Submission of Voting Results and Scrutiniser Report for the 45th AGM held on Saturday, September 27 , 2025.
SHAILY · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Shaily Engineering Plastics held its 45th AGM on September 27, 2025 via video conferencing, where all 10 resolutions were passed. Key items approved include the adoption of FY25 financial statements, declaration of a Rs. 2 per share dividend (100% of face value), and appointment of M/s Samdani Shah & Kabra as Secretarial Auditors for five years. Shareholders also approved changes in remuneration for three promoter-family directors — Executive Chairman Mahendra Sanghvi, Whole-time Director Tilottama Sanghvi, and Executive Director Laxman Sanghvi — effective April 1, 2025, and re-appointed Tilottama Sanghvi as Whole-time Director for three years from February 1, 2026. About 74% of total shares were polled. Mr. Amit Sanghvi was appointed as Managing Director of the Dubai subsidiary (Shaily Innovations FZCO) with 94.86% support, though this was the only resolution with notable dissent — public institutions voted 15.15% against and 13.03 lakh promoter votes were recorded as invalid.
All routine and special resolutions cleared without rejection, signalling shareholder confidence. The Rs. 2 dividend is a positive cash return for investors, while the approved pay hikes for promoter directors and the Dubai subsidiary appointment suggest continued family-led management with no governance surprises.