Updates

August 19, 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: Revised Outcome of Board Meeting held on August 12, 2026 This is in reference to our communication dated August 12, 2026 pertaining to the Outcome of the Board Meeting of Shalimar Paints Limited ("the Company") held on Wednesday, August 12, 2026 (the "Original Filing"). Pursuant to a review of the Original Filing, the Company wishes to bring to your attention the following corrections / amendments to the Original Filing. The corrections set out below shall be read in substitution of the corresponding disclosures made in the Original Filing, and all other disclosures in the Original Filing shall remain unchanged. 1. Correction to Item No. 7 of the Outcome of Board Meeting — Calculation Error: In Item No. 7 of the Original Filing (page 2 & page 23), the aggregate consideration amount contained a typographical/calculation error. The same stands corrected as under: Particulars As stated in Original Filing As corrected (Corrigendum) ...aggregating to ₹ 68,95,22,17,869/- ...aggregating to ₹ 68,95,22,26,440/- Aggregate (Rupees Six Thousand Eight Hundred Ninety (Rupees Six Thousand Eight Hundred Ninety amount Five crores Twenty Two Lakhs Seventeen Five crores Twenty Two Lakhs Twenty Six Thousand Eight Hundred Sixty Nine Only). Thousand Four Hundred Forty Only). Accordingly, Item No. 7 of the Original Filing stands corrected and shall now read as under: "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 ₹ 68,95,22,26,440/- (Rupees Six Thousand Eight Hundred Ninety Five crores Twenty Two Lakhs Twenty Six Thousand Four Hundred Forty 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." 2. Correction to Annexure II — Equity Shares (Consideration other than Cash): The following entries in Annexure II of the Original Filing stand corrected as under. All other entries in Annexure II remain unchanged. The aggregate total of Equity proposed to be issued under Annexure III remains unchanged. Pre- Post- Pre- Post- Sr. Preferential Preferential Name of Allottee Preferential Preferential Remarks No. (No. of (No. of (% age)* (% age) shares) shares upto) Revised (was 5 Silverline Homes Pvt Ltd 0 0.00% 1,74,12,346 4.18% 1,50,73,850) (Page 18) Dharmayug Investments Revised (was 37 0 0.00% 22,16,670 0.53% Limited 21,05,962) (Page 18) Revised (was 23,90,279) — entry to 66 Shashank Dangayach 0 0.00% 0 0.00% be removed from Annexure II (Page 19) Revised (was 96 Kavadiya Dixit Shankarbhai 6,494 0.00% 11,20,065 0.21% 11,13,571) (Page 20) Revised (was 65,419)— entry to be 185 Mehul Navinchand Agarwal 0 0.00% 0 0.00% removed from Annexure II (Page 22) * Pre-Preferential is calculated based on the current issued capital of the Company 3. Correction to Annexure III — CCPS (Consideration other than Cash): The following entries in Annexure III of the Original Filing stand corrected as under. All other entries in Annexure III remain unchanged. The aggregate total of CCPS proposed to be issued under Annexure III remains unchanged. Number of equity investor corrected to 197 (page 23). Post- Pre- Pre- Preferential Post- Sr. Preferential Name of Allottee Preferential (No. of Preferential (% Remarks No. (No. of (% age)* shares age)* shares) upto) Revised (was 72,967) — 23 Atul Jain 0 0.00% 0 0.00% entry to be removed from Annexure III (Page 24) Revised (was 65,419) 25 Aum Ramchandra Kadam 0 0.00% 2,51,609 0.03% (Page 24) Revised (was 25,161) 61 Girish Pahilajrai Rupani 0 0.00% 88,063 0.01% (Page 25) Revised (was 2,517) — 82 Kalpesh Shridhar Baing 0 0.00% 0 0.00% entry to be removed from Annexure III (Page25) Revised (was 1,08,192) — 148 Ritesh Satish Kumar Rathi 0 0.00% 0 0.00% entry to be removed from Annexure III (Page 26) Revised — split into two 156 Sanjay Jain 0 0.00% 1,28,321 0.01% separate entries (was 1,68,579) (Page 26) NEW ENTRY — added 197 Sanjay Jain 0 0.00% 40,258 0.00% pursuant to split of Sr. No. Santosh Hybrid Seeds Revised (was 1,10,708) 162 0 0.00% 88,063 0.01% Company Pvt Ltd (Page 27) Silverline Homes Private Revised (was 4,95,99,532) 179 0 0.00% 4,95,56,761 6.11% Limited (Page 27) Revised (was 0 in pre 187 Vipin Mungia ** 5 0.00% 5,033 0.00% preferential) (Page 27) * Pre-Preferential is calculated based on the current issued capital of the Company ** Vipin Mungia holds equity shares of the Company Note: The aggregate number of Equity Shares and CCPS proposed to be issued under Annexure II and Annexure III respectively remains unchanged. The net difference arising on account of the above corrections. Revised Annexure II and Annexure III reflecting such adjustments are enclosed herewith. All other terms and conditions of the Original Filing remain unchanged. The date and time of commencement and conclusion of the Board Meeting remains the same as disclosed in the Original Filing. 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