Increase in Authorised Capital

August 12, 2026 BSE Limited National Stock Exchange of India Limited Corporate Relationship Department, Exchange Plaza, 5th Floor, 1st Floor, 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 August 12, 2026 This is in continuation of our letter dated August 09, 2026, we wish to inform you that, the Board of Directors of the Company at its Meeting held today, i.e. Wednesday, August 12, 2026, have inter-alia, 1. Considered and Approved the Unaudited Financial Results (Standalone and Consolidated) of the Company for the Quarter ended June 30, 2026. 2. Appointment of Mr. Kundan Sangwar as Chief Financial Officer of the Company. 3. To increase the Authorised Share capital from Rs. 20,00,00,000 (Rupees Twenty crores) divided into 10,00,00,000 (Ten crores Equity Shares) of Rs. 2 each to Rs. 600,00,00,000 (Rupees Six Hundred crores) divided into 300,00,00,000 (Three Hundred crores) equity shares of Rs. 2 each ranking pari passu with existing equity shares. 4. To add Non-Cumulative Non-Participating Compulsory Convertible Preference Shares (“CCPS”) amounting to Rs. 400,00,00,000 (Four Hundred crores Only) divided into 200,00,00,000 (Two Hundred crores) preference shares of Rs. 2 (Rupees Two) each having coupon rate of 0.001% in authorised capital clause of the Memorandum of Association of the Company. 5. Approved the proposal for raising of funds through Issue of up to 1,24,54,608 Equity Shares of face value of ₹ 2/- (Rupees Two only) each at a premium of ₹ 83/- per equity share i.e. at an Issue Price of ₹ 85 per equity share, aggregating to ₹ 1,05,86,41,680/- (Rupees One Hundred and Five crores Eighty Six Lakhs Fourty One Thousand Six Hundred Eighty Only), on a preferential basis in accordance with the Chapter V of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 as amended (“SEBI ICDR Regulations”) and other applicable laws to Non-Promoter Allottees, subject to the approval of shareholders of the Company. 6. Approved the proposal for raising of funds (for consideration other than cash) through Issue of up to 41,70,21,987 Equity Shares of face value of ₹ 2/- (Rupees Two only) each at a premium of ₹ 83/- per equity share i.e. at an Issue Price of ₹ 85 per equity share, aggregating to ₹ 35,44,68,68,895/- (Rupees Three Thousand Five Hundred Fourty Four crores Sixty Eight Lakhs Sixty Eight Thousand Eight Hundred Ninety Five Only), on a preferential basis in accordance with the Chapter V of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 as amended (“SEBI ICDR Regulations”) and other applicable laws to Promoters and Non-Promoter Allottees, subject to the approval of shareholders of the Company. 7. Approved the proposal for raising of funds (for consideration other than cash) through Issue of up to 81,12,02,664 CCPS of face value of ₹ 2/- (Rupees Two only) each at a premium of ₹ 83/- per equity share i.e. at an Issue Price of ₹ 85 per equity share, aggregating to ₹ 68,95,22,17,869/- (Rupees Six Thousand Eight Hundred Ninety Five crores Twenty Two Lakhs Seventeen Thousand Eight Hundred Sixty Nine Only), on a preferential basis in accordance with the Chapter V of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 as amended (“SEBI ICDR Regulations”) and other applicable laws to Promoters and Non-Promoter Allottees, subject to the approval of shareholders of the Company. 8. Approved the proposal for raising of funds through Qualified Institutions Placement in accordance with provisions of the applicable law upto ₹ 1,000 crores (Rupees One Thousand crores). 9. Investment in Equity Shares and CCPS of Hella Infra Market Limited through a Swap ratio based on valuation report of the company and Hella Infra Market Limited where in subsequently Hella Infra Market Limited may become Unlisted Material Subsidiary of the Company. 10. The Board also discussed and evaluated a potential strategic option aimed at maximising synergies between the Company and Hella Infra Market Limited, including exploring the possibility of unification of the entities at an appropriate stage, subject to applicable laws and requisite approvals. 11. Increase limit of investment in securities and other instruments of any company/body corporate under Section 186 of the Companies Act, 2013. 12. Approved notice convening Annual General Meeting. 13. Approved notice convening Extraordinary General Meeting. 14. Valuation report of the Equity Shares and CCPS of the Company. 15. Valuation report of the Equity Shares and CCPS of Hella Infra Market Limited. In this connection, we are pleased to enclose the following: a. Unaudited Financial Results (Standalone and Consolidated) for the Quarter ended June 30, 2026, along with the Limited Review Report issued by the Statutory Auditors of the Company. b. Performance Highlights for the Quarter ended June 30, 2026 The date of the Annual General Meeting (AGM) of the Company for the Financial Year ended March 31, 2026 and Extra Ordinary General Meeting (EGM) of the Company will be intimated separately. The Meeting of the Board of Directors of the Company commenced at 04:00 p.m. and concluded at 10:00 p.m. The results have been uploaded on the website of the Company at www.shalimarpaints.com. Kindly acknowledge the receipt and take the same on your record. Thanking You, Yours faithfully, For Shalimar Paints Limited Snehal Saboo Company Secretary & Compliance Officer Membership No. A49811 Encl.: As above Item No. 2 Disclosures as per the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, are given below: Sr. No. Particulars Details 1 Name of key managerial Mr. Kundan Sangwar personnel 2 Reason for change viz. Appointment appointment, re- appointment, resignation, removal, death or otherwise 3 Date of appointment/re- Date of Appointment: August 12, 2026 appointment/cessation (as Term of Appointment: Appointment of Mr. Kundan applicable) & term of Sangwar as Chief Financial Officer (designated as Key appointment/re-appointment Managerial Personnel) of the Company has been made in accordance with Section 203 and/or any other applicable provisions of the Companies Act, 2013 and rules made thereunder, and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and as per the recommendation of Nomination and Remuneration Committee and Audit Committee of the Company. 4 Brief profile (in case of Mr. Kundan Sangwar has over 18 years of experience in appointment) corporate finance, treasury, financial planning & analysis, capital raising and strategic financial management. He has held senior finance positions, including Head – Corporate Finance & Treasury at Novopor Advanced Science and senior leadership roles at JSW Paints. His expertise includes treasury and liquidity management, working capital financing, debt refinancing, financial planning, Board reporting, capital allocation, M&A and financial governance. He has also led initiatives in cost optimisation, supply chain financing, digital collections and profitability enhancement. Mr. Kundan holds an MBA from IIM Indore and a B.Tech from NIT Tiruchirappalli. 5 Disclosure of relationships Not Applicable between directors (in case of appointment of a director) 6 Information as required pursuant Not Applicable to BSE Circular with ref. no. LIST/COMP/14/2018-19 and the National Stock Exchange of India Ltd with ref. no. NSE/CML/2018/24, dated 20th June, 2018. Item No. 3 & 4 Disclosures as per the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Master Circu [Showing first 8,000 characters — download PDF for full document]