Shalimar Paints incorporated in 1902, is one of the leading paints manufacturing companies

in <st1:countryregion w:st="on">India</st1:countryregion>. The company has a colour bank of

9000 shades.
The Company has a wide product range in both Architectural and Industrial sectors. It has network
of 54 branches and depots spread across <st1:countryregion w:st="on">India</st1:country
region>. The Company also has tinting systems under the brand name 'Color Space'. It has network
of 6000 dealers.

Manufacturing facilities
The company has three manufacturing facilities located Howrah, Nasik and Sikandrabad. These
units has ISO 9000 accreditation for its quality management.
Its Howrah plant, is the first large scale paint manufacturing plant located in South East Asia. It has
installed capacity of 14204 MT per year. This plant also has inhouse research and development
laboratory that is recognized by Dept. of Scientific and Industrial Research, Govt. of India.
Company?s Nashik plant has installed capacity of 16000 MT per year.
Its Sikandrabad unit was set up in technical collaboration with Sherwin Williams of <st1:country
region w:st="on">USA</st1:countryregion>.
Products
Decorative The Company manufactures wide range of decorative paints used for interior or
exterior, every surface concrete, plaster, metal or wood. Under this it has created brand like Xtra,
Superlac, Shaktiman, Superlac HiGloss and Hussain Collection.
Industrial Under this the company has association with companies like Pinchin Johnson Co. and
International Paints PLC of the <st1:countryregion w:st="on">U.K.</st1:countryregion> It
manufactures and markets industrial coatings, aviation coatings, marine paints and coatings for
metal decoration and food can lacquers.
Outlook
With the Indian economy continuing its buoyant growth and massive investments forthcoming in
infrastructure and housing, there is considerable potential for growth of the paints industry. The
Company?s endeavour will be to tap the immense market potential and increase its
market share both in the decorative as well as the industrial segment.

share Capital
During the year under review, there was no change in the Company's paidup equity share capital.
During the current financial year up to the date of this report, the Company has issued 14,750 equity
shares of Rs. 2/ each upon exercise of stock options under the Company's ESOP Scheme i.e.
'ESOP 2013'. Consequently, the paidup equity share capital of the Company as on the date of this
report stood at Rs. 3,78,85,700 divided into 1,89,42,850 equity shares of Rs. 2/ each.
Corporate Social Responsibility
Corporate Social Responsibility (CSR) is traditionally driven by a moral obligation and philanthropic
spirit. Through CSR there is a formation of a dynamic relationship between a Company on one hand
and the society and environment on the other. The main responsibilities of the Company towards
society at large are to eradicate hunger, poverty and malnutrition; promote education, promote
preventive health care and sanitation and making available safe drinking water, promoting gender
equality and empowering women.
In accordance with the requirements of Section 135 of the Companies Act, 2013, the Company had
constituted a CSR Committee. The composition and terms of reference of the CSR Committee is
provided in the Report on Corporate Governance, which forms part of this Report.
The CSR Policy of the Company, is available on the Company's website link
at: <http://www.shalimarpaints.com/upload/> investor
reports/Corporate%20Social%20Responsibility%20Policy.pdf.
The Annual Report on CSR activities in accordance with the Companies (Corporate Social
Responsibility Policy) Rules, 2014 is annexed as 'Annexure E' to this Report.