Announced Tue, 7 Jul · 19:41 IST
Postal Ballot: Two directors redesignated as Whole-Time Directors
Management Changes View source PDF
Price
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Price reaction · full curve 14 horizons · vs prior close
-8.4%1-day move
₹154.50
prior close
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base price
After-mkt
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AI summary
Shilp Gravures shareholders approved three special resolutions via postal ballot on July 7, 2026. Mr. Pranav Bhalara and Mr. Kishor Doshi were redesignated from Executive Director to Whole-Time Director for 5 years (till May 22, 2031) with up to Rs. 2 crore per annum remuneration each. Third resolution raised the overall managerial remuneration limit for Executive Directors for 3 years from April 1, 2026. All resolutions passed with over 99.99 percent votes in favor, with zero dissent from promoters.
Likely market impact
Two promoter directors get 5-year terms and a higher pay ceiling approved with near-unanimous shareholder support.