Announced Mon, 11 Aug · 15:27 IST

Shaily Engineering Plastics Limited has informed the Exchange regarding Appointment of Mrs Tilottama Mahendra Sanghvi (DIN:00190481) as Other of the company w.e.f. August 11, 2025.

Promoter Family Board EntryManagement Changes View source PDF

SHAILY · price

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AI summary

Shaily Engineering Plastics' board, on August 11, 2025, approved its Q1 FY26 (quarter ended June 30, 2025) unaudited financial results. On a consolidated basis, revenue from operations rose to ₹24,668 lakhs from ₹17,939 lakhs in the year-ago quarter, while net profit jumped sharply to ₹4,112 lakhs from ₹1,741 lakhs, with basic EPS at ₹8.95 versus ₹3.80. The board also approved the re-appointment of Mrs. Tilottama Sanghvi, an existing promoter and Whole-time Director, for a fresh 3-year term from February 1, 2026 to January 31, 2029, subject to shareholder approval. The company has fixed September 19, 2025 as the record date for determining shareholders eligible for the FY25 final dividend. The board additionally approved a revised Code of Conduct for Prevention of Insider Trading.

Likely market impact

Strong year-on-year growth in both revenue and profit signals healthy operational momentum. The re-appointment of the Executive Chairman's spouse and Managing Director's mother reinforces continued promoter family control at the top of the company. The record date announcement confirms an upcoming dividend for shareholders.