Meeting Details
The 124th Annual General Meeting (AGM) of Shalimar Paints Limited was held on Wednesday, September 09, 2026 at 12:30 p.m. IST through Video Conferencing (VC) in accordance with the provisions of Companies Act, 2013 and relevant circulars from the Ministry of Corporate Affairs and SEBI.
The meeting was deemed to be conducted at the registered office of the Company as per Secretarial Standard SS-2 issued by the Institute of Company Secretaries of India (ICSI) and guidance dated April 15, 2020.
Meeting Leadership and Attendance
Dr. Rajeev Uberoi, Chairman of the Company, chaired the AGM proceedings. The following officials were present:
- Directors and Key Executives of the Company
- Chairperson of Audit Committee, Nomination & Remuneration Committee, and Stakeholders Relationship Committee
- Statutory Auditor, Cost Auditor, and Secretarial Auditor (with right to be heard on relevant business matters)
Voting Arrangements
The Company provided remote electronic voting facility through National Securities Depository Limited (NSDL) for all members as of the cut-off date September 02, 2026. The remote e-voting period ran from September 05, 2026 at 09:00 a.m. IST to September 08, 2026 at 05:00 p.m. IST.
Mr. Ankush Agarwal, Partner at MAKS & Co., Company Secretaries in Practice, was appointed as Scrutinizer for both remote e-voting and votes cast during the AGM under Section 108 of the Companies Act, 2013.
Agenda Items and Resolutions
The following business items were transacted at the AGM:
Ordinary Business
1. Adoption of Financial Statements: To receive, consider and adopt:
- Audited Standalone Financial Statements for FY ended March 31, 2026 with reports of Board of Directors and Auditors
- Audited Consolidated Financial Statements for FY ended March 31, 2026 with Report of the Auditors
Resolution Type: Ordinary
2. Director Reappointment: To appoint Mr. Aaditya Gajendra Sharda (DIN 07024283) as Director who retires by rotation and offers himself for reappointment
Resolution Type: Ordinary
Special Business
3. Capital Restructuring: Increase and Restructuring in Authorised Share Capital of the Company
Resolution Type: Ordinary
4. Investment Limits: Increase in limits of Investment under Section 186 of the Companies Act 2013
Resolution Type: Special
5. Cost Auditor Remuneration: To ratify remuneration payable to the Cost Auditors for Financial Year 2026-27
Resolution Type: Ordinary
Meeting Proceedings
The Chairman confirmed requisite quorum was present through VC and called the meeting to order. The Notice convening the AGM and Annual Report for FY ended March 31, 2026 were taken as read since they were already circulated to members.
The Chairman delivered a speech on business performance, and the MD & CEO gave a presentation on company performance to shareholders.
Registered speaker members were offered opportunity to express views or ask questions on proposed resolutions, with responses provided by the Chairman and MD & CEO.
Electronic Voting and Meeting Conclusion
Electronic voting facility was made available during the AGM for members who had not voted earlier through remote e-voting. The voting continued for 15 minutes during the meeting.
The meeting concluded at 02:35 p.m. IST (including e-voting time during AGM).
Post-Meeting Actions
The Company will submit the consolidated scrutinizer's report of voting results to stock exchanges within prescribed time limits and place the same on the company website.