In an interview to CNBC-TV18, Surender Bhatia, MD of Shalimar Paints said that the promoters neither have any plans to divest or sell stake in the company nor are in talks for any acquisitions or take-overs.
Sameer Nagpal, MD & CEO, Shalimar Paints said in the third quarter most paint companies had seen an impact on profitability due to higher commodity or raw material prices. That impact is being passed on to consumers through the price increase