Shalimar Paints Approves Hella Infra Market Share Swap And ₹1,000 Crore QIP

Platform Pivot Amid Losses Net loss at Rs 21.3 Cr in Q1 FY27 (consolidated), loss widened 26.8% YoY. Revenue at Rs 137.7 Cr in Q1 FY27 (consolidated), -10.9% YoY. EBITDA loss of Rs 11.3 Cr, loss widened 85.8% YoY. EBITDA margin at -8.2% vs -3.9%; raw-material costs grew 21.2% despite revenue declining 10.9%. Board approved proposed preferential issues, including up to Rs 3,545 Cr equity and Rs 6,895 Cr CCPS for consideration other than cash, investment in Hella Infra Market through a share swap, and a QIP of up to Rs 1,000 Cr, subject to shareholder and regulatory approvals. CFO Kundan Sangwar was appointed and an EGM was approved.