The Board of Directors of Shalimar Paints Limited approved two significant board-level changes through a circular resolution passed on May 11, 2026, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The decisions were made based on the recommendation of the Nomination and Remuneration Committee and are subject to the approval of the company's members.

Board Changes Approved on May 11, 2026

The circular resolution covered the re-appointment of an existing Independent Director and the induction of a new Additional Director onto the board. The key details of both appointments are summarised below:

Profile of Mr. Atul Rasiklal Desai

Mr. Atul Rasiklal Desai brings over 35 years of experience in the Building Materials Industry. He has served as Executive Director and CEO with Prism Johnson Ltd. in its RMC division, and as Director at Ardex Endura, a joint venture between Ardex Germany and Prism Johnson Ltd. He has also served as Whole Time Director for Reliance Cement, COO with Star Cement, and held various positions at Ambuja Cements Ltd. across India. His expertise spans marketing, brand building, distribution, and logistics across geographies in India, underpinned by a deep understanding of cement industry operations spanning nearly three decades.

Mr. Desai has received notable industry recognition, including:

• Recognised as a change maker in the RMC industry by Brand Vision for the years 2020 and 2022
• Received the Leader of the Year award in the RMC industry by CEO Magazine
• Honoured with the Excellence Award for industrial development by the Indian Economic Development and Research Institute

Profile of Mr. Abhijeet Jhawar

Mr. Abhijeet Jhawar is a business leader with over 25 years of experience across Healthcare, FMCG, Retail, Technology, and Infrastructure sectors. He brings experience in mergers and acquisitions, including transactions involving Littles, Equal, RDC Concrete, Emcer Tiles, and Amstrad, along with post-merger integration and value creation. He currently serves as Chief Marketing Officer at Infra.Market.

His prior leadership roles include:

• Partner at Lybrate – scaled the platform to 15M+ users
• Director at Dr. Reddy's Laboratories – built an 800 crores+ OTC business
• SBU Head at Piramal Healthcare – scaled the Consumer Health Business

Mr. Jhawar has held leadership roles with full P&L accountability and has built and scaled high-growth businesses throughout his executive career.

Regulatory Compliance

The disclosures have been made in accordance with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, and pursuant to BSE Circular with ref. no. LIST/COMP/14/2018-19 and NSE circular ref. no. NSE/CML/2018/24 dated 20th June, 2018. Neither Mr. Atul Desai nor Mr. Abhijeet Jhawar is debarred from holding the office of director by virtue of any SEBI order or any other such authority. The communication was signed by Snehal Saboo, Company Secretary and Compliance Officer (Membership No. A49811), on behalf of Shalimar Paints Limited.

Shalimar Paints Limited has announced the opening of a special window to facilitate the re-lodgement of physical share transfer requests, providing shareholders with an opportunity to complete previously unsuccessful transfer processes.

Special Window Details

The company has opened a special window for a period of one year, from February 5, 2026 to February 4, 2027, pursuant to SEBI Circular No. HO/38/13/11(2)2026-MIRSD-POD/1/3750/2026 dated January 30, 2026. This facility is designed to help shareholders whose transfer requests were previously unsuccessful due to various procedural issues.

Eligibility Criteria

The special window is available for two specific categories of transfer requests:

• Fresh lodgement of transfer deeds executed prior to April 1, 2019 along with physical share certificates
• Re-lodgement of transfer deeds along with physical share certificates which were lodged prior to April 1, 2019 and were rejected, returned, or not attended to due to deficiencies in documents, processes, or other reasons

Transfer Process and Requirements

Shareholders wishing to avail this facility must submit the transfer deed and original share certificate along with other requisite documents to the company's Registrar and Share Transfer Agent, Beetal Financial & Computer Services Private Limited. The documents can be submitted at their address: "BEETAL HOUSE" 3rd Floor, 99, Madangir, Behind Local Shopping Centre, Near Dada Harsukhdas Mandir, New Delhi - 110062, or via email at beetalrta@gmail.com .

Important Conditions

Securities transferred under this special window will be subject to specific conditions:

Previous Special Window

This announcement follows an earlier special window that was opened from July 7, 2025 to January 6, 2026, pursuant to SEBI Circular No. SEBI/HO/MIRSD/MIRSD-PoD/P/CIR/2025/97 dated July 2, 2025. The current window provides another opportunity for shareholders who may have missed the previous facility.

Shareholder Advisory

The company encourages all investors who previously submitted transfer requests but have not yet received transferred shares due to outstanding deficiencies to take advantage of this special window. Additionally, all shareholders are requested to update their email addresses with the company, RTA, or Depository Participants to ensure smooth communication.