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Shalimar Paints has appointed Sameer Nagpal as managing director and chief executive officer, effective from May 25, after it received shareholders’ approval.
The shareholders’ approval came in after the company’s 111th annual general meeting held on August 6, the company said in a statement.
“The consolidated nature of the industry offers a huge potential to company like Shalimar which has a 111-year-old history. We are now looking at growing three-four times the market rate as the company has huge latent equity and a strong portfolio of brands whose potential is waiting to be unlocked,” said Sameer Nagpal.
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