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Shalimar Paints disclosed the resignation of statutory auditor Walker Chandiok & Co LLP, effective 11 November 2026. The auditor cited insufficient audit coverage of consolidated operations after a proposed share swap with Hella Infra Market.
Shalimar Paints' non-executive director Abhijeet Jhawar resigned effective November 3, 2026, citing personal reasons. The board-level change carries no disclosed financial value.
Shalimar Paints Limited appointed Mr. Kundan Sangwar as Chief Financial Officer, effective August 12, 2026. He brings over 18 years of corporate finance experience.
Mr. Sachin Naik has resigned as Chief Financial Officer of Shalimar Paints Limited effective May 30, 2026. He cited personal career growth as the primary reason.
Shalimar Paints re-appointed Atul Desai as Independent Director and appointed Abhijeet Jhawar as Additional Director. These appointments aim to strengthen board governance and strategic leadership.