The Board of Directors of Shalimar Paints Limited has approved the appointment of Kuldip Raina as the company’s Managing Director and Chief Executive Officer (MD & CEO) for a term of three years, effective from April 10, 2025 to April 9, 2028. The appointment is subject to shareholder approval.

Raina, who joined the company in May 2022, currently serves as Director – Sales, Marketing and Strategic Sourcing. His promotion comes following the recommendation of the Nomination and Remuneration Committee and marks a strategic leadership transition aimed at accelerating growth and operational excellence.

With over three decades of leadership experience across the paints, FMCG, consumer products, and organised retail sectors, Raina is known for his ability to drive transformational growth and revitalise brands. His expertise spans strategic business planning, profit centre operations, and high-impact sales and marketing execution.

At Shalimar Paints, Raina has been instrumental in strengthening the brand’s market presence and forging key partnerships. Prior to this, he served as CEO of Nerofix Private Limited, a Kansai Nerolac Group company, where he helped establish the brand as a major player in adhesives and construction chemicals. His earlier stints include senior roles at Kansai Nerolac Paints, Jubilant Industries, Arvind Brands, and ITC Limited.

The company confirmed that Raina is not related to any existing director and is not debarred from holding a director’s position by SEBI or any other authority.

The board meeting in which the decision was made commenced at 6:29 p.m. and concluded at 7:00 p.m. on April 10. The disclosure has also been made available on the company’s website.

(BSE)