PFA letter in continuation to our communication dated August 04, 2026, on the captioned subject.

August 06, 2026 BSE Limited National Stock Exchange of India Limited Corporate Relationship Department, Exchange Plaza, 1st Floor, New Trading Ring, Plot No. C/1, G- Block P.J. Towers, Dalal Street, Bandra Kurla Complex, Bandra (E), Mumbai - 400 001 Mumbai – 400051 BSE Scrip Code: 509874 N SE Symbol: SHALPAINTS ISIN: INE849C01026 Dear Sir/Madam, Subject: Clarification on Volume Movement/Increase in Volume In continuation to our communication dated August 04, 2026, on the captioned subject, we wish to inform you that, the Company is evaluating various strategic options with a view to improve the Company's operational and financial position and enhance shareholder value, including, inter alia: (a) restructuring of business operations; (b) acquisition or transfer of assets; (c) fund raise; and/or (d) any other corporate actions as may be considered appropriate. However, these are just some proposals that the Company is deliberating. The Company acknowledges that the aforesaid information, along with any related corporate actions, may constitute Unpublished Price Sensitive Information (UPSI) and has exercised due care to ensure that such information has not been disclosed to any third party. The Company proposes to call for a Board meeting shortly to evaluate the proposals. The Company shall ensure timely submission of the notice of the Board Meeting and the outcome thereof to the Stock Exchanges within the timelines prescribed under the applicable laws and regulations. Neither the Company nor the Promoters and not any of the KMP has knowledge of the reasons for the spike in the share price of the Company. You are requested to take the same on record. Yours faithfully, For Shalimar Paints Limited Snehal Saboo Company Secretary & Compliance Officer Membership No. A49811