Shalimar Paints Limited has announced that its Board of Directors will convene on February 12, 2026, to review and approve the company's unaudited financial results for the third quarter of fiscal year 2026. The meeting will address both standalone and consolidated financial results for the quarter and nine months ended December 31, 2025.

Board Meeting Details

The company has formally notified both BSE Limited and the National Stock Exchange of India Limited about the upcoming board meeting under Regulation 29 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulatory filing ensures transparency and keeps investors informed about significant corporate developments.

Trading Window Closure

In compliance with the company's insider trading regulations, Shalimar Paints Limited has implemented a trading window closure for designated persons. The trading window will remain closed from January 1, 2026 to February 14, 2026, both days inclusive. This measure is part of the "Shalimar Paints Limited – Code of Conduct to Regulate, Monitor and Reporting of Trading by Insiders in the Securities of Shalimar Paints Limited."

Regulatory Compliance

The board meeting notice will be made available on multiple platforms to ensure widespread accessibility:

• Company website: www.shalimarpaints.com
• BSE Limited official platform
• National Stock Exchange of India Limited official platform

This multi-platform approach ensures that all stakeholders, including investors and regulatory bodies, have access to the meeting information as required under listing regulations.

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. The announcement was signed by Snehal Saboo, Company Secretary & Compliance Officer, ensuring proper corporate governance protocols were followed.

Shalimar Paints Limited's Board of Directors has approved the reclassification of eight promoter group members from 'Promoter Group' category to 'Public' category during its meeting held on January 13, 2026. The decision comes following formal request letters received from the promoter group members between November 17, 2025, and November 28, 2025, seeking reclassification under Regulation 31A of the Listing Regulations, 2015.

Board Decision and Regulatory Compliance

The board meeting, which commenced at 11:00 a.m. and concluded at 11:55 a.m. on January 13, 2026, involved detailed consideration and analysis of the reclassification requests. The board determined that the promoter group members met the conditions specified in Regulation 31A of the Listing Regulations, 2015. However, the approval remains subject to receipt of necessary approvals and/or no objections from concerned regulatory authorities including SEBI and stock exchanges.

Promoter Group Members Seeking Reclassification

The following table details the eight promoter group members seeking reclassification along with their current shareholding positions:

Shareholding Analysis

Among the eight promoter group members seeking reclassification, seven members currently hold zero shares in the company. Only Ms. Hina Devi Goyal holds 60 shares, representing a minimal 0.0001% of the total shareholding. This minimal shareholding pattern among the promoter group members likely contributed to the board's decision to approve their reclassification request.

Next Steps and Regulatory Process

The reclassification approval is contingent upon receiving necessary regulatory clearances. Shalimar Paints will now await approvals and/or no objection certificates from SEBI and the relevant stock exchanges before the reclassification becomes effective. The company has informed both BSE Limited and National Stock Exchange of India Limited about the board's decision through official communication dated January 13, 2026.

This corporate restructuring move reflects the company's compliance with regulatory frameworks while optimizing its shareholding structure. The reclassification, once approved by regulatory authorities, will formally move these eight individuals from the promoter group category to the public shareholder category.