Shalimar Paints reports full-year loss despite revenue growth

Shalimar Paints Limited reported a net loss after tax of INR 80.11 crore on a standalone basis and INR 80.16 crore on a consolidated basis for FY 2024-25. Despite the loss, the company recorded a 12% year-on-year revenue growth from operations, reaching INR 599.06 crore. The decorative paints division contributed approximately 63% of total sales, supported by new product launches and an expanded distribution network. The industrial coatings segment also posted healthy gains. The company continued investments in capacity augmentation, process automation, and R&D with a state-of-the-art center in Nashik.

The company will hold its 123rd Annual General Meeting (AGM) on Friday, September 26, 2025, at 12:30 p.m. IST via video conference. Remote e-voting facilities will be available from Tuesday, September 23, 2025, at 09:00 a.m. to Thursday, September 25, 2025, at 05:00 p.m. The cut-off date for e-voting entitlement is Friday, September 19, 2025. Key agenda items include the adoption of financial statements, the re-appointment of Souvik Pulakesh Sengupta, and the appointment of M/s. MAKS & CO. as secretarial auditors for five consecutive years.

The company has complied with corporate governance requirements and maintained a robust risk management framework. The report also highlights initiatives in employee well-being, such as health check-ups and safety training, and efforts towards sustainable practices, including waste and water management. There were no instances of product recalls or significant human rights-related complaints during the reporting period.