Shalimar Paints Michael Glover as an appointed

What happened

Shalimar Paints (SHALPAINTS) told the exchanges on 11 November 2026 at 06:52 PM that Michael Glover as an has been appointed.

Company snapshot

Shalimar Paints is a micro-cap company, with a market value of about ₹710 crore.

The stock last traded at ₹84.86, against a 52-week range of ₹35.21–₹95.95 (11.6% below the high).

Before this filing the shares had moved +6.5% over the month and −4.0% over three months. Average daily turnover over the last 20 sessions was about ₹0.8 crore.

Promoters held 74.96% at the end of Q2 FY27; 70.51% of promoter shares were pledged. Foreign institutions owned 0.01% and domestic institutions 0.03%.

What history shows

BCEIE's records show 10 previous management change filings from the company since May 2026.

After those filings, the stock gained 4.4% on average the next trading day and was down 2.5% on average after five days (4 filings with price data).

Market-wide, 4,491 management change filings with an impact score of 50 or more saw an average next-day move of −0.0%, with 45% rising.

Past reactions describe what happened before; they are not a forecast.

What to watch

• The appointment of a successor and any change in strategy or guidance.

In the news

Recent coverage elsewhere (links open the original publisher):

• Shalimar Paints Captures India’s Cultural Soul in ‘Colors of India’ — IMPACT Magazine, 29 Oct 2026
• Shalimar Paints launches diwali campaign celebrating festive togetherness — Adgully, 4 Nov 2026
• Shalimar Paints unveils ‘Colors of India’ Book Celebrating the Country’s Cultural Heritage — Realty Plus Magazine, 30 Oct 2026
• Shalimar Paints Limited (SHALPAINTS.BO) Seasonal returns chart — Yahoo Finance UK, 10 Nov 2026
• Shalimar Paints SHALPAINTS Director Resignation Nov 2026 — Kalkine India, 3 Nov 2026

Source

• Exchange filing (PDF)