The same is available at company’s website i.e. We place on record our appreciation of the contribution made by our employees at all levels. SHALIMAR PAINTS LIMITED : Kurs, Charts, Kurse, Empfehlungen, Fundamentaldaten, Echtzeitnews und Analysen der Aktie SHALIMAR PAINTS LIMITED | SHALPAINTS | INE849C01026 | … There are no risks identified by the Board which may threaten the existence of the Company. Your Company’s overarching aspiration to create significant and sustainable societal value is manifest in its CSR initiatives. Shalimar Paints is India’s oldest and iconic paint brand. The Rang Desh Ka TVC aims at removing the blots from the nation that … During the year under review, M/s Chaturvedi and Partners, retired at the conclusion of 115th Annual General Meeting and did not offer themselves for re-appointment. Your Company during the year under review suffered a loss Rs, 4,541.64/- Lacs as against loss of Rs, 961.24/- Lacs in the previous year. In accordance with Section 129(3) of the Companies Act, 2013 read with Rule 5 of Companies (Accounts of Companies) Rules 2014, the Company has prepared consolidated financial statements of the Company and its subsidiaries which form part of the Annual Report. None of the Companies has become or ceased to be the Company''s subsidiaries, during the year under review. Our Company manufactures and markets wide range of decorative paints for interior and exterior surfaces - concrete, plaster, metal or wood etc. All transactions with related parties were reviewed and approved by the Audit Committee and are in accordance with the Policy on Related Party Transactions formulated by the Company. Powered by PAYBACK, Shalimar Paints EXPERT Program App, brings the benefits of the program at your fingertips. Login to iCONNECT. 200 likes. Business. Meeting Room Booking. Login to Web Reports . They also discussed the strength and weakness of the system. Risk Management. Ut enim ad minim veniam, quis nostrud exercitati, cididunt ut labore et dolore magna aliqua. 50, Sector 32, Gurugram Gurgaon HR 122001 IN , - , . We thank our customers, vendors, investors, bankers, employees for their continued support during the year. Particulars of Employees. Particulars of Loans, Guarantees or Investments. ‘ESOP 2013’ of the Company, during the financial year under review. - O he Company has changed its Registrar and Transfer Agents (RTA) from MCS Share Transfer Agent Limited to BEETAL Financial & Computer Services Private Limited w.e.f May 23, 2018. Price. Zohaib. Shalimar Paints has intimated that Ashish Kumar Bagri has resigned from the position of Chief Financial Officer (CFO) with effect from the closing of business hours of Thursday, 21 January 2021. As on March 31, 2018, the Company has two subsidiaries, namely Shalimar Adhunik Nirman Limited (SANL) and Eastern Speciality Paints & Coatings Private Limited (ESPCPL). Decorative Paints Segment - Decorative paints are generally used for painting of domestic, office and other buildings mainly for enhancement of aesthetic look & protection. Company Secretary's Department Stainless Centre, 4th Floor , Plot No. A report as required under the SEBI (Share Based Employee Benefits) Regulations, 2014 and as per the provisions of section 62(1)(b) of the Companies Act readwith rule 12(9) of the Companies (Share Capital and Debenture) Rules, 2014 and other applicable Regulations is annexed as ‘Annexure A’ to this report. In compliance with Regulation 34 of the Listing Regulations, a separate report on Corporate Governance along with a certificate from the Auditors on its compliance forms an integral part of this Annual Report annexed as ‘Annexure-I’. The offered Shalimar Paints are specially formulated for painting the substrates. Pursuant to the applicable provisions of the Companies Act, 2013, read with the IEPF Authority (Accounting, Audit, Transfer and Refund) Rules, 2016 (‘the Rules’), all unpaid or unclaimed dividends are required to be transferred by the Company to the IEPF established by Government of India, after the completion of seven years. Discover a variety of colors from our exclusive world of colors. read more... Chandan Paints & Hardware. As on March 31, 2018, the Audit Committee of the Board of Directors of the Company comprised of Mr. Gautam Kanjilal, Mr. Alok Perti and Ms. Pushpa Chowdhary, under the Chairmanship of Mr. Gautam Kanjilal. (12) of the Companies Act, 2013 (including any statutory modification(s) or re-enactment(s) thereof for the time being in force). In accordance with Section 134(3)(a) of the Companies Act, 2013, an extract of the annual return in the prescribed format is appended as ‘Annexure-E’ to the Director’s Report. January 21, 2021. SHALIMAR PAINTS LIMITED : Vorstellung des Unternehmens SHALIMAR PAINTS LIMITED, Aktionäre, Vorstände und Berufsbeschreibung, Finanzstärkerating, offizielle Mitteilungen, Kontaktdaten und Börsenkennzahlen | 509874 | INE849C01026 | MUMBAI STOCK EXCHANGE Shalimar Paints Limited was founded in 1902 and is based in Gurugram, India. webappsupport@shalimarpaints.com . - The Company has received an Insurance claim amount of Rs, 1122.35 lakhs in respect of Howrah plant in June 2018. Our offered shalimar paints are highly liked and appreciated by the clients, due to the unmatched gloss and shine. Subsidiary Company / Subsidiary The subsidiary companies of our Company, namely Eastern Speciality Paints & Coatings Private Limited Shalimar Adhunik Nirman Limited QUV Q Panel Laboratory Ultraviolet Testing, in which painted panel is exposed to UV and difference in color and chalking is measured In compliance with the applicable provisions of the Companies Act, 2013 and SEBI (Listing Obligations and disclosure Requirements) Regulations, 2015, the Board of Directors on recommendation of the Nomination and Remuneration Committee has approved and adopted the Evaluation Policy setting out the process, format, attributes and criteria for the performance evaluation of the Board, Board Committees and Individual Directors. Your board recommends his appointment as Chairman cum Independent Director of the Company for further period of 3 years in the ensuing Annual General Meeting. - Appointment of Mr. Ashok Kumar Gupta (DIN: 01722395) as Vice Chairman cum Additional Director of the Company w.e.f August 10, 2018. CSR is traditionally driven by a moral obligation and philanthropic spirit. Forgot Password Click here. A brief profile of the Directors proposed to be appointed and re-appointed, as required under SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, is appended as an Annexure to the Notice of the ensuing AGM. Registrar: Beetal Financial & Computer Services (P) Ltd. Beetal House, 3rd Floor, 99, Madangir, Behind LSC, New Delhi - 110062 Phone: 011-29961281-83 Fax: 011-29961284 … Our continuous operation was made possible by their hard work, solidarity, cooperation and support. The Secretarial Auditors’ Report is enclosed as ‘Annexure-C’ to the Director’s Report in this Annual Report. 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. Top Stock to Buy with Anil Singhvi – Shalimar Paints, Sirca Paints and Kamdhenu Ltd: The Initial Public Offering (IPO) of Indigo Paints is opening on Wednesday which will likely trigger a rerating in the paints sector, Zee Business Managing Editor Anil Singhvi opines. Shalimar Paints has a D/E ratio of 0.4713 which means that the company has low proportion of debt in its capital. Subsidiary Company / Subsidiary The subsidiary companies of our Company, namely Eastern Speciality Paints & Coatings Private Limited Shalimar Adhunik Nirman Limited QUV Q Panel Laboratory Ultraviolet Testing, in which painted panel is exposed to UV and difference in color and chalking is measured - 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 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. 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. Noneof the Companies has become or ceased to be the Company's subsidiaries during the yearunder review. Shalimar Paints Customer Care Number 1800-103-6509 Shalimar Paints Customer Support Email feedback@shalimarpaints.com (for feedback) Shalimar Paints Main Office Address Shalimar Paints Limited, 1st Floor, Plot No. The Company had received consent from M/s Arun Goel & Associates, to act as the auditor for conducting audit of the secretarial records for the financial year ending March 31, 2018. Material changes and commitments affecting financial position between the end of the financial year and date of the report. SHALIMAR PAINTS LIMITED : Vorstellung des Unternehmens SHALIMAR PAINTS LIMITED, Aktionäre, Vorstände und Berufsbeschreibung, Finanzstärkerating, offizielle Mitteilungen, Kontaktdaten und Börsenkennzahlen | 509874 | INE849C01026 | MUMBAI STOCK EXCHANGE Shalimar Paints Limited was founded in 1902 and is based in Gurugram, India. From May’2015 affair of the company are managed by Mr. Surender Bhatia as whole time director. PitchBook is a financial technology company that provides data on the capital markets. 50, Sector 32 Gurugram - 122001, Haryana (India) Phone: +91-124-44616600 Email: askus@shalimarpaints.com. The Board of Directors of the Company had discussed in their meeting about the effectiveness and appropriateness of a sound Internal Financial Control System already established in the Company. Public Fundamental Data provided by Morningstar, Inc. Shalimar Paints Ltd is an Indian based firm that engaged in the manufacturing and distribution of Paints, Varnishes, Ena, tempor incididunt ut labore et dolore magna aliqua. Transfer of amount to Investor Education and Protection Fund. The Company has complied with Secretarial Standards issued by the Institute of Company Secretaries of India on Meetings of the Board of Directors and General Meetings; c. The Managing Director and CEO of the Company has not received any remuneration or commission from any of Companies subsidiary; d. D one of the Auditors of the Company have reported any fraud as specified under the second proviso of Section 143. - 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. The Risk Management Policy of the Company, is available on the Company’s website link at: https://www.shalimarpaints. Current status of Shalimar Paints Ltd is - Active. Other metrics include Mgmt Compensation,utilization, The Independent Directors had met separately on August 10, 2017 without the presence of Non Independent Directors and the members of management and discussed inter-alia, the performance of Non Independent Directors and Board as a whole and the performance of the Chairman of the Company after taking into consideration the views of Executive and Non-Executive Directors. Login to e-rapid . Yashwant Nagar, Pune Shop No. The company operates primarily into one segment that is Paints. There were no shares offered by the company pursuant to Employee Stock Option Scheme, 2013 i.e. Mr. Gautam Kanjilal - Chairman cum non-executive independent director of the Company was appointed for a term of three years with effect from November 7, 2015. The revenue from operations and other income of the Company for the financial year 17-18 stood at Rs, 27,863.96/- Lacs as against Rs, 39,631.13/- Lacs in the previous year. 14.8k Followers, 37 Following, 692 Posts - See Instagram photos and videos from Shalimar Paints Limited (@shalimarpaints_) They also discussed the various suggestions recommended by the audit committee with the internal auditors. The company offers decorative paints for interior … Copyright © e-Eighteen.com Ltd. All rights reserved. PitchBook’s non-financial metrics help you gauge a company’s traction and growth using web presence and social reach. The consolidated performance of the Company and its subsidiaries has been referred to wherever required. .ar{fill:#eb6135;stroke:#b24226;}.br,.dr{fill:none;}.br{stroke:#fff;}.cr{stroke:none;}, -746.22 (-1.50%) As on March 31 2019 the Company has two subsidiaries namely Shalimar Adhunik NirmanLimited (SANL) and Eastern Speciality Paints & Coatings Private Limited (ESPCPL). In view of the losses incurred during the year under review, the Board did not recommend any dividend. Use the PitchBook Platform to explore the full profile. Our policy assures discretion and guarantees non-retaliation to complainants. Just download the Shalimar Paints EXPERT Program App, register and begin the rewarding journey. M/s A K Dubey & Co., Chartered Accountants (Firm Registration No. The Policy also provides protection to the employees and business associates who report unethical practices and irregularities. Shalimar Paints is India’s oldest and iconic paint brand. The Company have received an interim payment of Rs, 1,099.73 Lakhs in respect of Nasik plant in March, 2018. Shalimar Paints Ltd is an Indian based firm that engaged in the manufacturing and distribution of Paints, Varnishes, Enamels, and Lacquers products. The Company continued with its policy of installation of tinting systems in various retail outlets across the country with a view to increase the demand for its high value products, especially water based products. The Whistle-blower Policy has been approved and adopted by Board of Directors of the Company in compliance with the provisions of Section 177 (10) of the Companies Act, 2013 and Regulation 22 of the Listing Regulations. Amidst our business transition, we are helping build careers of those who consistently demonstrate high performance in dynamic environments. (a) D n the preparation of the annual accounts for the financial year ended March 31, 2018 and applicable accounting standards have been followed and there are no material departures; (b) They have selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the Company at the end of the financial year and of the profit and loss of the Company for that period; (c) They have taken proper and sufficient care towards the maintenance of adequate accounting records in accordance with the provisions of the Companies Act, 2013 for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities; (d) They have prepared the annual accounts on a going concern basis; (e) They have laid down internal financial controls, which are adequate and are operating effectively; (f) They have devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems are adequate and operating effectively. 89K likes. Shalimar Paints has a ROE of - 13.9134702345924 % . - The Company has received an Insurance claim amount of Rs, 1122.35 lakhs in respect of Howrah plant in June, 2018. Welcome to Shalimar One. www.shalimarpaints.com. Surender Kumar Alok Perti, Dated : August 10, 2018 Managing Director and CEO Director, Place : Gurugram DIN: 00510137 DIN: 00475747. Auditor reports and auditors Audit reports. World of Colors. Shalimar Paints has intimated that Ashish Kumar Bagri has resigned from the position of Chief Financial Officer (CFO) with effect from the closing of business hours of Thursday, 21 January 2021. 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). Shalimar Paints, Gurgaon, Haryana. The audited financial statements of the subsidiary companies are available for inspection at the Company’s Registered Office. The Board of Directors hereby submits the report of the businesses and operations of your Company (‘the Company’ or ‘Shalimar’) along with the audited financial statements (Standalone and Consolidated), for the financial year ended March 31, 2018. Shalimar Paints has been the #Rangdeshka i.e colour of nation since 1902. Directors were evaluated on various aspects, including inter alia active participation, specialization on subject and expressing views, dissemination of information and explanation or response on various queries in the meeting. Shalimar One . - Special resolution for approval of Rights Issue for an amount not exceeding Rs, 3,00,00,00,000/- (Rupees Three Hundred Crores only), - Special resolution for increase in the limit of total shareholding of all registered Foreign Portfolio Investors (FPIs)/ Registered Foreign Institutional Investors (FIIs) put together from 24% to 49% of the paid up equity share capital of the Company. During the year under review, the Company has not entered into any contracts/arrangements/transactions with the Policy of the Company on materiality of related party transactions. .ar{fill:#eb6135;stroke:#b24226;}.br,.dr{fill:none;}.br{stroke:#fff;}.cr{stroke:none;}. Innovative Ideas. 41 talking about this. Effective April 1, 2017, the Company has adopted all the Ind AS standards and the adoption was carried out in accordance with applicable transition guidance. Facebook is showing information to help you better understand the purpose of a Page. Features: - Optimal viscosity - Long lasting bonding - Unmatched durability . Forget about the hassle of keeping purchase records and sales achieved. Shalimar Paints Ltd - Business Profile with Financial and SWOT Analysis provides access to trustworthy data on the company and its performance, presenting an all-around view. Backed by over a century-old legacy, Shalimar stands for the Art & Science of Paints. com/upload/investor reports/Risk-Management-Policy.pdf Internal financial control and its adequacy. 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. Get Ideas. Shalimar has been an early adopter of CSR initiatives. The purpose of Risk Management is to assist the Board in fulfilling its responsibilities with regard to the identification, evaluation and mitigation of operational, strategic and environmental risks. © 2021 PitchBook Data. The draft offer document has been filed with BSE, NSE and SEBI for their observations. Backed by over a century-old legacy, Shalimar stands for the Art & Science of Paints. The Company has developed and implemented comprehensive risk assessment and mitigation procedures as laid down in the Company’s Risk Management Policy duly approved by the Board. Form AOC - 2 pursuant to Section 134 (3) (h) of the Companies Act, 2013 read with Rule 8(2) of the Companies (Accounts) Rules, 2014 is set out in the ‘Annexure-F’ to this report. Login to Web Mail . We follow a gender-neutral approach in handling complaints of sexual harassment and we are complaint with the law of the land wherever we operate. 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. The detailed risk review is provided in the Management Discussion & Analysis section forming integral part of Annual Report. Any member desirous of obtaining a copy of said financial statements may write to the Company Secretary at Company’s Registered Office. Mr. Surender Kumar, Executive Director is liable to retire by rotation at ensuing Annual General Meeting pursuant to the provisions of Section 152 of the Companies Act, 2013 read with Companies (Appointment and Qualification of Directors) Rules, 2014 and the Articles of Association of the Company and being eligible has offered himself for re-appointment. Shalimar Paints. developments in business operations/ performance of the Company''s various businesses viz., decorative business, industrial and home improvement business, internal controls and their adequacy, risk management systems and other material developments during the financial year 2017-18. Drawing from our … - The Company have received interim payment of Rs, 1,099.73 Lakhs in respect of Nasik plant in March, 2018. We thank the Government of India and government agencies for their support and look forward to their continued support in the future. During the financial year under review, all the recommendations made by the Audit Committee were accepted by the Board and no recommendation is left which has not been accepted by the Board. Shalimar Paints auditor’s report. The name of our Company was changed to Shalimar Paint, Colour and Varnish - D he Auditors’ Report for financial year 2017-18 does not contain any qualifications, reservations or adverse remarks. The information on conservation of energy, technology absorption and foreign exchange earnings and outgo as stipulated under Section 134 of the Companies Act, 2013 read with the Companies (Accounts) Rules, 2014, is set out in the ‘Annexure-H’ to this report. As per Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (hereinafter referred to as “Listing Regulations”) and applicable provisions of the Companies Act, 2013 read with the rules issued thereunder, the Standalone as well as Consolidated Financial Statements of the Company with applicable Accounting Standards are approved by the Board of Directors of the Company. Shares of Shalimar Paints rose 1.07% to Rs 108.85 on BSE. Login to Web Reports . For members who have not registered their email addresses, physical copies are sent in the permitted mode. During the year under review, Mr. Alok Perti was appointed as non-executive independent director of the Company with effect from May 24, 2017 and his appointment was confirmed by the shareholders in 115th Annual General Meeting of the Company held on September 28, 2017. The Company offers an extensive range of decorative paint and industrial paint. We are engaged in the business of manufacturing of paints. Our Company’s range of water based paints come with no added lead or mercury and with near zero VOC (Volatile Organic Component). Shalimar Paints Ltd (SHALPAINTS) - Financial and Strategic SWOT Analysis Review - provides you an in-depth strategic SWOT analysis of the company’s businesses and operations. The company is engaged in manufacturing and marketing of decorative paints and industrial coatings. The current policy is to have appropriate mix of executive, non - executive and independent directors This policy formulates the criteria for determining qualifications, competencies, positive attributes and independence for the appointment of Director (Executive/ Non - Executive) and also the criteria for determining the remuneration of the Directors, Key Managerial Personnel and other employees. Our exclusive world of colors from our … shalimar Paints rose 1.07 % to Rs 108.85 on.... 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