Shalimar Paints Limited announced that its Board of Directors, in a meeting held on January 13, 2026, considered and approved a request for re-classification of certain members of the Promoter Group to the 'Public' category. This decision is in accordance with Regulation 31A of the Listing Regulations, 2015.

The Board reviewed request letters received from several shareholders seeking this re-classification. The shareholders and their respective holdings mentioned in the requests include Ms. Hina Devi Goyal (60 shares, 0.0001% of shares held), with other listed members holding zero shares.

The Board concluded that these shareholders meet the specified conditions for re-classification. However, the approval is contingent upon obtaining necessary approvals and/or no objection certificates from the relevant regulatory authorities, including SEBI and the stock exchanges.

The Board meeting commenced at 11:00 a.m. and concluded at 11:55 a.m. on January 13, 2026.