As of March 2024, 75.72% is owned by Indian Promoters and 24.27% by Public.

Institutional holds 0.11% (Insurance Companies 0.03%) and Non-Institutional holds 24.15% as Public shareholders.

Top five Promoters holding highest number of shares of Shalimar Paints company are Hella Infra Market Private Limited (442.43 lakhs shares / 52.85%), Virtuous Tradecorp Private Limited (112.08 lakhs shares / 13.39%), JSL Limited (26.82 lakhs shares / 3.20%), Hexa Securities and Finance Co. Ltd. (15.00 lakhs shares / 1.79%) and Nalwa Sons Investments Limited (13.73 lakhs shares / 1.64%).

Out of 633.91 lakhs shares, Promoters of Shalimar Paints Company has over 180.46 lakhs (28.46%) shares on pledge as of March 31, 2024.