The Board of Directors of Shalimar Paints Limited, in their meeting held on May 28, 2026, approved the audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026. The standalone revenue from operations for the quarter ended March 31, 2026, was ₹153.06 crore, compared to ₹130.40 crore in the previous quarter (ended December 31, 2025) and ₹177.83 crore in the corresponding quarter of the previous year (ended March 31, 2025). The standalone net loss for the quarter ended March 31, 2026, was ₹6.18 crore, an improvement from a loss of ₹22.02 crore in the previous quarter and a loss of ₹9.51 crore in the corresponding quarter of the previous year.

Shalimar Paints Limited is a company engaged in the manufacturing and sale of paints. For the fiscal year 2025-26, the company reported positive EBITDA for the first time since the acquisition of a majority stake by Hella Infra Market Limited, highlighting an improvement in operational performance. The company has implemented cost rationalization measures, including reductions in employee costs and manufacturing expenses, and is focusing on the premiumization of its portfolio with high-margin emulsion products. As of March 31, 2026, the company reported accumulated losses of ₹543.73 crore; however, the financials have been prepared on a going concern basis, supported by management’s plans for asset monetization, credit facilities under the ECLGS 5.0 scheme, and financial support from the Holding Company.