Medium Risk

Shalimar Paints Limited

Shalimar Paints is involved in the development, manufacturing, marketing, and distribution of a comprehensive range of p

CIN: L24222HR1902PLC065611 FY: - Revenue: ₹599.1 Cr
5.3
ESG Risk
Score /10
Compliance RiskEpr ExposureGhg Intensity

Risk Breakdown

GHG Intensity
5.0
Water Intensity
5.0
Waste Intensity
1.0
EPR Exposure
6.5
Compliance Risk
10.0
HR Risk
3.0
Governance Risk
5.0

Financial Exposure

Est. Compliance Cost₹1–4 crore
EPR ApplicableUnknown
Scope 1 Emissions— tCO2e
Scope 2 Emissions— tCO2e
Water Withdrawal— m³
Waste Generated27.2 T

Governance

Anti-Corruption PolicyYes
Conflict of Interest PolicyUnknown
BRSR AssuranceNone
Assurance Provider

Double Materiality

Financial Materiality5.3
Impact Materiality4.6
QuadrantFinancially Material

Supply Chain

MSME Sourcing0.3%
Lifecycle AssessmentNo
Product ReclaimYes

Material Risks

e-waste

ESG Targets & Commitments

TopicTarget / MetricStatus
Human Rights in Supply Chain HR clauses in all contracts Commitment

AI Risk Summary

**Shalimar Paints Limited – Financial Risk Summary** Shalimar Paints faces critical compliance exposure, with a maximum 10.0/10 risk score driven by incomplete or missing ESG data reporting under SEBI BRSR mandates; non-disclosure risks enforcement action and potential delisting for listed entities. Extended Producer Responsibility (EPR) obligations for paint packaging represent the largest unquantified financial exposure (6.5/10 risk), with estimated compliance costs between ₹1–4 crore annually, though actual liability depends on clarification of EPR applicability and waste collection/recycling infrastructure investment. Water and GHG intensity risks (5.0/10 each) are moderate, though the absence of reported Scope 1 and Scope 2 emissions data suggests measurement gaps rather than zero impact, creating hidden exposure to future carbon pricing (₹600–900/tonne under India CCTS) once baselines are established. Immediate priorities: complete BRSR environmental disclosure audit, confirm EPR registration and recycling cost model, and establish verified emissions inventory to mitigate regulatory enforcement and market confidence risk.

Source: Shalimar Paints Limited BRSR Filing, FY -. Derived from the company's own public disclosures. Not investment advice or a regulatory determination.

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