SPShalimar Paints509874Routine director change

Non-Executive Non-Independent Director tenders resignation, effective close of business November 03, 2026

Mr. Abhijeet Jhawar has tendered his resignation as Non-Executive Non-Independent Director of the company, with effect from close of business hours on Tuesday, November 03, 2026.

By ScoutQuest · Tue 3 Nov 2026, 9:13 PM IST · 2 min read

Director Resignation

Mr. Abhijeet Jhawar resigned as Non-Executive Non-Independent Director

Effective Date

close of business hours on Tuesday, November 03, 2026

Stated Reason

personal reasons

What the update says

• Mr. Abhijeet Jhawar has tendered his resignation from the position of Non-Executive Non-Independent Director of the company.
• The resignation takes effect from close of business hours on Tuesday, November 03, 2026.
• The reason stated for the resignation is personal reasons.
• The company has informed both BSE (Scrip Code 509874) and NSE (Symbol SHALPAINTS) about the change.

The resignation letter

• Mr. Jhawar's letter, dated November 03, 2026, is addressed to the Board of Directors and is titled Resignation as a Non-Executive Non-Independent Director.
• In it he states that he tenders his resignation with effect from close of business hours on Tuesday, November 03, 2026, due to personal reasons.
• He thanks the Chairman, the Board Members and the leadership team for the trust, encouragement and collaboration extended to him during his tenure.
• He requests the Board to acknowledge the resignation and arrange to file the necessary forms and intimations with the Registrar of Companies and the stock exchanges.

What the details table records

• Name of Director: Mr. Abhijeet Jhawar.
• Reason for change: Resignation.
• Date of cessation: November 03, 2026.
• The fields for brief profile and for disclosure of relationships between directors are marked Not Applicable, in line with a cessation rather than an appointment.

How to read this

• A Non-Executive Director is a board member who is not part of the company's day-to-day executive management. Such a director attends board meetings and votes on board matters but does not run the business operationally.
• A Non-Independent Director is one the company does not classify as independent under the listing rules. Independent directors carry specific governance duties, such as chairing certain committees and protecting minority shareholder interests; a non-independent director does not carry that independent label.
• So this is a change at the board level. The update states the exit is due to personal reasons and records it as a resignation, not a removal.
• The letter records the director's own request that the necessary forms and intimations be shared with the Registrar of Companies and the stock exchanges.

What a retail investor can take away

• Board composition changes are routine disclosures, and resignations are reported to the exchanges as a matter of course.
• The stated cause here is personal reasons, as recorded in both the company's intimation and the director's own letter.
• Because the role was non-executive and non-independent, the update points to a board seat change rather than a shift in the operating leadership of the company.

Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.

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