SHALIMAR PAINTS LTD.-$

Shalimar Paints Ltd's Board of Directors, in a meeting held on August 12, 2026, approved a significant fund-raising initiative through a Qualified Institutions Placement (QIP) of up to ₹1,000 crores. Additionally, the company greenlit a preferential issue of equity shares and Compulsory Convertible Preference Shares (CCPS) to promoters and non-promoters, aggregating to substantial amounts. The board also approved an increase in authorized share capital and discussed a potential strategic unification with Hella Infra Market Limited, which may become an unlisted material subsidiary. Mr. Kundan Sangwar was appointed as the new Chief Financial Officer.

Shalimar Paints Ltd's Board of Directors has approved a significant preferential issue and capital restructuring. The company plans to raise funds through the issuance of Equity Shares and Compulsorily Convertible Preference Shares (CCPS) to both promoters and non-promoters. Additionally, the authorized share capital will be increased substantially, and the company will issue CCPS. The board also approved the appointment of a new CFO, the consideration of financial results, and a potential investment in Hella Infra Market Limited, which may lead to its becoming an unlisted material subsidiary. The company also approved a Qualified Institutions Placement (QIP) and discussed a potential unification with Hella Infra Market Limited.

Shalimar Paints Ltd announced that its Board of Directors, in a meeting held on August 12, 2026, approved a significant increase in the company's authorized share capital. The authorized capital will be raised from Rs. 20 crore to Rs. 600 crore, with an additional Rs. 400 crore for Non-Cumulative Non-Participating Compulsory Convertible Preference Shares (CCPS). The board also approved multiple fund-raising initiatives, including a preferential issue of equity shares aggregating to approximately ₹105.86 crore to non-promoters and another preferential issue for approximately ₹3,544.69 crore to promoters and non-promoters. Additionally, a preferential issue of CCPS amounting to approximately ₹6,895.22 crore was approved. The company also plans to raise up to ₹1,000 crore through Qualified Institutions Placement and discussed investment in Hella Infra Market Limited, potentially leading to its becoming an unlisted material subsidiary. The board also approved the notice for the Annual General Meeting and Extraordinary General Meeting.

Shalimar Paints Ltd announced a significant board meeting on August 12, 2026, where Mr. Kundan Sangwar was appointed as the new Chief Financial Officer. The board also approved several key financial decisions, including the Unaudited Financial Results for the quarter ended June 30, 2026. A substantial increase in authorized share capital from ₹20 crore to ₹600 crore was approved, along with the addition of Non-Cumulative Non-Participating Compulsory Preference Shares. The company plans to raise funds through various preferential issues totaling over ₹4,600 crore, including cash and non-cash considerations, and a Qualified Institutions Placement of up to ₹1,000 crore. Additionally, an investment in Hella Infra Market Limited was approved, potentially leading to it becoming an unlisted material subsidiary and exploring future unification.

Shalimar Paints Ltd has announced a change in authorization for determining the materiality of events and information for disclosures to stock exchanges. Following the appointment of Mr. Kundan Sangwar as the new Chief Financial Officer (CFO), the Board of Directors, in a meeting held on August 12, 2026, has authorized him, along with the Managing Director and Company Secretary, to make these crucial determinations. This update supersedes previous authorizations and aligns with SEBI Listing Regulations.

Shalimar Paints Ltd has announced a Board of Directors meeting scheduled for August 12, 2026. The primary agenda is to consider and approve the Unaudited Financial Results (Standalone and Consolidated) for the quarter ended June 30, 2026. Additionally, the board will evaluate potential fundraising options through various instruments like equity shares, convertible debentures, or warrants, via modes such as QIP, private placement, or rights issue, subject to necessary approvals. The trading window will be closed from July 1, 2026, to August 14, 2026, for the declaration of these results.

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.

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.

Shalimar Paints Ltd has issued a clarification regarding recent volume movements in its shares. The company stated that it has made all necessary disclosures as per SEBI regulations and has not withheld any material information that could impact the stock's price or volume. Furthermore, Shalimar Paints confirmed that there is no pending information or announcement that, in their opinion, would affect the price/volume behavior of its scrip. This statement aims to address market speculation and ensure transparency.

Shalimar Paints Limited has received a No Objection Letter from BSE Limited and National Stock Exchange of India Limited, dated August 03, 2026, for the reclassification of certain individuals from the 'Promoter/Promoter Group' category to the 'Public' category. This approval is granted under Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has been advised to ensure compliance with subsequent disclosure requirements related to this reclassification. The reclassification pertains to individuals listed in Annexure A, including Ms. Hina Devi Goyal, who held a small percentage of shares.