Shalimar Paints Subsidiary Sells Gurugram Property for ₹50 Cr

Shalimar Paints Ltd announced that its subsidiary, Shalimar Adhunik Nirman Limited, has entered into an Agreement to Sell its property located in Gurugram. The property, Plot no. 75, Sector 32, Urban Estate Gurgaon II, is being sold for a consideration of ₹50 Crores, to be received in tranches by November 20, 2026. The buyer is Sparton Growth Comtrade Private Limited, and they do not belong to the promoter or group companies. This transaction is outside of any Scheme of Arrangement and does not attract regulation 37A of LODR Regulations. The subsidiary's net worth was ₹1473.52 Lakhs (6.20%) as of March 31, 2026, with no income contribution reported for the last financial year.