Approval of the Board of Directors for Change in Designation of Mr. Pranav Bhalara (DIN:03299470) and Mr. Kishor Doshi (DIN:07846262) from Executive Director to Whole-time Director of the ....
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Shilp Gravures Ltd's Board meeting on May 23, 2026 approved the change in designation of two Executive Directors — Mr. Pranav Bhalara (DIN: 03299470) and Mr. Kishor Doshi (DIN: 07846262) — to Whole-time Director, along with revision in their remuneration, subject to shareholder approval. The Board also approved the audited standalone and consolidated financial results for Q4 and FY2025-26, reporting standalone net profit of Rs. 795.87 lakh (vs Rs. 420.81 lakh prior year) on revenue of Rs. 8,838 lakh, and recommended a final dividend of Rs. 2.10 per share (21%). An exceptional charge of Rs. 252.16 lakh was recorded due to new labour codes. Statutory auditors issued an unmodified opinion.
The elevation of two executive directors to whole-time status indicates strengthened management commitment but does not constitute a governance concern. Strong profit growth and dividend may support positive sentiment.