About Shalimar Paints Ltd. 
Shalimar Paints Ltd.
Micro Cap
Paints
Shalimar Paints Limited, established on December 16, 1902 is engaged in manufacturing and selling of decorative paints and industrial coatings. The Company operates 3 manufacturing facilities, one each at Chennai, Nashik and Sikandrabad (Uttar Pradesh). It has a wide distribution network, 48 sales depots across India. Apart from India, the Company catered to consumers from Nepal, UAE, Bhutan and Seychelles.
Company Coordinates 
Company Details
Stainless Centre 4th Floor, Plot No 50 Sector 32 Gurugram Haryana : 122001
Registrar Details
Beetal Financial & Computer Services (P) Ltd , 321 - S Third Floor , Near Shahid Bhagat Singh College, Chirag Delhi, New Delhi
Capital Structure 
Present Equity Capital
INR 16.74 Cr
Number of Shares
8.37 Cr
Face Value
INR 2.0
Date
Number
of Shares(Cr)
of Shares(Cr)
Equity
Capital (Rs Cr)
Capital (Rs Cr)
Shares Added
Face Value (Rs)
Reason
11-Oct-2023
8.37
16.74
11494252
2
Conversion of Warrants
24-Feb-2022
7.22
14.44
17916667
2
Preferential basis
08-Apr-2019
5.43
10.86
658872
2
Allotment of Equity To Others
06-Nov-2018
5.62
11.25
33747518
2
Right Issues
28-Dec-2017
2.25
4.50
3552370
2
Right Issues
01-Feb-2016
1.89
3.79
2625
2
ESOP
13-Jan-2016
1.89
3.79
500
2
ESOP
13-Jan-2016
1.89
3.79
500
2
ESOP
03-Jul-2015
1.89
3.79
14750
2
ESOP
03-Jul-2015
1.89
3.79
14750
2
ESOP
Shareholding Snapshot
Shareholding Compare (%holding) 
Majority shareholders
Promoters
Pledged Promoter Holdings
61.3468
Mutual Funds
Held by 0 Schemes
FIIs
Held by 4 FIIs (0.01%)
Promoter with highest holding
Hella Infra Market Limited (52.85%)
Highest Public shareholder
Zaki Abbas Nasser (1.18%)
Individual Investors Holdings
21.63%
Management
Designation
Remuneration
Alok Perti
Independent Director
3.5 lacs
Ashok Kumar Gupta
Managing Director
2.5 cr
Ashok Kumar Agarwal
Independent Director
2.3 lacs
VIJAY KUMAR SHARMA
Independent Director
1.8 lacs
Rajeev Oberoi
Chairman & Independent Directo
5.7 lacs
Abhyuday Jindal
Independent Director
0
SANJIV GARG
Independent Director
0
Shikha Rastogi
Company Sec. & Compli. Officer
0
Souvik Pulakesh Sengupta
Director
0
Abhyuday Jindal
Director
0
Shan Jain
Additional Director
0
Raw Materials Dashboard 
Raw Materials
Amount(Rs Cr)
% of RM Cost
No Data Available for Raw Material Segmentation
No Data Available
Finished Goods Dashboard 
Finished Goods
Amount(Rs Cr)
% of Sales Turnover
Scrap
0.78
0.24%
Scrap
Scrap
Revenue and Profits:
Net Sales:
134 Cr
(Quarterly Results - Sep 2025)
Net Profit:
-14 Cr
Paints
INR 519 Cr (Micro Cap)
NA (Loss Making)
61
0.00%
0.50
-22.64%
1.89






