PFA Financial Results (Standalone and Consolidated) for the Quarter and Half Year ended September 30, 2026

Q- o SHALIMAR INFRA .MARKET PAINTS SINCE 1902 October 28, 2026 BSE Limited National Stock Exchange of India Limited Corporate Relationship Department, Exchange Plaza, 5 Floor, 1*tFloor, New Trading Ring, Plot No. C/1, G- Block Rotunda Building, P.J. Towers, Bandra Kurla Complex, Bandra (E), Dalal Street, Fort, Mumbai - 400 001 Mumbai — 400051 BSE Scrip Code: 509874 NSE Symbol: SHALPAINTS ISIN: INE849C01026 Dear Sir/Madam, Sub: Outcome of Board Meeting held on October 28, 2026 The Board of Directors of the Company at its Meeting held today, inter-alia, considered and approved the Unaudited Financial Results (Standalone and Consolidated) for the Quarter and Half Year ended September 30, 2026. In this connection, we are pleased to enclose the following: a. Unaudited Financial Results (Standalone and Consolidated) for the Quarter and Half Year ended September 30, 2026, along with the Limited Review Report issued by the Statutory Auditors of the Company. b. Performance Highlights of the Company for the Half Year ended September 30, 2026. The Meeting of the Board of Directors of the Company commenced at 12:52 p.m. and concluded at 03:45 p.m. The aforesaid results are being uploaded on the Stock Exchange websites at www.bseindia.com and www.nseindia.com and on the website of the Company at www.shalimarpaints.com. Kindly take the same on your record. Thanking You, Yours faithfully, For Shalimar Paints Limited Digtallysigned SNEHbyA seLac 54800 SABOOQ Dste226.1026 155755 +0530° Snehal Saboo Company Secretary & Compliance Officer Membership No. A49811 Encl.: As above Shalimar Paints Limited CIN: L24222HR1902PLCO65611 Corporate Office: Olethia Business Spaces, Road No 162, Opp. Ashar IT Park, Wagle Industrial Estate, Thane (W) 400604 Registered Office: Stainless Centre, 4th floor, plot no. 50. Sector 32, Gurugram, 122001, Haryana Toll Free: 1800 103 6509 | E: askus@shalimarpaints.com | W: www.shalimarpaints.com Walker Chandi&o Cko LLP Walker Chandiok & Co LLP 42nd Floor, Building Commerz Ill, International Business Park, Oberoi Garden City, Off Western Express Highway, Goregaon (East), Mumbai-400063 T +91 22 6626 2699 Independent Auditor’s Review Report on Standalone Unaudited Quarterly Financial Results and Year to Date Results of the Company pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) To the Board of Directors of Shalimar Paints Limited 1. We have reviewed the accompanying statement of standalone unaudited financial results (‘the Statement’) of Shalimar Paints Limited (‘the Company’) for the quarter ended 30 September 2026 and the year to date results for the period 1 April 2026 to 30 September 2026, being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) ('Listing Regulations’). 2. The Statement, which is the responsibility of the Company’s management and approved by the Company’s Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, Interim Financial Reporting (‘Ind AS 34), prescribed under section 133 of the Companies Act, 2013 (‘the Act’), and other accounting principles generally accepted in India and is in compliance with the presentation and disclosure requirements of Regulation 33 of the Listing Regulations. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, Review of Interim Financial Information Performed by the Independent Auditor of the Entity, issued by the Institute of Chartered Accountants of India. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with the Standards on Auditing specified under section 143(10) of the Act, and consequently, does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. Chartered Accountants Walker Chandiok & Co LLP is registered with limited liabilty with identification Offces n Ahmedabad, Bengaluru, Bhubaneswir, Chandigarh, Chenra, Dehadun, Goa, Gurugram, Guwahat, Hydeeabad, ndore, number AAC-2085 and has its registered Jaipur, Kochi, Koketa, Momba, New Delh, Noida and Pune office at L-41, Connaught Circus, Outer Circle, New Delhi, 110001, India Shalimar Paints Limited Independent Auditor’s Review Report on Standalone Unaudited Quarterly Financial Results and Year to Date Results of the Company pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) 4. Based on our review conducted as above, nothing has come to our attention that causes us to believe ‘ that the accompanying Statement, prepared in accordance with the recognition and measurement \ principles laid down in Ind AS 34, prescribed under section 133 of the Act, and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in accordance with the requirements of Regulation 33 of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. ‘ For Walker Chandiok & Co LLP Chartered Accountants ‘ Firm Registration No: 001076N/N500013 Mayank Jain Partner Membership No.: 512495 \ UDIN: 26612495VZUZKQ7849 Place: Mumbai Date: 28 October 2026 ’ Chartered Accountants Walker Chandi&o Cko LLP s registered witn limited fiabiity with identiication_number Offces in Ahmedabad, Bengaluru, Bhubaneswar, Chandigarh, Chem, Dehadun, Goa, Curugrem, Guvahat, Hyderaba, Indore, AAG-2085 and has its registered office at L- Jaipu, Ko, Kolka, Mumbz, New Delh Nod and Punc. 41, Connaught Circus, Outer Circlo, Now ’ Delhi, 110001, India SHALIMAR PAINTS Shalimar Paints Limited Regd office: Stainless Centre, 4th Floor, Plot No. 50, Sector 32, Gurugram - 122001, Haryana Tel No: +91 124 461 6600 Fax: +91 124 461 6659 Toll Free: 1800-103-6509 Email id: askus@shalimarpaints.com Websi www shalimarpaints.com CI 124222HR1902PLCO65611 Statement of Standalone Unaudited Financial Results for the quarter and six months ended 30.09.2026 (X in crore, except per share data) Quarter ended Six months ended Vear ended S No [Particulars 30.09.2026 30.06.2026 30.09.2025 30.09.2026 30.09.2025 31.03.2026 (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) (Rudited) 1 [income R a) Revenue from operations 11452 136.19 13211 25071 28557 569.03 b) Other income 098 1.06 332 204 488 686 Total income 115.50 137.25 135.43 252.75 290.45 575.89 2 |Expenses a) Cost of materials consumed 81.28 10659 73.01 187.87 16113 31853 b) Purchase of stack-in-trade 624 616 864 1240 1852 37.83 ©) Changes in inventories of finished goods, work-in- 217 (15.28)| 587 (1251)) 1390 27.87 progress and stock-in-trade d) Employee benefits expense 1779 1794 1734 3573 3651 6704 €) Finance costs 528 4.88 649 10.16 1264 2526 ) Depreciation, amortisation and impairment expense 504 507 470 1041 923 1953 q) Other expenses. 2909 3267 3325 61.76 69.05 13857 [T otal expenses 147.49 158.03 149.30 305,52 32098 634.63 ‘ 3 |Loss before exceptional items and tax (1-2) (31.99) (20.78)) (13.87)) (52.77) (30.53)) (58.74) ‘ 4 [Exceptional items = . . . R 460 5 [Loss before tax (3-9) (31.99) (20.78) (13.87)| 2.7 (30.53) (63.34)] ‘ 6 |Tax expenses 1 a) Current tax - - - - o b) Deferred tax - - - e i } 7 [Loss for the period/ year (5-6) (31.99) (20.78) (s2.77)| (3053) (63.34) 8 |Other comprehensive income I Iterns that will not be reclassified to profit or loss -Remeasurement gain on defined benefit plans [Showing first 8,000 characters — download PDF for full document]