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Shalimar Paints secures QIP Committee approval to launch equity share placement
13-Nov-2026, 08:15

Shalimar Paints Limited has received authorization from its QIP Committee to launch a Qualified Institutions Placement (QIP) of equity shares with a floor price of Rs 80.87 per share, according to a regulatory filing on November 13, 2026, with the option to offer a discount of up to 5% on that price. The company will file a preliminary placement document with BSE Limited and National Stock Exchange of India Limited on the same date, and the trading window for company insiders is closed until the issue price is determined.