Shalimar Wires Industries Share Price Today

Shalimar Wires shareholders approve Kaushik director appointment

Shalimar Wires Industries shareholders approved the appointment of Sanjay Kumar Kaushik as a Non-Executive Director. The special resolution passed with 99.9997% assent, supported by 108 members holding 27,672,878 votes. Only 15 members dissented, representing 72 votes or 0.0003% of the total votes cast. The EGM was held on August 25, 2026, with 78 members present and nine registered speakers.

Shalimar Wires net profit jumps 117% in Q1FY27 on inventory credit

Shalimar Wires Industries posted a 117% YoY increase in net profit to ₹219.75 lacs for Q1FY27, supported by ₹3,739.46 lacs in revenue. The profit surge was aided by a substantial inventory credit of ₹375.64 lacs, offsetting higher material and finance costs. Promoter pledge remains at 45.03%.

Shalimar Wires Industries confirms EGM notice dispatch for Kaushik appointment

Shalimar Wires Industries has confirmed the dispatch of notices for its Extraordinary General Meeting scheduled for August 25, 2026, to appoint Sanjay Kumar Kaushik as a Non-Executive Director. The appointment was approved by the Board on July 4, 2026, and shareholders will vote on capping his remuneration at ₹12,00,000 annually. Remote e-voting opens on August 21, 2026, with a cut-off date of August 18, 2026.

Shalimar Wires Industries corrects director appointment category

Shalimar Wires Industries Ltd corrected the classification of Sanjay Kumar Kaushik's appointment to Additional Director, confirming it is under the Non-Executive Category rather than the Independent Category as previously stated. The Board approved the appointment on July 4, 2026.

Shalimar Wires Industries Ltd appoints Sanjay Kumar Kaushik as Additional Director

Shalimar Wires Industries Ltd has appointed Sanjay Kumar Kaushik as an Additional Director in the independent category, pending shareholder approval. The Board approved the appointment on July 4, 2026, and scheduled an EGM on August 25, 2026, to secure consent. Mr. Kaushik brings over 27 years of experience in the manufacturing sector.

Shalimar Wires Industries to appoint Independent Director on July 4

Shalimar Wires Industries Limited has scheduled a board meeting on July 4, 2026, via audio-visual means, to consider appointing an Independent Director. The move aims to enhance corporate governance. The decision is subject to board approval.