

Shalimar Paints Limited has issued a revised outcome of its Board Meeting held on August 12, 2026, correcting a calculation error in the aggregate consideration amount for a fund-raising proposal. The total amount has been revised to ₹68,95,22,26,440 (Rupees Six Thousand Eight Hundred Ninety Five crores Twenty Two Lakhs Twenty Six Thousand Four Hundred Forty Only). This fundraise involves the issue of up to 81,12,02,664 CCPS at an issue price of ₹85 per equity share, on a preferential basis. The filing also includes corrections to Annexure II and Annexure III, detailing adjustments to the number of equity shares and CCPS to be issued to specific allottees on a preferential basis, with some entries being removed or revised.