Welcome to Shalimar One. We place on record our appreciation of the contribution made by our employees at all levels. The name of our Company was changed to Shalimar Paint, Colour and Varnish Shalimar Paints Ltd is an Indian based firm that engaged in the manufacturing and distribution of Paints, Varnishes, Enamels, and Lacquers products. It manufactures and sells emulsions, primers, distempers, putty, cement paints, enamels and varnishes among others. From May’2015 affair of the company are managed by Mr. Surender Bhatia as whole time director. hassle-free paint job. PitchBook’s non-financial metrics help you gauge a company’s traction and growth using web presence and social reach. Shalimar Paints has a D/E ratio of 0.4713 which means that the company has low proportion of debt in its capital. As on 31st March, 2015, the Company has two subsidiaries, namely Shalimar Adhunik Nirman Limited (SANL) and Eastern Speciality Paints & Coatings Private Limited (ESPCPL). The revenue from operations and other income of the Company for the financial year 17-18 stood at Rs, 27,863.96/- Lacs as against Rs, 39,631.13/- Lacs in the previous year. Shalimar One . com/upload/investor reports/Risk-Management-Policy.pdf Internal financial control and its adequacy. Research data on Shalimar Paints such as Market Share, Product, Geography & Annual Report Summary. The Company has received necessary declarations from each independent director under section 149(7) of the Companies Act, 2013, that he/ she meets the criteria of independence laid down in section 149(6) of the Companies Act, 2013 and Regulation 25 of the Listing Regulations. Your board recommends his appointment as Chairman cum Independent Director of the Company for further period of 3 years in the ensuing Annual General Meeting. Shalimar paint. Price. During the year under review, the Company has not accepted any deposit within the meaning of Sections 73 and 74 of the Companies Act, 2013 read with the Companies (Acceptance of Deposits) Rules, enactment(s) thereof for the time being in force); b. - The Company has received an Insurance claim amount of Rs, 1122.35 lakhs in respect of Howrah plant in June 2018. It is currently around Rs 350 cr. Your Company’s overarching aspiration to create significant and sustainable societal value is manifest in its CSR initiatives. In 1972 Shalimar went public and in 1989, the company was acquired by the O.P. During the year under review, there was no change in the Company’s paid-up equity share capital. The detailed risk review is provided in the Management Discussion & Analysis section forming integral part of Annual Report. Shalimar Paints is a Jindal Group company which has said that it will take the sales up to Rs 1000 cr over the next 3 years. View auditor’s report of the various companies, comments of auditors, annexure to the auditor’s report January 21, 2021. Kindly refer to Management Discussion & Analysis and Corporate Governance Report which forms part of this report. Presently, Sikandrabad plant of the company certified for Quality Management System-ISO 9001. As per Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (hereinafter referred to as “Listing Regulations”) and applicable provisions of the Companies Act, 2013 read with the rules issued thereunder, the Standalone as well as Consolidated Financial Statements of the Company with applicable Accounting Standards are approved by the Board of Directors of the Company. The Annual Report on CSR activities in accordance with the Companies (Corporate Social Responsibility Policy) Rules, 2014 is annexed as ‘Annexure - D’ to this Report. Shalimar is actively involved in providing solution through their expert team to mitigate corrosion by recommending the appropriate coating systems. As on March 31, 2018, the Audit Committee of the Board of Directors of the Company comprised of Mr. Gautam Kanjilal, Mr. Alok Perti and Ms. Pushpa Chowdhary, under the Chairmanship of Mr. Gautam Kanjilal. The Company has received In-Principal approval from BSE and NSE. See insights on Shalimar Paints including office locations, competitors, revenue, financials, executives, subsidiaries and more at Craft. The Company have received an interim payment of Rs, 1,099.73 Lakhs in respect of Nasik plant in March, 2018. Shalimar Paints BSE: 509874 is an Indian paints manufacturing company. 1162; Add/Edit Companies. Shalimar Paints has been the #Rangdeshka i.e colour of nation since 1902. The Whistle-blower Policy has been approved and adopted by Board of Directors of the Company in compliance with the provisions of Section 177 (10) of the Companies Act, 2013 and Regulation 22 of the Listing Regulations. PitchBook is a financial technology company that provides data on the capital markets. The current policy is to have appropriate mix of executive, non - executive and independent directors This policy formulates the criteria for determining qualifications, competencies, positive attributes and independence for the appointment of Director (Executive/ Non - Executive) and also the criteria for determining the remuneration of the Directors, Key Managerial Personnel and other employees. The Board of Directors hereby submits the report of the businesses and operations of your Company (‘the Company’ or ‘Shalimar’) along with the audited financial statements (Standalone and Consolidated), for the financial year ended March 31, 2018. Yashwant Nagar, Pune Shop No. Subsidiary Company / Subsidiary The subsidiary companies of our Company, namely Eastern Speciality Paints & Coatings Private Limited Shalimar Adhunik Nirman Limited QUV Q Panel Laboratory Ultraviolet Testing, in which painted panel is exposed to UV and difference in color and chalking is measured The details of the related party transactions as per Indian Accounting Standards (IND AS) - 24 are set out in Note 47 to the Standalone Financial Statements of the Company. Details of loans, guarantees and investments under the provisions of Section 186 of the Companies Act, 2013 read with the Companies (Meetings of Board and its Powers) Rules, 2014, as on March 31, 2018, are set out in Note 8, 9 and 14 to the Standalone Financial Statements of the Company. shalimarpaints.com/upload/investor reports/Related-Party-Transaction-Policy.pdf Sexual Harassment, To foster a positive workplace environment, free from harassment of any nature, we have adopted a policy on prevention of sexual harassment at workplace. The financial statements are prepared in accordance with Indian Accounting Standards (Ind AS) (to the extent notified) and guidelines issued by SEBI. Standalone/ Consolidated Financial Statement. During the year under review, Board Meetings and Committee Meetings were held and the intervening gap between the meetings did not exceed the period prescribed under the Act, the details of which are given in the Corporate Governance Report. As on March 31 2019 the Company has two subsidiaries namely Shalimar Adhunik NirmanLimited (SANL) and Eastern Speciality Paints & Coatings Private Limited (ESPCPL). Get the full list ». - The Company has allotted 35,52,370 equity shares of Rs, 2/- each at a premium of Rs, 138/- per share on Rights basis to the eligible equity shareholders on April 27, 2018. Its product offerings comprise Interior walls paint, Exterior walls paint, Metal surfaces, Wooden surfaces, distempers, primers, putty, Heavy-duty protective coating, GI coating, packaging coating, and Marine coatings, and cement-based products. Other metrics include Mgmt Compensation,utilization, During the Calendar year, the Company has not received any complaint. Shalimar Paints Ltd (Shalimar) is a paint manufacturing company. Shalimar Paints Limited: Dabur India Limited: Paragon Footwear: Wipro Limited: Colgate Palmolive (India) Limited: Asian Paints Limited: MMP Industries Limited (5) -Also Supplies to; Kansai Nerolac Paints Limited: Shalimar Paints Limited: Asian Paints Limited: JK Lakshmi Cement Limited: Shree Cements Limited: Excel Crop Care Limited : Financial. The Rang Desh Ka TVC aims at removing the blots from the nation that … Subsidiaries. Transfer of amount to Investor Education and Protection Fund. The company is engaged in manufacturing and marketing of decorative paints and industrial coatings. Risk Management. Through CSR there is a formation of a dynamic relationship between a Company on one hand and the society and environment on the other. We have created established brand like Weather Pro, Xtra Tough premier, Shaktiman exterior emulsion specially designed for exterior surfaces. Derive inspiration from the expertise of others. Our policy assures discretion and guarantees non-retaliation to complainants. The Consolidated Financial Statements together with the Auditors’ Report form part of this Annual Report. The Board has adopted policies and procedures for ensuring the orderly and efficient conduct of its business, including adherence to the Company''s policies, safeguarding of its assets, prevention and detection of fraud, error reporting mechanisms, accuracy and completeness of the accounting records, and timely preparation of reliable financial disclosures. Shalimar Paints is one of India's leading paints manufacturing companies. It involves identifying potential events that may affect the Company and formulating strategy to manage these events while ensuring that the risk exposure remains at the defined appropriate levels. - The Company has received an Insurance claim amount of Rs, 1122.35 lakhs in respect of Howrah plant in June, 2018. Tinting is an economic way of producing a virtually unlimited number of paint colors to meet the exact needs of each individual customer, large or small. The auditors’ certificate for financial year 2017-18 does not contain any qualifications, reservations or adverse remarks. None of the Companies has become or ceased to be the Company''s subsidiaries, during the year under review. Shalimar Paints is India’s oldest and iconic paint brand. CSR is traditionally driven by a moral obligation and philanthropic spirit. In compliance with the applicable provisions of the Companies Act, 2013 and SEBI (Listing Obligations and disclosure Requirements) Regulations, 2015, the Board of Directors on recommendation of the Nomination and Remuneration Committee has approved and adopted the Evaluation Policy setting out the process, format, attributes and criteria for the performance evaluation of the Board, Board Committees and Individual Directors. 358 likes. As on March 31, 2018, the Company has two subsidiaries, namely Shalimar Adhunik Nirman Limited (SANL) and Eastern Speciality Paints & Coatings Private Limited (ESPCPL). Shalimar Paints Limited. Just download the Shalimar Paints EXPERT Program App, register and begin the rewarding journey. - The Company have received interim payment of Rs, 1,099.73 Lakhs in respect of Nasik plant in March, 2018. It offers an insightful overview of the company’s structure and recent operations, includes SWOT analysis, highlights product and service offerings, covers the latest important corporate actions and financial results. Our Company’s range of water based paints come with no added lead or mercury and with near zero VOC (Volatile Organic Component). The company also provides protective coating to enhance service life of plant and machinery. For members who have not registered their email addresses, physical copies are sent in the permitted mode. - Special resolution for alteration of capital clause of Articles of Association of the Company. In compliance with Regulation 34 of the Listing Regulations, a separate report on Corporate Governance along with a certificate from the Auditors on its compliance forms an integral part of this Annual Report annexed as ‘Annexure-I’. We are engaged in the business of manufacturing of paints. Shalimar Paints Ltd's Corporate Identification Number is (CIN) L24222HR1902PLC065611 and its registration number is 65611.Its Email address is ASKUS@SHALIMARPAINTS.COM and its registered address is Stainless Centre, 4th Floor, Plot No. None of the Companies has become or ceased to be the Company''s subsidiaries, during the year under review. Your Company during the year under review suffered a loss Rs, 4,541.64/- Lacs as against loss of Rs, 961.24/- Lacs in the previous year. The performance evaluation of independent directors was done by the entire Board of Directors, excluding the director being evaluated. Mr. Surender Kumar, Executive Director is liable to retire by rotation at ensuing Annual General Meeting pursuant to the provisions of Section 152 of the Companies Act, 2013 read with Companies (Appointment and Qualification of Directors) Rules, 2014 and the Articles of Association of the Company and being eligible has offered himself for re-appointment. Drawing from our … Forgot Password Click here. developments in business operations/ performance of the Company''s various businesses viz., decorative business, industrial and home improvement business, internal controls and their adequacy, risk management systems and other material developments during the financial year 2017-18. Mr. Gautam Kanjilal - Chairman cum non-executive independent director of the Company was appointed for a term of three years with effect from November 7, 2015. Ut enim ad minim veniam, quis nostrud exercitation ullamc, You’re viewing 5 of 7 competitors. Effective April 1, 2017, the Company has adopted all the Ind AS standards and the adoption was carried out in accordance with applicable transition guidance. The company offers decorative paints for interior … Copyright © e-Eighteen.com Ltd. All rights reserved. Shalimar enjoys established brand in solvent based product range like Superlac Hi-Gloss synthetic enamel, Superlac satin enamel, lustre finish. Get Ideas. Further, the Authorized Share Capital of the Company has been raised from Rs, 8,00,00,000/- to Rs, 20,00,00,000/- through Postal Ballot, the result of which was declared on July 7, 2018. Our continuous operation was made possible by their hard work, solidarity, cooperation and support. Accounting policies have been consistently applied except where a newly issued accounting standard is initially adopted or a revision to an existing accounting standard requires a change in the accounting policy hitherto in use. Shalimar Paints has 592 employees at their 1 location. Accordingly, the Company has transferred the unclaimed and unpaid dividends of '' 2,86,665.00/- (Rupees Two Lac Eighty Six Thousand Six Hundred Sixty Five Only). Particulars of Employees. Powered by PAYBACK, Shalimar Paints EXPERT Program App, brings the benefits of the program at your fingertips. The Company continued with its policy of installation of tinting systems in various retail outlets across the country with a view to increase the demand for its high value products, especially water based products. webappsupport@shalimarpaints.com . (higher is better) Debt to equity ratio: - It is a good metric to check out the capital structure along with its performance. Login to Web Mail . Login to Web Mail . The information on conservation of energy, technology absorption and foreign exchange earnings and outgo as stipulated under Section 134 of the Companies Act, 2013 read with the Companies (Accounts) Rules, 2014, is set out in the ‘Annexure-H’ to this report. Features: - Optimal viscosity - Long lasting bonding - Unmatched durability . Shalimar One . The Whistle Blower Policy of the Company, is available on the Company''s website link at: https://www.shalimarpaints.com/ upload/investor reports/Whistleblower-Policy.pdf Annual Return. The company operates primarily into one segment that is Paints. The Related Party Transactions policy of the Company, is available on the Company’s website link at: https://www. About Shalimar Paint The art and culture & science of paints, Shalimar Paints, paints in India, emulsion going prices, distemper price tags, Shalimar paints appearance card, emulsion, distemper, enameled surface, commercial enterprise paints, paints, coloration market place India, external areas emulsion , paint for bedroom , exterior paints, Painting products […] Top Stock to Buy with Anil Singhvi – Shalimar Paints, Sirca Paints and Kamdhenu Ltd: The Initial Public Offering (IPO) of Indigo Paints is opening on Wednesday which will likely trigger a rerating in the paints sector, Zee Business Managing Editor Anil Singhvi opines. The Company has developed and implemented comprehensive risk assessment and mitigation procedures as laid down in the Company’s Risk Management Policy duly approved by the Board. The Ind AS are prescribed under section 133 of the Companies Act, 2013 (''the Act'') read with Rule 3 of the Companies (Indian Accounting Standards) Rules, 2015 and Companies (Indian Accounting Standards) Amendment Rules, 2016. Some of India’s buildings and structures such as the Howrah Bridge, Rashtrapati Bhawan, Salt Lake Stadium, All India Institute of Medical Sciences, and many others, continue to be painted with Shalimar Paints. read more... Chandan Paints & Hardware. Business. Welcome to Shalimar One. A statement in Form AOC- 1, containing the salient features of financial statements of the above mentioned subsidiaries of the Company is annexed as ‘Annexure - B’ to this Report. 41 talking about this. In accordance with Section 129(3) of the Companies Act, 2013 read with Rule 5 of Companies (Accounts of Companies) Rules 2014, the Company has prepared consolidated financial statements of the Company and its subsidiaries which form part of the Annual Report. It speaks about the overall industry structure, global and domestic economic scenarios. Industrial paints can again be classified into Heavy Duty Protective Coating, GI Coating, Packaging Coating and Marine Coatings and primarily used for protect the structure from deterioration through corrosion and then beautification. The purpose of Risk Management is to assist the Board in fulfilling its responsibilities with regard to the identification, evaluation and mitigation of operational, strategic and environmental risks. - Special resolution for approval of Rights Issue for an amount not exceeding Rs, 3,00,00,00,000/- (Rupees Three Hundred Crores only), - Special resolution for increase in the limit of total shareholding of all registered Foreign Portfolio Investors (FPIs)/ Registered Foreign Institutional Investors (FIIs) put together from 24% to 49% of the paid up equity share capital of the Company. Shalimar has been an early adopter of CSR initiatives. The Company does not have any associate and/or joint venture company. Form AOC - 2 pursuant to Section 134 (3) (h) of the Companies Act, 2013 read with Rule 8(2) of the Companies (Accounts) Rules, 2014 is set out in the ‘Annexure-F’ to this report. There are no risks identified by the Board which may threaten the existence of the Company. Particulars of Loans, Guarantees or Investments. Fundamental, Stock Ideas, Multibaggers & Insights, Stock & Index F&O Trading Calls & Market Analysis, Positional and Intraday Trading Calls basis Noiseless Chart, Commodity Trading Calls & Market Analysis, Currency Derivatives Trading Calls & Insights, Options Trading Advice and Market Analysis, Model portfolios, Investment Ideas, Guru Screens and Much More, Proprietary system driven Rule Based Trading calls, Curated markets data, exclusive trading recommendations, Independent equity analysis & actionable investment ideas, Details stock report and investment recommendation, -218.45 (-1.50%) Meeting Room Booking. Ut enim ad minim veniam, quis nostrud exercitati, cididunt ut labore et dolore magna aliqua. The Board recommends the same for the approval of the shareholders of the Company. Shares of Shalimar Paints rose 1.07% to Rs 108.85 on BSE. Shalimar Paints has a D/E ratio of 0.4713 which means that the company has low proportion of debt in its capital. webappsupport@shalimarpaints.com . Jindal Group and the Hong-Kong based S.S. Jhunjhnuwala Group. Your Board recommends his appointment as the Director in the ensuing AGM. Shalimar Paints Consolidated March 2020 Net Sales at Rs 83.43 crore, down 6.79% Y-o-Y 22.04.2020 Shalimar Paints share price jumps 8% after Porinju Veliyath picks up stake The audited financial statements of the subsidiary companies are available for inspection at the Company’s Registered Office. - O he Company has changed its Registrar and Transfer Agents (RTA) from MCS Share Transfer Agent Limited to BEETAL Financial & Computer Services Private Limited w.e.f May 23, 2018. Material changes and commitments affecting financial position between the end of the financial year and date of the report. The same is available at company’s website i.e. The Company offers an extensive range of decorative paint and industrial paint. Shalimar Paints Consolidated March 2020 Net Sales at Rs 83.43 crore, down 6.79% Y-o-Y 22.04.2020 Shalimar Paints share price jumps 8% after Porinju Veliyath picks up stake Shalimar Paints is one of India's leading paints manufacturing companies. For Home decoration and Industrial Paints. SHALIMAR PAINTS LIMITED : Kurs, Charts, Kurse, Empfehlungen, Fundamentaldaten, Echtzeitnews und Analysen der Aktie SHALIMAR PAINTS LIMITED | SHALPAINTS | INE849C01026 | … View Footer More About Shalimar. - D he Auditors’ Report for financial year 2017-18 does not contain any qualifications, reservations or adverse remarks. Shalimar Paints Ltd (SHALPAINTS) - Financial and Strategic SWOT Analysis Review - provides you an in-depth strategic SWOT analysis of the company’s businesses and operations. SHALIMAR PAINTS LIMITED : Vorstellung des Unternehmens SHALIMAR PAINTS LIMITED, Aktionäre, Vorstände und Berufsbeschreibung, Finanzstärkerating, offizielle Mitteilungen, Kontaktdaten und Börsenkennzahlen | 509874 | INE849C01026 | MUMBAI STOCK EXCHANGE Shalimar Paints Limited was founded in 1902 and is based in Gurugram, India. ‘ESOP 2013’ of the Company, during the financial year under review. Shalimar Paints auditor’s report. 200 likes. Registrar: Beetal Financial & Computer Services (P) Ltd. Beetal House, 3rd Floor, 99, Madangir, Behind LSC, New Delhi - 110062 Phone: 011-29961281-83 Fax: 011-29961284 … Shalimar Paints. Facebook is showing information to help you better understand the purpose of a Page. Get latest prices, models & wholesale prices for buying Shalimar Paint. Auditor reports and auditors Audit reports. We thank our customers, vendors, investors, bankers, employees for their continued support during the year. Results of our operations and state of affairs for financial year 2017-18. Ltd. Shalimar Paints Ltd Main Contact Information. Directors and Key Managerial Personnel Appointments/ Re-appointments. We follow a gender-neutral approach in handling complaints of sexual harassment and we are complaint with the law of the land wherever we operate. Current status of Shalimar Paints Ltd is - Active. Shalimar Paints Customer Care Number 1800-103-6509 Shalimar Paints Customer Support Email feedback@shalimarpaints.com (for feedback) Shalimar Paints Main Office Address Shalimar Paints Limited, 1st Floor, Plot No. Login to e-rapid . Copyright © e-Eighteen.com Ltd All rights resderved. World of Colors. e. The Company does not have any scheme or provision of money for the purchase of its own shares by employees/ directors or by trustees for the benefit of employees/ Directors. © 2021 PitchBook Data. Information on stock, financials, earnings, subsidiaries, investors, and executives for Shalimar Paints. We also constituted an Internal Complaints Committee (ICC) in all locations across India to consider and address sexual harassment complaints in accordance with the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013. Decorative Paints Segment - Decorative paints are generally used for painting of domestic, office and other buildings mainly for enhancement of aesthetic look & protection. Noneof the Companies has become or ceased to be the Company's subsidiaries during the yearunder review. or medium without express writtern permission of moneycontrol.com is prohibited. 63 talking about this. Innovative Ideas. 14.8k Followers, 37 Following, 692 Posts - See Instagram photos and videos from Shalimar Paints Limited (@shalimarpaints_) Personalize which data points you want to see and create visualizations instantly. The company offers decorative paints for interior … The CSR Policy of the Company is available on the Company’s website link at: https://www.shalimarpaints.com/upload/ investor reports/Corporate%20Social%20Responsibility%20Policy.pdf. A brief profile of the Directors proposed to be appointed and re-appointed, as required under SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, is appended as an Annexure to the Notice of the ensuing AGM. Login to iCONNECT. Shalimar Paints has intimated that Ashish Kumar Bagri has resigned from the position of Chief Financial Officer (CFO) with effect from the closing of business hours of Thursday, 21 January 2021. Any member desirous of obtaining a copy of said financial statements may write to the Company Secretary at Company’s Registered Office. The result of which was declared on July 7, 2018: - Ordinary resolution for raising the Authorized Share Capital of the Company from Rs, 8,00,00,000/- to Rs, 20,00,00,000/. M/s A K Dubey & Co., Chartered Accountants (Firm Registration No. All contracts/arrangements/transactions entered by the Company with Related Parties were in ordinary course of Business and at arm''s length basis. - Ms required by the Listing Regulations, the auditors’ certificate on corporate governance is forming part to this Director’s Report. Industrial Paints Segment - Shalimar manufactures and markets industrial coatings to cater Protective coating sector, Product Finish (OEM,GENERAL INDUSTRIAL SECTOR), Range of marine paints including antifouling paints Packaging coatings for metal decoration including food can lacquers are established products running successfully in different coating lines for years. Affecting financial position between the end of the contribution made by our employees at 1. Company offers an extensive range of decorative paint and industrial coatings the robustness of the system - D Secretarial! 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