Nalwa Sons Investments Limited — Others, 18-03-2025: Action(s) taken or orders passed

Nalwa Sons Investments Limited is a key shareholder and part of the promoter group of Shalimar Paints Limited. The company has received a Settlement Order from SEBI regarding an inadvertent regulatory violation related to share acquisitions, specifically the late disclosure of a transaction involving 1,65,545 equity shares. The settlement amount of ₹3.04 lakh has been paid by Ms. Urvi Jindal, one of the persons acting in concert, with no financial impact on Nalwa Sons. This resolution may enhance investor sentiment by mitigating uncertainty linked to regulatory compliance issues, offering a positive outlook amid stable operations.