SHALPAINTS

- Filed a revised outcome of the Board Meeting held on August 12, 2026, correcting typographical/calculation errors in the original filing. The aggregate consideration for the preferential issue of CCPS was corrected from ₹68,95,22,17,869/- to ₹68,95,22,26,440/-. Minor revisions were also made to allottee details in Annexure II and III; the total shares/CCPS to be issued remains unchanged.

- EGM on September 11, 2026, to approve preferential issue of equity shares for ₹105.86 Cr (cash) and ₹3,544.69 Cr (non-cash) to acquire 13.78% stake in Hella Infra Market Limited.

- Filing of the Business Responsibility and Sustainability Report (BRSR) for FY 2025-26, submitted on August 18, 2026. - The report outlines the company's policies and performance on environmental, social, and governance (ESG) matters. - It details approaches to manage issues like waste, water, health & safety, and GHG emissions. - No fines or penalties for corruption or conflicts of interest were reported.

- Shalimar Paints' Board authorized Mr. Kuldip Raina (MD & CEO), Mr. Kundan Sangwar (CFO), and Ms. Snehal Saboo (Company Secretary & Compliance Officer) to determine the materiality of events for stock exchange disclosures, effective August 12, 2026, following the appointment of Mr. Kundan Sangwar as CFO.

- Q1 FY27 Standalone Revenue ₹136.19 Cr vs ₹153.46 Cr (▼11.25% YoY) - Standalone EBITDA loss widened to ₹11.89 Cr in Q1 FY27 compared to ₹7.54 Cr loss in Q1 FY26. - Standalone PAT loss widened to ₹20.78 Cr in Q1 FY27 compared to ₹16.66 Cr loss in Q1 FY26. - Standalone EBITDA Margin contracted to -8.73% from -4.91% YoY (▼382 bps). - The company’s ability to continue as a going concern is dependent on asset monetization, sales realization, and financial support from the Holding Company. - Mr. Kundan Sangwar appointed as Chief Financial Officer. - Board approved capital increase and fund-raising plans, including preferential issue of equity and CCPS, and a QIP up to ₹1,000 Cr. - Strategic investment in Hella Infra Market Limited and potential unification of entities discussed.

- Q1 FY27 Standalone Operating Revenue ₹136.19 Cr vs ₹153.46 Cr (▼11.38% YoY) - Standalone EBITDA Loss ₹10.83 Cr vs ₹5.98 Cr (▲81.1% YoY) - Standalone PAT Loss ₹20.78 Cr vs ₹16.66 Cr (▲24.73% YoY) - Standalone EBITDA Margin -7.95% vs -3.90% (▼405bps) - The company faces a 'going concern' issue due to accumulated losses of ₹562.94 Cr and current liabilities exceeding current assets by ₹64.55 Cr as of June 30, 2026. - The Board approved significant capital raising plans totaling over ₹11,500 Cr through preferential issues (equity and CCPS, both cash and non-cash consideration) and a Qualified Institutions Placement (QIP). - Mr. Kundan Sangwar was appointed as Chief Financial Officer. - Authorized Share Capital was increased to ₹600 Cr, and ₹400 Cr in Non-Cumulative Non-Participating Compulsory Convertible Preference Shares (CCPS) were added to the authorized capital. - The company plans to invest in Hella Infra Market Limited and is exploring potential unification for synergies.

- Q1 FY27 Standalone Revenue ₹136.19Cr vs ₹153.46Cr (▼11.25% YoY) - EBITDA ₹29.67Cr vs ₹25.78Cr (▲15.09% YoY) - PAT (Loss) ₹(20.78)Cr vs ₹(16.66)Cr (Loss deepened by 24.73% YoY) - EBITDA Margin 21.78% vs 16.79% (▲499bps) - Mr. Kundan Sangwar appointed as Chief Financial Officer. - Board approved raising funds up to ₹1,000 Cr via QIP and over ₹10,545 Cr via preferential issues of equity shares and CCPS. - Company to explore strategic unification with Hella Infra Market Limited. - Company's financial results for the quarter ended June 30, 2026, were prepared on a going concern basis, citing accumulated losses of ₹562.94 Cr and current liabilities exceeding current assets.

- Board approved Unaudited Financial Results for the Quarter ended June 30, 2026 (Q1 FY27). - Standalone net loss for Q1 FY27 was ₹20.78 Cr, with accumulated losses of ₹562.94 Cr and current liabilities exceeding current assets by ₹64.55 Cr, leading to a 'going concern basis' preparation of financial results. - Appointed Mr. Kundan Sangwar as Chief Financial Officer. - Approved increasing Authorised Share Capital from ₹20 Cr to ₹600 Cr. - Approved various fund-raising proposals, including preferential issue of Equity Shares (up to ₹105.86 Cr and another ₹3,544.69 Cr for consideration other than cash), preferential issue of Compulsory Convertible Preference Shares (CCPS) up to ₹689.52 Cr, and a Qualified Institutions Placement (QIP) up to ₹1,000 Cr. - Approved investment in and evaluation of potential strategic unification with Hella Infra Market Limited. - Approved notices for Annual General Meeting and Extraordinary General Meeting.

- Board approved Q1 FY27 results and appointed Mr. Kundan Sangwar as CFO. - Approved significant fundraising (preferential issues, QIP) and strategic investment/potential unification with Hella Infra Market Limited. - Standalone Q1 FY27 net loss led to 'going concern' disclosure.

- Q1 FY27 Consolidated Revenue ₹137.72Cr vs ₹154.56Cr (▼11% YoY) - EBITDA Loss ₹12.17Cr vs ₹7.63Cr (Loss widened by 59.5% YoY) - PAT Loss ₹21.26Cr vs ₹16.77Cr (Loss widened by 26.8% YoY) - EBITDA Margin -8.84% vs -4.94% (▼390bps) - The group's financial results were prepared on a going concern basis due to accumulated losses (₹549.44 Cr) and current liabilities exceeding current assets (₹69.45 Cr) as of June 30, 2026. - The Board approved significant fundraising up to ₹1,000 Cr through Qualified Institutions Placement (QIP), preferential issue of equity shares (aggregating approx. ₹3650 Cr), and Non-Cumulative Non-Participating Compulsory Convertible Preference Shares (CCPS) (aggregating approx. ₹6895 Cr). - Mr. Kundan Sangwar was appointed as Chief Financial Officer. - The company plans to increase its Authorized Share Capital from ₹20 Cr to ₹1,000 Cr. - Strategic investment in and potential unification with Hella Infra Market Limited was approved.

- Shalimar Paints is evaluating strategic options including restructuring, M&A, and fund-raising to improve its financial position and enhance shareholder value. - A Board meeting will be called shortly to evaluate these proposals. - The company is unaware of the reasons for the recent spike in its share price.

- Shalimar Adhunik Nirman Limited, a subsidiary of Shalimar Paints Limited, entered into an Agreement to Sell its property located in Gurugram. - The total consideration for the sale is ₹50 Crores. - The agreement date is August 05, 2026, with an expected completion date of November 20, 2026. - The buyer is Sparton Growth Comtrade Private Limited.

- Shalimar Paints Limited responded to NSE's query dated August 03, 2026, regarding an increase in volume. - The company confirmed it has made all necessary disclosures and has no pending material information bearing on the price/volume behavior of its scrip.

- Shalimar Paints Limited received no-objection from BSE and NSE on August 03, 2026. - This approval is for the reclassification of certain individuals from the 'Promoter/Promoter Group' category to the 'Public' category under SEBI Regulation 31A.