Shalimar Paints Limited (SHALPAINTS) — Announcement | 3 June 2026

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Shalimar Paints Limited received a credit rating update from CARE Ratings, reaffirming its Long Term Bank Facilities rating at CARE BB+ with a Negative outlook, while reducing the Long Term / Short Term Bank Facilities rating from CARE A4+ to CARE BB+; Non Convertible Debentures rating was withdrawn. The rating actions reflect sustained operational losses in FY26 due to high fixed costs and competition, though partially offset by strong promoter support from Hella. The company's liquidity remains stretched with insufficient cash to meet upcoming debt obligations.

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About Shalimar Paints Limited (SHALPAINTS)

Consumer Durables · Consumer Durables · Listed on NSE

Market Cap: ₹419.56 Cr P/E: -4.3

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