Key Details
NSE Symbol: SHALPAINTS
Compliance Officer: Snehal Saboo, Company Secretary & Compliance Officer (Membership No. A49811)
Regulatory Approval
- BSE Limited and National Stock Exchange of India Limited granted approval on August 03, 2026 for reclassification of persons from 'Promoter/Promoter Group' category to 'Public' category
- Approval based on application dated January 17, 2026 submitted by the company
- Regulatory references: SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Regulation 31A
- BSE reference: LIST/COMP/KR/155/2026-27
- NSE reference: NSE/LIST/COMP/SHALPAINTS/549/2026-2027
Persons Reclassified
The following eight individuals were approved for reclassification from Promoter Group to Public category:
Shareholding Details (Pre-reclassification):
| Name | Shares Held | % Holding |
| Ms. Hina Devi Goyal | 60 | 0.0001% |
| Ms. Ritu Jhunjhnuwala | 0 | 0% |
| Mr. Surya Kumar Jhunjhnuwala | 0 | 0% |
| Mr. Gaurang Surya Jhunjhnuwala | 0 | 0% |
| Ms. Sarita Devi Jain | 0 | 0% |
| Mr. Shivang Jhunjhnuwala | 0 | 0% |
| Ms. Sarika Jhunjhnuwala | 0 | 0% |
| Ms. Kusum Mittal | 0 | 0% |
Compliance Requirements
The company is required to ensure compliance with subsequent relevant disclosures of material events related to this reclassification in accordance with Regulation 31A of SEBI LODR Regulations, 2015.
Signatories and Authorities
BSE Limited:
- Javshree Soni, Deputy Vice President - Listing Compliance
- K. N. Rath, Deputy Manager - Listing Compliance
- Krishna Rathi, Deputy Manager - Listing Compliance
National Stock Exchange of India Limited:
- Dhaval Shah, Senior Manager - Listing Compliance
Company Representative:
- Snehal Saboo, Company Secretary & Compliance Officer (digitally signed on August 03, 2026 at 22:03:30 +05:30)
Document References
- Annexure A: List of persons for reclassification
- Annexure B: No Objection letters from stock exchanges (enclosed)