Shalimar Paints Unit Sells Gurugram Property for ₹500 Million

GURUGRAM — Shalimar Adhunik Nirman Limited, a subsidiary of Indian coatings manufacturer Shalimar Paints Limited, has entered into an agreement to sell its real estate asset in Gurugram, Haryana, for a total consideration of ₹500 million (₹50 crore). The company disclosed the transaction in a regulatory filing on Wednesday, August 05, 2026, marking a strategic move to monetize non-core property holdings and strengthen the financial structure of the group.

Details of the Gurugram Real Estate Transaction

According to official disclosures submitted to stock exchanges, Shalimar Adhunik Nirman Limited executed the agreement on August 05, 2026, to sell Plot No. 75, Sector 32, Urban Estate Gurgaon II, located in Gurugram. The property has been purchased by Sparton Growth Comtrade Private Limited, an independent corporate entity.

The total deal value of ₹500 million will be remitted to the subsidiary in structured tranches on or before the execution and final registration of the sale deed. The expected completion date for the entire transaction and property transfer is November 20, 2026.

Official filings confirm that the buyer does not belong to the promoter, promoter group, or associated group companies of Shalimar Paints Limited. The deal is not classified as a related party transaction and is being conducted as an arm's-length commercial transaction.

Financial Profile of the Unit and Statutory Disclosures

The selling entity, Shalimar Adhunik Nirman Limited, contributed nil income to the consolidated revenue of Shalimar Paints Limited during the financial year ending March 31, 2026. However, as per audited financial statements as of March 31, 2026, the subsidiary held a net worth of ₹1,473.52 lakh (₹14.73 crore), representing 6.20% of the total consolidated net worth of Shalimar Paints Limited.

The company highlighted that the property transaction is executed outside any Scheme of Arrangement. Additionally, the transaction does not attract Regulation 37A of the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015, as the property does not constitute an "undertaking" or substantially the whole of an undertaking under Section 180(1)(a) of the Companies Act, 2013.

The execution of a Shalimar Paints unit property sale enables the parent group to unlock capital tied up in stationary land assets, reallocating resources toward core manufacturing and operational expansion.

Corporate Strategy and Market Impact

The decision to sell the commercial plot in Gurugram reflects a broader trend among Indian industrial and consumer coating manufacturers aiming to streamline operations and improve asset efficiency. Over recent quarters, paint companies have faced evolving demand patterns and raw material cost fluctuations, prompting firms to optimize capital allocation.

For investors, the capital inflow of ₹500 million enhances the cash flow profile of the enterprise without diluting equity. The sale allows Shalimar Paints to deploy funds into high-yielding core business areas, including product development, decorative paint distribution, and industrial coatings manufacturing.

Official Sources Section

The information was disclosed pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Schedule III and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The filing was signed and submitted to the stock exchanges by Snehal Saboo, Company Secretary and Compliance Officer at Shalimar Paints Limited, on August 05, 2026.

Official filings were submitted to both BSE Limited (Scrip Code: 509874) and the National Stock Exchange of India Limited (Symbol: SHALPAINTS).

Quote Section

According to officials from the regulatory compliance department of Shalimar Paints Limited:

"Shalimar Adhunik Nirman Limited, Subsidiary of the Company has entered into an Agreement to Sell its property bearing Plot no. 75, Sector 32, Urban Estate Gurgaon II situated at Gurugram for a consideration of Rs. 50 Crores, to be received in tranches on or before the date of registration of Sale Deed."

Why It Matters

Monetizing non-income-generating land assets provides immediate liquidity for industrial enterprises. The execution of a Shalimar Paints unit property sale in a major commercial zone like Gurugram allows the group to strengthen its cash reserves, optimize working capital, and focus operational attention on core decorative and protective paint manufacturing across India.

Key Facts at a Glance

• Transaction Consideration: ₹500 million (₹50 crore) to be paid in tranches.

• Property Location: Plot No. 75, Sector 32, Urban Estate Gurgaon II, Gurugram, Haryana.

• Executing Subsidiary: Shalimar Adhunik Nirman Limited.

• Purchaser: Sparton Growth Comtrade Private Limited (non-related third party).

• Target Completion Date: November 20, 2026.

FAQ Section

Which property is being sold by Shalimar Paints' subsidiary?

Shalimar Adhunik Nirman Limited is selling Plot No. 75, Sector 32, Urban Estate Gurgaon II, located in Gurugram, Haryana.

What is the sale price of the property?

The agreed sale consideration is ₹500 million (₹50 crore), which will be received in tranches prior to or at the time of sale deed registration.

Who is buying the Gurugram property?

The property is being acquired by Sparton Growth Comtrade Private Limited, an independent third-party buyer.

Is this transaction a related party transaction?

No, the filing confirms that the buyer does not belong to the promoter group or related entities, and the transaction is not a related party deal.

When is the property sale expected to be completed?

The transaction is expected to be completed by November 20, 2026.

Source: Official regulatory disclosures filed by Shalimar Paints Limited with BSE Limited and the National Stock Exchange of India Limited on August 05, 2026