Our policy assures discretion and guarantees non-retaliation to complainants. We have created established brand like Weather Pro, Xtra Tough premier, Shaktiman exterior emulsion specially designed for exterior surfaces. Industrial paints can again be classified into Heavy Duty Protective Coating, GI Coating, Packaging Coating and Marine Coatings and primarily used for protect the structure from deterioration through corrosion and then beautification. Public Fundamental Data provided by Morningstar, Inc. Shalimar Paints Ltd is an Indian based firm that engaged in the manufacturing and distribution of Paints, Varnishes, Ena, tempor incididunt ut labore et dolore magna aliqua. Surender Kumar Alok Perti, Dated : August 10, 2018 Managing Director and CEO Director, Place : Gurugram DIN: 00510137 DIN: 00475747. Meeting Room Booking. The performance evaluation of independent directors was done by the entire Board of Directors, excluding the director being evaluated. Our offered shalimar paints are highly liked and appreciated by the clients, due to the unmatched gloss and shine. Directors and Key Managerial Personnel Appointments/ Re-appointments. Its product offerings comprise Interior walls paint, Exterior walls paint, Metal surfaces, Wooden surfaces, distempers, primers, putty, Heavy-duty protective coating, GI coating, packaging coating, and Marine coatings, and cement-based products. Yashwant Nagar, Pune Shop No. The Company offers an extensive range of decorative paint and industrial paint. Our continuous operation was made possible by their hard work, solidarity, cooperation and support. Particulars of Loans, Guarantees or Investments. Any member desirous of obtaining a copy of said financial statements may write to the Company Secretary at Company’s Registered Office. or medium without express writtern permission of moneycontrol.com is prohibited. The Board has adopted policies and procedures for ensuring the orderly and efficient conduct of its business, including adherence to the Company''s policies, safeguarding of its assets, prevention and detection of fraud, error reporting mechanisms, accuracy and completeness of the accounting records, and timely preparation of reliable financial disclosures. It manufactures and sells emulsions, primers, distempers, putty, cement paints, enamels and varnishes among others. Find here Shalimar Paint dealers, retailers, stores & distributors. Electronic copies of the Annual Report 2017-18 and the notice of the 116th Annual General Meeting are sent to all members whose email addresses are registered with the Company/ depository participant(s). We place on record our appreciation of the contribution made by our employees at all levels. Standalone/ Consolidated Financial Statement. Company Secretary's Department Stainless Centre, 4th Floor , Plot No. (a) D n the preparation of the annual accounts for the financial year ended March 31, 2018 and applicable accounting standards have been followed and there are no material departures; (b) They have selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the Company at the end of the financial year and of the profit and loss of the Company for that period; (c) They have taken proper and sufficient care towards the maintenance of adequate accounting records in accordance with the provisions of the Companies Act, 2013 for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities; (d) They have prepared the annual accounts on a going concern basis; (e) They have laid down internal financial controls, which are adequate and are operating effectively; (f) They have devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems are adequate and operating effectively. The Company has not transferred any amount to the General Reserve during the financial year ended March 31, 2018. They also discussed the various suggestions recommended by the audit committee with the internal auditors. See insights on Shalimar Paints including office locations, competitors, revenue, financials, executives, subsidiaries and more at Craft. Pursuant to the applicable provisions of the Companies Act, 2013, read with the IEPF Authority (Accounting, Audit, Transfer and Refund) Rules, 2016 (‘the Rules’), all unpaid or unclaimed dividends are required to be transferred by the Company to the IEPF established by Government of India, after the completion of seven years. Shalimar Paints is one of India's leading paints manufacturing companies. All transactions with related parties were reviewed and approved by the Audit Committee and are in accordance with the Policy on Related Party Transactions formulated by the Company. Shalimar paint. - Special resolution for alteration of capital clause of Articles of Association of the Company. Shalimar Paints Consolidated March 2020 Net Sales at Rs 83.43 crore, down 6.79% Y-o-Y 22.04.2020 Shalimar Paints share price jumps 8% after Porinju Veliyath picks up stake Your board recommends his appointment as Chairman cum Independent Director of the Company for further period of 3 years in the ensuing Annual General Meeting. Other metrics include Mgmt Compensation,utilization, - The Company have received interim payment of Rs, 1,099.73 Lakhs in respect of Nasik plant in March, 2018. Shares of Shalimar Paints rose 1.07% to Rs 108.85 on BSE. During the Calendar year, the Company has not received any complaint. Jindal Group and the Hong-Kong based S.S. Jhunjhnuwala Group. Discover a variety of colors from our exclusive world of colors. In view of the losses incurred during the year under review, the Board did not recommend any dividend. Shalimar Paints has been the #Rangdeshka i.e colour of nation since 1902. Directors were evaluated on various aspects, including inter alia active participation, specialization on subject and expressing views, dissemination of information and explanation or response on various queries in the meeting. Shalimar Paints has intimated that Ashish Kumar Bagri has resigned from the position of Chief Financial Officer (CFO) with effect from the closing of business hours of Thursday, 21 January 2021. As on March 31, 2018, the Company has two subsidiaries, namely Shalimar Adhunik Nirman Limited (SANL) and Eastern Speciality Paints & Coatings Private Limited (ESPCPL). The offered Shalimar Paints are specially formulated for painting the substrates. The Company’s shares are listed on BSE Limited and National Stock Exchange of India Limited, The Company has paid annual listing fees to the respective Stock Exchanges. As on March 31 2019 the Company has two subsidiaries namely Shalimar Adhunik NirmanLimited (SANL) and Eastern Speciality Paints & Coatings Private Limited (ESPCPL). The result of which was declared on July 7, 2018: - Ordinary resolution for raising the Authorized Share Capital of the Company from Rs, 8,00,00,000/- to Rs, 20,00,00,000/. During the financial year under review, all the recommendations made by the Audit Committee were accepted by the Board and no recommendation is left which has not been accepted by the Board. The detailed policy is available on the Company''s website link at: https://www.shalimarpaints.com/upload/investor_reports/ Nomination and Remuneration Policy.pdf Performance Evaluation. Subsidiaries: Shalimar Adhunik Nirman Pvt Ltd., Eastern Speciality Paints & Coatings Pvt. Subsidiaries. January 21, 2021. Shalimar Paints has intimated that Ashish Kumar Bagri has resigned from the position of Chief Financial Officer (CFO) with effect from the closing of business hours of Thursday, 21 January 2021. developments in business operations/ performance of the Company''s various businesses viz., decorative business, industrial and home improvement business, internal controls and their adequacy, risk management systems and other material developments during the financial year 2017-18. Personalize which data points you want to see and create visualizations instantly. Decorative Paints Segment - Decorative paints are generally used for painting of domestic, office and other buildings mainly for enhancement of aesthetic look & protection. As on 31st March, 2015, the Company has two subsidiaries, namely Shalimar Adhunik Nirman Limited (SANL) and Eastern Speciality Paints & Coatings Private Limited (ESPCPL). Results of our operations and state of affairs for financial year 2017-18. Meeting Room Booking. The CSR Policy of the Company is available on the Company’s website link at: https://www.shalimarpaints.com/upload/ investor reports/Corporate%20Social%20Responsibility%20Policy.pdf. The purpose of Risk Management is to assist the Board in fulfilling its responsibilities with regard to the identification, evaluation and mitigation of operational, strategic and environmental risks. 89K likes. 41 talking about this. We thank our customers, vendors, investors, bankers, employees for their continued support during the year. The Independent Directors had met separately on August 10, 2017 without the presence of Non Independent Directors and the members of management and discussed inter-alia, the performance of Non Independent Directors and Board as a whole and the performance of the Chairman of the Company after taking into consideration the views of Executive and Non-Executive Directors. The detailed risk review is provided in the Management Discussion & Analysis section forming integral part of Annual Report. Your Company during the year under review suffered a loss Rs, 4,541.64/- Lacs as against loss of Rs, 961.24/- Lacs in the previous year. SHALIMAR PAINTS LIMITED : Vorstellung des Unternehmens SHALIMAR PAINTS LIMITED, Aktionäre, Vorstände und Berufsbeschreibung, Finanzstärkerating, offizielle Mitteilungen, Kontaktdaten und Börsenkennzahlen | 509874 | INE849C01026 | MUMBAI STOCK EXCHANGE Shalimar Paints Limited was founded in 1902 and is based in Gurugram, India. We have wide range of interior emulsions brand like Signature luxury emulsion, Stay Clean interior emulsion, Superlac Advance, No 1 Silk and Master interior emulsion & NO.1 Distemper. - Special resolution for approval of Rights Issue for an amount not exceeding Rs, 3,00,00,00,000/- (Rupees Three Hundred Crores only), - Special resolution for increase in the limit of total shareholding of all registered Foreign Portfolio Investors (FPIs)/ Registered Foreign Institutional Investors (FIIs) put together from 24% to 49% of the paid up equity share capital of the Company. Mr. Gautam Kanjilal - Chairman cum non-executive independent director of the Company was appointed for a term of three years with effect from November 7, 2015. The Auditors’ Report is enclosed with the financial statements in this Annual Report. - Ms required by the Listing Regulations, the auditors’ certificate on corporate governance is forming part to this Director’s Report. During the year under review, there was no change in the Company’s paid-up equity share capital. Shalimar is actively involved in providing solution through their expert team to mitigate corrosion by recommending the appropriate coating systems. Further, according to the Rules, the shares on which dividend has not been paid or claimed by the shareholders for seven consecutive years or more shall be transferred to the IEPF Authority. Shalimar Paints Ltd's Corporate Identification Number is (CIN) L24222HR1902PLC065611 and its registration number is 65611.Its Email address is [email protected] and its registered address is Stainless Centre, 4th Floor, Plot No. Our Company’s range of water based paints come with no added lead or mercury and with near zero VOC (Volatile Organic Component). Amidst our business transition, we are helping build careers of those who consistently demonstrate high performance in dynamic environments. [email protected] . Shalimar Paints Consolidated March 2020 Net Sales at Rs 83.43 crore, down 6.79% Y-o-Y 22.04.2020 Shalimar Paints share price jumps 8% after Porinju Veliyath picks up stake The auditors’ certificate for financial year 2017-18 does not contain any qualifications, reservations or adverse remarks. Forget about the hassle of keeping purchase records and sales achieved. Noneof the Companies has become or ceased to be the Company's subsidiaries during the yearunder review. A report as required under the SEBI (Share Based Employee Benefits) Regulations, 2014 and as per the provisions of section 62(1)(b) of the Companies Act readwith rule 12(9) of the Companies (Share Capital and Debenture) Rules, 2014 and other applicable Regulations is annexed as ‘Annexure A’ to this report. During the year under review, M/s Chaturvedi and Partners, retired at the conclusion of 115th Annual General Meeting and did not offer themselves for re-appointment. Get Ideas. About Shalimar Paint The art and culture & science of paints, Shalimar Paints, paints in India, emulsion going prices, distemper price tags, Shalimar paints appearance card, emulsion, distemper, enameled surface, commercial enterprise paints, paints, coloration market place India, external areas emulsion , paint for bedroom , exterior paints, Painting products […] The Related Party Transactions policy of the Company, is available on the Company’s website link at: https://www. Shalimar Paints Ltd - Business Profile with Financial and SWOT Analysis provides access to trustworthy data on the company and its performance, presenting an all-around view. During the year under review, the Company has not accepted any deposit within the meaning of Sections 73 and 74 of the Companies Act, 2013 read with the Companies (Acceptance of Deposits) Rules, enactment(s) thereof for the time being in force); b. Reproduction of news articles, photos, videos or any other content in whole or in part in any form Shalimar Paints is a Jindal Group company which has said that it will take the sales up to Rs 1000 cr over the next 3 years. Facebook is showing information to help you better understand the purpose of a Page. The company is engaged in manufacturing and marketing of decorative paints and industrial coatings. Inventory turnover ratio: - Inventory Turnover ratio is an activity ratio and is a tool to evaluate the liquidity of a company's inventory. © 2021 PitchBook Data. Welcome to Shalimar One. Shalimar Paints Ltd (Shalimar) is a paint manufacturing company. Industrial Paints Segment - Shalimar manufactures and markets industrial coatings to cater Protective coating sector, Product Finish (OEM,GENERAL INDUSTRIAL SECTOR), Range of marine paints including antifouling paints Packaging coatings for metal decoration including food can lacquers are established products running successfully in different coating lines for years. None of the Companies has become or ceased to be the Company''s subsidiaries, during the year under review. Represents Equity.Intra - day transactions are permissible and normal trading is done in this category, Webinar Presented by Knowlarity & Freshworks, https://www.shalimarpaints.com/upload/investor_reports/. The Whistle Blower Policy of the Company, is available on the Company''s website link at: https://www.shalimarpaints.com/ upload/investor reports/Whistleblower-Policy.pdf Annual Return. And commitments affecting financial position between the end of the Company are managed by Mr. Surender Bhatia as time. 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