OPJ Trading Private Limited has announced the complete divestment of its equity shareholding in Shalimar Paints Limited through open market transactions. The disclosure was made on February 19, 2026, in compliance with Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Transaction Overview

The company sold its entire holding of 500 equity shares in Shalimar Paints Limited on February 17, 2026, through open market transactions. This divestment represents a complete exit from its position in the paint manufacturing company, similar to the recent divestment by Gagan Infraenergy Limited.

Company Structure and Details

Shalimar Paints Limited maintains its equity share capital structure unchanged following this transaction. The company's shares continue to be traded on major Indian stock exchanges.

Regulatory Compliance and Documentation

The disclosure was signed by Jugesh Ahuja, Director of OPJ Trading Private Limited (DIN: 07298030), and submitted to both BSE Limited and National Stock Exchange of India Limited. The transaction falls under the purview of SEBI regulations governing substantial acquisition and disposal of shares.

Promoter Group Impact

OPJ Trading Private Limited was part of the promoter group of Shalimar Paints Limited. Following this divestment, the company's holding in the promoter group structure has been reduced to zero. The comprehensive promoter group includes various individuals, Hindu Undivided Families (HUFs), and corporate entities, with Hella Infra Market Limited maintaining the largest stake at 52.85% of the total equity.

This transaction marks another exit by a promoter group entity from Shalimar Paints Limited, following the recent complete divestment by Gagan Infraenergy Limited of the same number of shares on the same date.

Opelina Sustainable Services Private Limited has completed the sale of its entire equity stake in shalimar paints Limited, filing the requisite disclosure with stock exchanges on February 19, 2026. The transaction represents a complete divestment of the company's holding in the paint manufacturer.

Transaction Details

The sale involved 500 equity shares of Shalimar Paints Limited, executed through open market transactions on February 17, 2026. Following the completion of this sale, Opelina Sustainable Services' shareholding in Shalimar Paints has been reduced to zero.

Regulatory Compliance

The disclosure was made under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Opelina Sustainable Services filed the necessary documentation with both BSE Limited and National Stock Exchange of India Limited, where Shalimar Paints shares are listed.

Company Information

Opelina Sustainable Services Private Limited, registered in Raigarh, Chattisgarh, operates as part of the promoter group of Shalimar Paints Limited. The disclosure was signed by Kailash Chand Jain, Wholetime Director & CFO of Opelina Sustainable Services.

Shalimar Paints Capital Structure

Shalimar Paints Limited maintains an equity share capital of Rs. 8,37,11,178, comprising 8,37,11,178 equity shares of Rs. 2.00 each. The company's shares are traded on BSE Limited under scrip code 509874 and on National Stock Exchange under the symbol SHALPAINTS.

Promoter Group Holdings

The promoter group of Shalimar Paints includes various individuals, HUFs, and corporate entities. Major promoter group companies include Hella Infra Market Limited holding 52.85% and Virtuous Tradecorp Private Limited holding 12.62% of the total share capital as of February 13, 2026.