Shalimar Paints LimitedSHALPAINTSNSE
Outcome of QIP Committee Meeting held on November 13, 2026
As filed · Shalimar Paints Limited has informed the Exchange regarding Outcome of QIP Committee Meeting held on November 13, 2026.
CapitalMajormateriality 80 out of 100
What happened
FactOutcome of QIP Committee Meeting held on November 13, 2026. The QIP Committee of Board of Directors has fixed the ‘Relevant Date. formula as prescribed under Regulation 176(1) of the SEBI ICDR Regulations is ₹ 80.87 per Equity Share.
Why it matters
CapitSignal interpretationA qualified institutional placement issues new shares, so existing holders own a smaller share of the same company unless the proceeds earn more than the dilution costs.
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Fact- Issue price versus the current market price
- Stated use of proceeds
- Resulting dilution as a percentage of equity
Evidence
How CapitSignal classified this
- Reasoning:
- QIP base 72; +5 quantified amount; +3 quantified percentage; matched on subject
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%