Shaily Engineering Plastics Limited has informed the Exchange regarding Appointment of Mr Chi Hung Kam as Other of the company w.e.f. May 20, 2026.
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Shaily Engineering Plastics appointed Mr. Chi Hung Kam (Joe Kam) as Chief Operating Officer – Healthcare and Key Managerial Personnel effective 20 May 2026. He brings over 20 years of international manufacturing experience, including senior roles at SHL Medical and Flextronics. The company also reported strong FY26 financials with standalone profit after tax of Rs. 16,132.04 lakhs, more than doubling from Rs. 7,091.01 lakhs in FY25. The board recommended a dividend of Rs. 3 per share (150%) and approved an enabling resolution to raise up to Rs. 500 crores to fund expansion into healthcare, consumer electronics, and semiconductor components manufacturing. New auditors were appointed for internal and cost audit.
The appointment of an experienced healthcare operations leader strengthens management capability in the healthcare vertical, which aligns with the company's diversification strategy. The strong financial results and planned capital raise signal growth intent, though the large fund raise could dilute shareholder value if executed.