Appointment of Mr. Chi Hung Kam - Chief Operating Officer, Healthcare as a Key Managerial Personnel of the Company
SHAILY · price
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Shaily Engineering Plastics reported strong FY2026 results with standalone revenue of ₹92,120 lakhs (up 21.5% YoY) and net profit of ₹16,132 lakhs (up 127% YoY). The Board recommended a 150% dividend (₹3 per share). Key appointment: Mr. Chi Hung Kam (Joe Kam), with 20+ years experience at SHL Medical and Flextronics, appointed as Chief Operating Officer - Healthcare and KMP effective May 20, 2026. The company also passed an enabling resolution to raise up to ₹500 crores for expansion into drug delivery devices, consumer electronics, and semiconductor trays (via a new Korean supply agreement). New internal and cost auditors were appointed for FY2026-27.
Strong financial performance and the appointment of an experienced international operations leader signal the company's capability to execute its diversification strategy. The ₹500 crore fund raise approval provides capital flexibility for the planned expansion into high-growth adjacencies.