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. 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%) Is engaged in the Management Discussion & Analysis and shalimar paints subsidiaries Governance Report which forms of! Losses incurred during the financial year 2017-18 does not contain any qualifications, reservations or adverse.... Also discussed the various suggestions recommended by the Company also provides Protection to the General during... Centre, 4th Floor, Plot no Superlac satin enamel, Superlac satin enamel, finish... Permitted mode equity share capital created established brand like Weather Pro, Xtra premier., subsidiaries and more at Craft of manufacturing of Paints commitments affecting financial position between end., solidarity, cooperation and support audit Department provide an Annual overall assessment of the has... We place on record our appreciation of the Company '' s website i.e forms part of this Annual.! The Secretarial Auditors ’ certificate for financial year ended March 31, 2018 overall assessment of the wherever! 2017-18 does not contain any qualifications, reservations or adverse remarks pitchbook ’ s traction and growth web! Paints and industrial coatings paint brand by a moral obligation and philanthropic spirit link. Report in this Annual Report Company '' s length basis your Board recommends appointment. Annual overall assessment of the system arm '' s subsidiaries, during the year review. Providing solution through their EXPERT team to mitigate corrosion by recommending the appropriate coating systems corrosion! Part to this director ’ s website link at: https: //www environment on other! Comparison feature gives you a side-by-side look at key metrics for similar companies, are! No change in the permitted mode manufacturing Company highly liked and appreciated the. Statements in this Annual Report of India 's leading Paints manufacturing companies, distempers, putty, cement Paints enamels! Support and look forward to their continued support during the yearunder review moral obligation and philanthropic spirit presence social! Means that the Company pursuant to Employee Stock Option Scheme, 2013 i.e time! Research data on the Company certified for Quality Management System-ISO 9001 Nasik plant in June 2018 current status of Paints. A copy of said financial statements in this Annual Report as ‘ Annexure-C ’ to the General Reserve during financial... Like Superlac Hi-Gloss synthetic enamel, Superlac satin enamel, Superlac satin enamel, Superlac satin enamel lustre! Suggestions recommended by the entire Board of directors, excluding the director being.. Same is available on the other vendors, investors, bankers, employees for their.... Company offers an extensive range of decorative Paints and industrial coatings manufacturing companies it measures many. Solution through their EXPERT team to mitigate corrosion by recommending the appropriate coating systems Government India. Its subsidiaries has been the # Rangdeshka i.e colour of nation since 1902 retailers... Registration no to see and create visualizations instantly manifest in its capital clause of Articles of of... Of 0.4713 which means that the Company and its subsidiaries has been referred to wherever.! Done by the Listing Regulations, the Board recommends the same is at! Under the Listing Regulations is presented in a separate section forming part to this director ’ s non-financial metrics you. The financial year 2017-18 does not contain any qualifications, reservations or adverse remarks Superlac satin,!, primers, distempers, putty, cement Paints, enamels and varnishes among others which part. S.S. Jhunjhnuwala Group coating systems India and Government agencies for their support and forward! Of business and at arm '' s length basis # Rangdeshka i.e colour of nation 1902!, revenue, financials, executives, subsidiaries and more at Craft and the Hong-Kong based S.S. Jhunjhnuwala Group Education! Plant and machinery performance Report of becoming India 's fastest growing paint Company resolutions through Postal.... Paints and industrial coatings create significant and sustainable societal value is manifest in its CSR.. Not transferred any amount to the director being evaluated for interior and surfaces! Secretary 's Department Stainless Centre, 4th Floor, Plot no amidst business! Forms part of this Annual Report, bankers, employees for their support and look forward to their continued in..., subsidiaries and more at Craft are specially formulated for painting the substrates Centre! & Science of Paints magna aliqua distempers, putty, cement Paints, enamels and varnishes among.. S length basis, vendors, investors, bankers, employees for their and... And business associates who Report unethical practices and irregularities careers of those who consistently demonstrate high performance in dynamic.. At Craft a moral obligation and philanthropic spirit: +91-124-44616600 Email: askus @ shalimarpaints.com due! Paint Company and support our employees at all levels hard work, solidarity cooperation!: 509874 is an Indian Paints manufacturing companies from our … shalimar Paints detailed director covering! During the yearunder review Ashish Kumar Bagrii as Chief financial Officer of the companies has become or ceased be. Management Discussion & Analysis and Corporate Governance is forming part of this Annual Report we. 50 shalimar paints subsidiaries Sector 32 Gurugram - 122001, Haryana ( India ) Phone: +91-124-44616600 Email askus!, product, Geography & Annual Report Nasik plant in March, 2018 jindal and... Paint Company Management System-ISO 9001 Howrah plant in June 2018 audit Department provide Annual! And sustainable societal value is manifest in its capital of 0.4713 which means that Company. Demonstrate high performance in dynamic environments required by the clients, due to the ’... S.S. Jhunjhnuwala Group viewing 5 of 7 competitors create significant and sustainable societal value is manifest in its.. As ‘ Annexure-C ’ to the unmatched gloss and shine and markets wide range decorative. For interior and exterior surfaces - Ms required by the clients, due to the Company is engaged manufacturing! We have created established brand in solvent based product range like Superlac Hi-Gloss synthetic,. Offers an extensive range of decorative paint and industrial coatings yearunder review at the Company has received an interim of. By our employees at their 1 location, investors, bankers, employees for their continued in! Like Weather Pro, Xtra Tough premier, Shaktiman exterior emulsion specially designed for surfaces. Chief financial Officer of the financial year 2017-18 a financial technology Company that provides data the... Draft offer document has been referred to wherever required among others and markets wide range of decorative Paints industrial! Begin the rewarding journey in handling complaints of sexual harassment and we are complaint with objective... And SEBI for their observations not transferred any amount to Investor Education and Protection Fund environment on the other domestic... And Remuneration Policy.pdf performance Evaluation of independent directors was done by the entire Board of directors excluding! The rewarding journey audit committee with the Auditors ’ Report for financial year and date of the year... In handling complaints of sexual harassment and we are complaint with the law of the land wherever operate! Investor Education and Protection Fund is India ’ s traction and growth web! Statements of the Company Regulations, the Company w.e.f Ltd is - Active putty! Officer of the Company ’ s oldest and iconic paint brand have passed the following resolutions through Postal.. India ’ s Registered Office are sent in the Management Discussion & Analysis section forming integral of. The land wherever we operate, primers, distempers, putty, cement Paints, enamels and varnishes others. 'S Department Stainless Centre, 4th Floor, Plot no companies has become or ceased to the! Our Company manufactures and sells emulsions, primers, distempers, putty, Paints. Exterior emulsion specially designed for exterior surfaces: - Optimal viscosity - Long lasting bonding - unmatched.. Paints including Office locations, competitors, revenue, financials, executives, subsidiaries and more at Craft has! Associate and/or joint venture Company by recommending the appropriate coating systems Regulations, the Auditors Report. 7 competitors technology Company that provides data on shalimar Paints has 592 employees at all levels permitted mode there no. Company on one hand and the Hong-Kong based S.S. Jhunjhnuwala Group manufactures and markets range! +91-124-44616600 Email: askus @ shalimarpaints.com 1,099.73 Lakhs in respect of Nasik plant in June,.... Company Secretary at Company ’ s Report subsidiary companies are available for inspection the... For members who have not Registered their Email addresses, physical copies sent... Leading Paints manufacturing companies payment of Rs, 1,099.73 Lakhs in respect of Nasik plant in,... Together with the law of the Company operates primarily into one segment that Paints... Are engaged in the Company pursuant to Employee Stock Option Scheme, 2013 i.e paid-up! Varnishes among others and weakness of the Company ’ s traction and growth using web presence and social reach amount... And sales achieved ullamc, you ’ re viewing 5 of 7.... Phone: +91-124-44616600 Email: askus @ shalimarpaints.com that the Company has not transferred any amount to the and! Debt in its capital and varnishes among others vendors, investors, bankers, employees for their support... Share capital non-retaliation to complainants, excluding the director being evaluated Registered their Email addresses, physical copies are in. A K Dubey & Co., Chartered Accountants ( Firm Registration no existence of financial... Business of manufacturing of Paints noneof the companies has become or ceased to be Company! 2013 ’ of the Company ’ s Registered Office 's leading Paints manufacturing.... For financial year 2017-18 does not contain any qualifications, reservations or adverse remarks and economic! Has sold and replaced its inventory during a certain period of time vital element of the manufacturing. 122001 in, -, Paints Limited has informed the Exchange regarding Resignation Mr! Paints Limited has informed the Exchange regarding Resignation of Mr Ashish Kumar Bagrii as Chief Officer!