Shalimar Paints Ltd
NSE: SHALPAINTS BSE: 509874
₹81.47
-1.78 (2.14%)
Sat, 24 Oct 2026, 11:54 pm
Market Cap (in Cr)692.71
PE Ratio0
Dividend0
Process Industries
Industrial Specialties
24.5KShalimar Paints Ltd Company History
1902
- The company was incorporated in India on 16th December, under the name Shalimar Paint Colour & Varnish Co. Ltd.
1956
- The world `Private' became a part of the Company's name from 1st April, by virtue of the operation of Section 24 of the Companies Act, 1956.
1961
- The Company became a public limited company on 27th May.
1963
- The name was changed to Shalimar Paints, Ltd., on 1st September.
1971
- 1,05,000 shares were issued as bonus in the prop. 21:11.
1972
- 7,20,000 shares issued as bonus in the prop. 9:4.
- 41,170 shares reserved for subscription in cash by wholetime directors and Indian employees.
- 3,70,530 shares offered at par for public subscription through a prospectus in June.
1976
- Projects & Equipment Corporation of India, Ltd., New Delhi entered into a contract with Zanzibar Government to set up a project on turn-key basis for the manufacture of paints, enamels and varnish.
- Projects & Equipment Corporation of India, Ltd. entered into a contract with the Company for executing the Zanzibar project.
1977
- The Company was a subsidiary of The International Paint Co. Ltd., U.K., ultimate holding company being coutaulds, Ltd., U.K.
- The immediate and ultimate holding company together held 7,80,000 No. of equity shares of the Company.
- The holding was reduced to 5,95,640 shares by February 1978 by selling a portion of the holdings to Indian financial institutions.
- The company was able to obtain considerable assistance for the manufacture of sophisticated paints and allied products entirely free of cost.
1982
- 4,35,480 bonus shares issued in the prop. 3:10.
1986
- A colour computer was added during the year to strengthen the Company's research and development efforts.
1990
- The Company acquired land at Igatpuri near Nasik in Maharashtra for the setting up of a secured plant unit with a capacity of 16,000 TPA of paints.
1992
- The Company entered into a technical collaboration agreement with Salchi s.p.a. Italy for transfer of technologies or solvent brone industrial paints.
1993
- The Company expected to achieve better performance with the commencement of production at the Nasik Unit and with greater efforts in marketing of products.
- The Company made inroads into the Middle-East markets and expected to receive export orders in the near future.
- The Company offered 18,87,080-15% partly convertible debentures (PCD) on rights basis in the proportion 1 debs.: 1 equity share held.
- Another 94,350-15% PCDs were issued to the employees on an equitable basis.
- Part-A of Rs. 60 of the face value of each debenture was to be converted into 1 equity share of Rs. 10 at a premium of Rs. 50 per share on allotment of debentures.
- 18,98,540 shares were allotted.
2002
- Mr A V Lodha has been appointed a Director of the company.
2003
- Mr. S Sarda, Vice President Finance & Company Secretary has resigned from the services of the company with effect from May 31, 2003.
- Mr S Sarda has appointed as President Corporate Affairs & Company Secretary of the company.
2005
- SPL inks pact with Korean co for pre-coated metal coatings
2008
- Shalimar Paints Ltd has appointed Mr. Pujit Aggarwal as an Additional Director of the Company with effect from July 25, 2008.
2009
- Shalimar Paints Board recommends Dividend @ Rs 3 per equity shares of Rs 10/- each.
- Shalimar Paints Ltd Appointed Mr. Asoke Kumar Banerjee as Company Secretary of the Company.
- Registered Office of the Company has been shifted from 13, Camac Street, Kolkata - 700 017 to Goaberia, P.O. Danesh Shaikh Lane, Howrah - 711 109
2010
- Shalimar Paints Ltd Appointed Mr. Pranab Kumar Maity as Company Secretary of the Company.
- Shalimar Paints Ltd Recommended dividend @ Rs. 7.50 per equity share of Rs. 10/- each.
2011
- Shalimar Paints Ltd recommended dividend @ Rs.8 per equity share of Rs.10/- each.
2012
- Shalimar Paints Ltd Appointed Mr. Debendra Banthiya as a Company Secretary of the Company.
- Shalimar Paints Ltd recommended payment of Dividend of Rs. 10 per Equity Shares of Rs. 10/- each for the financial year ended March 31, 2012.
- Company has splits its Face value of Shares from Rs 10 to Rs 2.
2013
- Sameer Nagpal has been appointed as the Chief Executive Officer (CEO) of the Company.
2014
- Shalimar Paints Ltd won Brand Excellence Award by world Marketing Congress.
2016
- Shalimar Paints Ltd. registered office has been changed to 4th floor, plot no. 64, sector - 44, Gurgaon, Haryana - 122 001.
2019
- Shalimar Paints has launched its latest Campaign.
- Shalimar Paints launches 360 marketing campaign.
2024
- Shalimar Paints collaborates with popular Bollywood films to showcase its products.
- Shalimar Paints & blockbuster films partner for festive home upgrades.
- Shalimar Paints expands Home Protect Waterproofing range with the launch of Zero Damp Advance and Zero Damp Smart.
- Shalimar Paints Launches Advanced Waterproofing with a new campaign.
- Shalimar Paints Launches Waterproofing Solutions for Indian Homes.
- Shalimar Paints innovates with Zero Damp Advance and Zero Damp Smart.
