Shalimar Paints Announces Board Changes: Atul Desai Re-appointed as Independent Director, Abhijeet Jhawar Joins

Shalimar Paints Announces Board Changes: Atul Desai Re-appointed as Independent Director, Abhijeet Jhawar Joins​

Shalimar Paints Limited has announced key appointments and re-appointments to its Board of Directors. The company approved the re-appointment of Mr. Atul Rasiklal Desai as an Independent Director for a second term, alongside the appointment of Mr. Abhijeet Jhawar as an Additional Director, effective May 12, 2026.

Mr. Atul Rasiklal Desai (DIN: 01918187) was re-appointed as an Independent Director for a period of three years. His second term of office will run from June 28, 2026, to June 27, 2029.

Mr. Abhijeet Jhawar (DIN: 11536278) has been appointed as an Additional Director, serving as a Non-Executive Non-Independent Director. This appointment is effective from May 12, 2026, and the director is liable to retire by rotation.

Director Profiles and Experience​

The company detailed the extensive experience of both incoming and continuing board members.

Mr. Atul Rasiklal Desai brings over 35 years of experience in the Building Materials Industry. His profile highlights his strategic vision, which has driven growth across various organizations. He has previously served as Executive Director and CEO with Prism Johnson Ltd. - RMC division and as a Director at Ardex Endura (a joint venture between Ardex Germany and Prism Johnson Ltd.). Furthermore, he has significant expertise in Marketing, Brand building, Distribution, and Logistics across all Indian geographies. His career includes serving as Whole Time Director for Reliance Cement, and working in roles such as COO at Star Cement and Ambuja Cements Ltd. He was recognized by Brand Vision as a change maker in the RMC industry in 2020 and 2022.

Mr. Abhijeet Jhawar possesses over 25 years of experience, spanning sectors including Healthcare, FMCG, Retail, Technology, and Infrastructure. He has a substantial background working closely with boards, founders, and investors on matters of strategy, governance, and performance. His experience includes meaningful participation in Mergers and Acquisitions, including transactions involving Littles, Equal, RDC Concrete, Emcer Tiles, and Amstrad. In his professional career, he has held leadership positions with full Profit and Loss accountability. Currently, Mr. Jhawar serves as the Chief Marketing Officer at Infra.Market. Previously, he was a Partner at Lybrate, where he scaled the platform to over 15 million users. His directorship history includes roles at Dr. Reddy's Laboratories, where he built an OTC business exceeding 800 crores, and at Piramal Healthcare, where he scaled the Consumer Health Business.

For a detailed comparison of the directors' appointments, terms, and profiles, the following table summarizes the core details:


Both directors confirmed that they are not related to other Directors of Shalimar Paints Limited. They also confirmed that neither individual is currently debarred from holding the office of a director by virtue of any SEBI order or any other authority.

SHALPAINTS Stock Price Movement​

Shalimar Paints Limited shares today slipped by 3.41% to settle at ₹54.02 in post-market trading. The stock saw a notable trading volume of 19,929 shares, reaching a low of ₹53.25 during the session.