63 talking about this. In view of the losses incurred during the year under review, the Board did not recommend any dividend. The Company has received In-Principal approval from BSE and NSE. The Related Party Transactions policy of the Company, is available on the Company’s website link at: https://www. Login to iCONNECT. As on March 31, 2018, the Company has two subsidiaries, namely Shalimar Adhunik Nirman Limited (SANL) and Eastern Speciality Paints & Coatings Private Limited (ESPCPL). See insights on Shalimar Paints including office locations, competitors, revenue, financials, executives, subsidiaries and more at Craft. Shalimar Paints. Login to e-rapid . Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express writtern permission of moneycontrol.com is prohibited. Get the full list ». - The Securities and Exchange Board of India vide its order dated March 19, 2018 approved the Rights Issue of the Company for an amount not exceeding Rs, 50 Crore (Rupees Fifty Crores only). 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. Through CSR there is a formation of a dynamic relationship between a Company on one hand and the society and environment on the other. 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. (12) of the Companies Act, 2013 (including any statutory modification(s) or re-enactment(s) thereof for the time being in force). For Home decoration and Industrial Paints. Meeting Room Booking. Noneof the Companies has become or ceased to be the Company's subsidiaries during the yearunder review. However, 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. 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. The company operates primarily into one segment that is Paints. The Company have received an interim payment of Rs, 1,099.73 Lakhs in respect of Nasik plant in March, 2018. 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 Find here Shalimar Paint dealers, retailers, stores & distributors. read more... Chandan Paints & Hardware. Auditor reports and auditors Audit reports. All contracts/arrangements/transactions entered by the Company with Related Parties were in ordinary course of Business and at arm''s length basis. - 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. Login to Web Mail . Shalimar Paints auditor’s report. The detailed policy is available on the Company''s website link at: https://www.shalimarpaints.com/upload/investor_reports/ Nomination and Remuneration Policy.pdf Performance Evaluation. During the Calendar year, the Company has not received any complaint. The company is engaged in manufacturing and marketing of decorative paints and industrial coatings. None of the Companies has become or ceased to be the Company''s subsidiaries, during the year under review. 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. Risk Management. As the trading in equity shares of the Company is permitted only in dematerialized form, the Company has made the requisite arrangements with National Securities Depository Limited and Central Depository Services (India) Limited to enable investors to hold shares in dematerialized form. In 1972 Shalimar went public and in 1989, the company was acquired by the O.P. They also discussed the strength and weakness of the system. The Auditors’ Report is enclosed with the financial statements in this Annual Report. 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. Other metrics include Mgmt Compensation,utilization, 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). Welcome to Shalimar One. 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. 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