Shalimar Paints Limited has announced the resignation of Ms. Shalmali Sharma from her position as Head of Human Resources, effective from the close of business hours on March 31, 2026. The resignation was disclosed to stock exchanges under regulatory compliance requirements, citing health issues as the primary reason for her departure.

Resignation Details and Timeline

Ms. Sharma, who served as General Manager - HR and was classified as Senior Management Personnel, formally submitted her resignation on January 29, 2026. The resignation email addressed to senior management expressed her decision to step down due to health concerns.

Regulatory Compliance and Disclosure

The company fulfilled its disclosure obligations under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The announcement was made in accordance with Part A of Schedule III of the said Regulations and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

Company Secretary & Compliance Officer Snehal Saboo signed the disclosure document on April 01, 2026, ensuring proper documentation and regulatory adherence. The filing included comprehensive details as required by SEBI regulations for senior management personnel changes.

Transition and Gratitude

In her resignation communication, Ms. Sharma expressed sincere gratitude to the management for the invaluable support and opportunities provided during her tenure. She acknowledged the privilege of contributing to the organization's growth and success, demonstrating professionalism in her departure approach.

The departing HR head committed to ensuring a seamless transition of responsibilities and providing necessary support during the handover period. She initially requested relief from duties on or before March 10, 2026, though the official effective date was set for March 31, 2026.

Company Information

Shalimar Paints Limited operates with its corporate office located at Olethia Business Spaces, Road No 16Z, Opp. Ashar IT Park, Wagle Industrial Estate, Thane (W) 400604. The company's registered office is situated at Stainless Centre, 4th floor, plot no. 50, Sector 32, Gurugram, 122001, Haryana, with CIN: L24222HR1902PLC065611.

Shalimar Paints Limited has announced a key leadership change with the resignation of Mr. Venugopal Chetlur from his position as Whole-time Director. The company disclosed this development to BSE Limited on March 05, 2026, in compliance with regulatory requirements under SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Director Resignation Details

Mr. Venugopal Chetlur (DIN: 08686707) tendered his resignation from the position of Whole-time Director with effect from close of business hours on Wednesday, March 04, 2026. The resignation was attributed to personal reasons, as stated in the official communication to the stock exchange and confirmed in his resignation letter to the Board of Directors.

Continued Role as Chief Operating Officer

Despite stepping down from the board, Chetlur will continue to serve Shalimar Paints in his capacity as Chief Operating Officer (COO). In this role, he will maintain his responsibilities for the operational management of the company, ensuring continuity in day-to-day business operations. In his resignation letter, Chetlur confirmed that there are no material reasons for his resignation from the Board other than the personal reasons cited.

Regulatory Compliance and Documentation

Shalimar Paints fulfilled its disclosure obligations under Regulation 30 of the SEBI Listing Regulations, providing comprehensive details about the directorial change. The company's disclosure included reference to SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. Company Secretary and Compliance Officer Snehal Saboo (Membership No. A49811) signed the regulatory filing, which was digitally executed on March 05, 2026.

Leadership Transition Impact

In his resignation letter dated March 04, 2026, Chetlur expressed gratitude for his tenure on the Shalimar board, describing it as "a valuable and enriching experience." He acknowledged the trust, encouragement, and collaboration extended by the Chairman, Board Members, and leadership team during his directorial role. The transition maintains operational continuity as Chetlur's expertise remains available to the company through his COO position, allowing Shalimar Paints to retain his operational knowledge while accommodating his personal circumstances. The company has been requested to file the necessary forms and intimations with the Registrar of Companies and stock exchanges accordingly.