Intimation Regarding Notice of Postal Ballot
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Shilp Gravures Limited has issued a Postal Ballot Notice dated May 23, 2026 seeking shareholder approval through e-voting (June 6 to July 7, 2026) for three special resolutions. The first two resolutions seek to change the designation of existing promoter directors, Mr. Pranav Bhalara (DIN: 03299470) and Mr. Kishor Nanalal Doshi (DIN: 07846262), from Executive Director to Whole-Time Director for a 5-year period ending May 22, 2031, with a maximum remuneration of ₹2 crore per annum each. The third resolution seeks to increase the overall managerial remuneration limit for all Executive Directors to up to ₹2 crore per annum each for three years starting April 1, 2026, even in years of inadequate or no profits. For reference, the company reported FY25-26 revenue of ₹88.38 crore and profit after tax of ₹7.96 crore.
This is a routine governance and remuneration update for existing promoter-directors who are already on the board — no new appointments are being made. The proposal to pay remuneration even during years of inadequate profits may draw attention from shareholders concerned about pay discipline, but is fairly standard for closely-held promoter-driven companies.