YEAR EVENTS 1902 - The company was incorporated in India on 16th December, under the name Shalimar Paint Colour & Varnish Co. Ltd., to take over the business, goodwill and assets of the paints, colour and varnish manufactur in business of The Shalimar Works, Ltd., at Shalimar and Goabaria in Bengal. It manufactures and sells paints, colour varnishes, enamels and synthetic resins. 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. - The Company was first large-scale unit to be established in the paint manufacturing industry in India. Since its inception, capacity and range of products were expanded. 1971 - On 30th Dec., 1942, 1,05,000 shares were issued as bonus in the prop. 21:11. 1972 - On 28th April, 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 (a Government of Inida enterprise) 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. inturn 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. As at 31st December, 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. - As a member of the Courtaluds Group, 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 - With a view to strengthening the Company's research and development efforts, a colour computer was added during the year. 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 (salcomix system), solvent borne paints for general industry, industrial paints for coil coating section, industrial paints for wood section, water based industrial paints for general industries, resin products synthetic resins alkyd, polyester, UF/MF other amino resins, phenolic and epoxy acrylic. 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. During the year, the Company made inroads into the Middle-East markets and expected to receive export orders in the near future. - During November-December, the Company offered 18,87,080-15% partly convertible debentures (PCD) on rights basis in the proportion 1 debs.: 1 equity share held (all were taken up). Another 94,350-15% PCDs were issued to the employees on an equitable basis (only 11,460 debs. taken up). - 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. Accordingly 18,98,540 shares were allotted. - Part-B of Rs. 30 of the face value of each debenture was to be redeemed at par in three annual instalments of Rs. 10 each at the end of 7th year from the date of allotment of debentures. 2002-Shalimar Paints Ltd has informed that at the 100th Annual General Meeting of the company held on December 14, 2002 Mr A V Lodha has been appointed a Director of the company. 2003- Shalimar Paints Ltd has reported that 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 has appointed Mr. Pujit Aggarwal as an Additional Director of the Company with effect from July 25, 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.