Shalimar Paints Limited — Preferential issue

Shalimar Paints Limited has announced a preferential issue, which means the company will issue new shares to select investors at a predetermined price. This development is significant for investors as it can impact the company's share capital structure and potentially affect existing shareholders' stakes.

Investors should watch for further updates on the issue, including the pricing and allotment of shares, to understand its implications on the company's financials and stock performance.