Shalimar Paints Limited (SHALPAINTS) — Announcement | 13 August 2026(4 announcements)

Shalimar Paints announced on August 12, 2026, that it appointed Kundan Sangwar as CFO and approved a capital increase expanding authorized share capital to ₹1,000 crores, issuing ₹400 crores in CCPS, and planning a preferential equity issue of 1.25 crore shares at ₹85 per share to 196 investors, including major institutional backers, to raise approximately [amount not verified]billion. The move reshapes the company's capital structure and ownership, with post-allotment holdings reaching 77.46% of capital. This strategic shift signals a pivot toward infrastructure-linked growth via a potential investment in Infra.Market and a planned ₹1,000 crore Qualified Institutional Placement to fund expansion, reflecting a bold capital restructuring aimed at scaling new ventures while maintaining regulatory compliance.

Shalimar Paints announced a board-approved capital restructuring involving a ₹1,000 crore QIP to invest in Infra.Market, creating a listed building materials platform. The filing details multiple preferential issues totaling [amount not verified] in new equity and CCPS, with significant stakes allocated to institutional investors like SOUVIK SENGUPTA (36.60%). The CFO appointment of Kundan Sangwar, with 18 years in finance leadership, supports strategic growth. Authorized share capital was increased to ₹1,000 crores to facilitate these moves.

Shalimar Paints announced board approval of unaudited Q1 FY2026 results and a ₹1,000 crore Qualified Institutional Placement (QIP) to fund growth, including a strategic investment in Infra.Market via preferential swap. The capital raise involves issuing new equity and preference shares at a premium, with key appointments and regulatory disclosures confirmed. Shareholder approval will be sought through an Extraordinary General Meeting for the proposed restructuring.

Shalimar Paints Limited announced on August 13, 2026, that its board approved increasing authorized capital from Rs. 20 crores to Rs. 1,000 crores, including 300 crore equity shares and 200 crore non-cumulative CCPS at Rs. 2 face value. The filing also details preferential issues totaling over Rs. 100 crores across multiple tranches, along with plans for an investment in Hella Infra Market Limited via a Qualified Institutional Placement to build a building materials platform, pending shareholder approval.