Shalimar Paints Share Price

Shalimar Paints

CMP as on 29-Nov-22 15:29

₹ 147.00
-0.90 -0.61%

Open

₹ 148.90

Turnover (lac)

₹ 74

Prev. Close

₹ 147.90

Day's Vol (shares)

₹ 50,624

Day's Range (₹)

₹ 146.50
₹ 149.80

CMP as on29-Nov-22 15:58

₹ 147.30
-1.2 -0.81%

Open

₹ 148.50

Turnover (lac)

₹ 85

Prev. Close

₹ 148.50

Day's Vol (shares)

₹ 3,650

Day's Range

₹ 147.00
₹ 149.80

Shalimar Paints Ltd., a company primarily incorporated by British entrepreneurs under the name Shalimar Paint Colour & Varnish Company in 1902 to takeover the business of The Shalimar Works, a company which manufactures paints, colour and varnish from its factory at Shalimar and Goabaria in Bengal. It is having plants in Howrah (West Bengal), Nasik (Maharashtra) and Sikandrabad,Dist.Bulandsahar (Uttar Pradesh).Courtalds Coatings, UK was the holding company and it holds majority shareholding through its subsidiary International Paint Company, UK. It became a private limited company in 1956 and later on in 1961, it was converted into a public limited company. The company acquired its present name in 1963. Courtalds slowly started disinvesting since 1978 and finally in 1989, it fully disinvested its stake and maintained only its technical and marketing collaboration with the Indian company till 1994. The Courtalds stake was acquired by G Jhunjhunwala, a HongKong based NRI (20%) and the Delhi-based O P Jindal group (42%).The company has three product segments - industrial, marine and architectural paint segments. It also manufactures varnishes, resins, etc. The company has two manufacturing units one at Howrah, West Bengal and the other at Nashik, Maharashtra. 90% of its raw materials are obtained from Kerala Mining and Materials (KMML).The company diversified in 1993 into aviation coatings. It also launched a premium range of wall finisher - Hussain Collections - in the decorative sector. It also entered into a technical collaboration with Salchi, Italy to manufacture solvent borne industrial paints. A joint venture company, Grace Shalimar (P) Ltd, has been formed with W R Grace & Co, to produce 2000 tpa of packaging coatings for which a new plant will be set up at Nashik.In 1999-2000, the company introduced two new products, MELA, an acrylic distemper and XTRA, a premium 100% acrylic exterior finish paint. In 2000-01, the company has entered into a tie-up with Creanova, a world leader in colorants and in 2001-02 the company launched colour tinting system business under the brand name of Color Space. Several new products including Roadcoat,Shaktiman were introduced during 2001-02.

  • Chairman & Independent Directo

    Gautam Kanjilal
  • Independent Director

    Alok Perti
  • Company Secretary

    Gautam
  • Managing Director

    Ashok Kumar Gupta
  • Addtnl Independent Director

    Ashok Kumar Agarwal
  • Addtnl Non-Exe Dir &Indpnt Dir

    VIJAY KUMAR SHARMA
  • Independent Director

    Shruti Srivastava
  • Addtnl Non-Exe Dir &Indpnt Dir

    Rajeev Oberoi
  • Additional Director

    Abhyuday Jindal
  • Additional Director

    SANJIV GARG

Registered Office

Stainless Centre 4th Floor,
Plot No 50 Sector 32,Gurugram,
Haryana-122001

REGISTRAR OFFICE

F-65 1st Floor,
Phase I,New Delhi-110020
INDIA