Shalimar Paints Limited announced that the Board of Directors, on the recommendation of the Nomination and Remuneration Committee and approval of the Audit Committee has, at its meeting held on December 06, 2023, considered and approved the appointment of Mr. Sachin Naik as the Chief Financial Officer and Key Managerial Personnel of the Company with effect from December 06, 2023. Mr. Sachin Naik, aged around 50 years, has done his graduation in commerce and is also a qualified CMA. He has also done finance & leadership courses from the Indian School of Business.

He is a finance professional with 27 years of progressive experience in Business Strategy, Growth, Financial Controls, Management Reporting, Financial Accounting and Operations management with Multinational organizations. He has diverse exposure to business functionality from Finance to Strategy, IT & People skills and has demonstrated ability to streamline business operations, cost control, increase efficiency and drive growth. In his earlier assignments, he has worked with the Supreme Group and UPL Limited.