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Shalimar Paints Ltd ( (IN:SHALPAINTS) ) just unveiled an update.
Shalimar Paints has informed the stock exchanges that, following board approval on January 13, 2026, it has submitted a formal application on January 17, 2026 to reclassify certain shareholders from the promoter/promoter group category to the public category under Regulation 31A of SEBI’s Listing Regulations. The reclassification request involves a set of largely non-holding or negligible-holding promoter group individuals, and is subject to no-objection and approval from BSE and NSE; the move could further clarify and streamline the company’s shareholding structure, with Shalimar Paints stating it will disclose any material developments in line with regulatory requirements.
More about Shalimar Paints Ltd
Shalimar Paints Limited is an India-listed company in the paints and coatings industry, with its equity shares traded on BSE Limited and the National Stock Exchange of India under the symbol SHALPAINTS. The company operates in the decorative and industrial paints segment, serving institutional and retail customers across the country through its presence on major stock exchanges and a broad shareholder base.
Average Trading Volume: 9,129
Technical Sentiment Signal: Sell
Current Market Cap: 5.84B INR
For a thorough assessment of SHALPAINTS stock, go to TipRanks’ Stock Analysis page.