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Shilp Gravures Limited has issued a Postal Ballot Notice dated July 15, 2025, seeking shareholder approval through remote e-voting for four special resolutions. The resolutions cover: (1) appointment of Mr. Pranav Chandrakant Bhalara as Executive Director from May 17, 2025, with a basic salary of Rs. 5 lakh/month and total remuneration capped at Rs. 60 lakh/year; (2) appointment of Mr. Kishor Nanalal Doshi as Executive Director from May 17, 2025, on similar remuneration terms, even though he will turn 70; (3) revision in remuneration of Managing Director Mr. Ambar Jayantilal Patel; and (4) continuation of Mr. Jayantilal Tapubhai Jhalavadia as Chairperson and Independent Director beyond age 75 until December 11, 2029. E-voting runs from July 17, 2025 to August 16, 2025, with the cut-off date set at July 11, 2025. The company's audited financials for FY25 show revenue from operations of Rs. 82.61 crore, profit before tax of Rs. 5.15 crore, and net profit after tax of Rs. 4.21 crore.
Routine governance items with no material financial impact. Approval of director appointments and MD remuneration revision formalises management changes already in place since May 2025; shareholders should review the revised MD pay terms and the appointment of two new Executive Directors, which will expand the leadership cost base by up to Rs. 1.2 crore annually.