In a governance update to the markets, Shalimar Paints Limited disclosed that Venugopal Chetlur has tendered his resignation from the post of Whole-time Director, with effect from the close of business on March 4, 2026, due to personal reasons. He will continue to serve the company in the role of Chief Operating Officer (COO) and will oversee the operational management of the business.
The move represents an internal realignment that maintains a steady hand on day-to-day execution. By stepping away from the board seat while remaining in an executive leadership role as COO, Shalimar Paints signals a continued emphasis on operational continuity and execution as it pursues its strategic priorities. The arrangement keeps Chetlur’s operational experience at the helm of the company’s day-to-day functions even as his governance responsibilities on the board are adjusted.
No further details on a replacement for the board position were disclosed in the filing. Investors and observers will be watching to see how the board’s composition evolves and how governance and oversight adapt in tandem with this shifted executive leadership structure.