Shaily Engineering Plastics logo

Shaily Engineering Plastics MD, chairman, board of directors and AGM

NSE: SHAILYBSE: 501423Consumer DurablesSmall Cap

Last close ₹2,937.20down ₹49.80 (1.67%)BSE ₹2,931.50

Share price at the NSE close on 23 Oct 2026. Previous close ₹2,987.00.

52-week range of traded prices to 23 Oct 2026
₹1,770.90Low, 15 Apr 2026₹3,615.20High, 11 Aug 2026
Market cap
₹13,510 Cr533rd largest listed
P/E
76.4
P/B
18.9
Dividend yield
0.10%
ROE
28.0%
ROCE
27.2%
Debt to equity
0.24
Volume, NSE
1,96,56938.6% delivered

Shaily Engineering Plastics board of directors

At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

  • ChairpersonMAHENDRA BHOGILAL SANGHVIRelated to the promoter
  • Managing directorAMIT MAHENDRA SANGHVI
  • Company Secretary and Compliance OfficerHarish Punwani

8 directors4 independent4 executive

  • MAHENDRA BHOGILAL SANGHVI · ChairpersonExecutive · joined Mar 1995 · reappointed Apr 2025 · 1 listed board
  • AMIT MAHENDRA SANGHVI · Managing directorExecutive · joined Oct 2011 · reappointed Oct 2023 · 1 listed board · 1 committee seat
  • LAXMAN SANGHVIExecutive · joined Mar 1995 · reappointed Apr 2025 · 1 listed board
  • TILOTTAMA M SANGHVIExecutive · joined Mar 1995 · reappointed Feb 2026 · 1 listed board
  • RANJIT SINGHIndependent · joined May 2019 · reappointed May 2024 · 25 months as independent · 3 listed boards · 2 as independent · 4 committee seats, 2 as chair
  • SAMARESH PARIDAIndependent · joined May 2022 · reappointed May 2022 · 49 months as independent · 3 listed boards · 3 as independent · 3 committee seats, 2 as chair
  • SHAILESH KRIPALU AYYANGARIndependent · joined May 2020 · reappointed May 2025 · 73 months as independent · 2 listed boards · 2 as independent · 2 committee seats
  • SANGEETA KAPILJIT SINGHIndependent · joined May 2022 · reappointed May 2022 · 49 months as independent · 5 listed boards · 5 as independent · 6 committee seats, 1 as chair

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

1 director who left
  • MILIN KAIMAS MEHTA, left 7 Nov 2024: Tenure Completion

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 19 May 20268 of 8 present4 independent · 95 days in between
    • 12 Feb 20267 of 8 present4 independent

  • Audit Committee

    Chair SAMARESH PARIDA

    RANJIT SINGH, SHAILESH KRIPALU AYYANGAR, SANGEETA KAPIL JIT SINGH

    • 19 May 20264 of 4 present4 independent · 95 days in between
    • 12 Feb 20264 of 4 present4 independent

  • Nomination and remuneration committee

    Chair SHAILESH KRIPALU AYYANGAR

    MAHENDRA BHOGILAL SANGHVI, SANGEETA KAPIL JIT SINGH, SAMARESH PARIDA

    • 19 May 20264 of 4 present3 independent

  • Stakeholders Relationship Committee

    Chair SANGEETA KAPIL JIT SINGH

    AMIT MAHENDRA SANGHVI, SHAILESH KRIPALU AYYANGAR, SAMARESH PARIDA

    • 19 May 20264 of 4 present3 independent

  • Risk Management Committee

    Chair SHAILESH KRIPALU AYYANGAR

    MAHENDRA BHOGILAL SANGHVI, TILOTTAMA M SANGHVI, RANJIT SINGH, SAMARESH PARIDA

    No meeting listed in the filing.

  • Corporate Social Responsibility Committee

    Chair RANJIT SINGH

    LAXMAN SANGHVI, TILOTTAMA M SANGHVI, SANGEETA KAPIL JIT SINGH

    • 19 May 20264 of 4 present2 independent

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Jun 2026.

  • BSR and CoPeer-review certificate valid to Apr 2029
1 earlier auditor
  • BSR & CoNamed in filings from Jun 2025 to Dec 2025

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

Shaily Engineering Plastics AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Shaily Engineering Plastics dividend history

Annual general meeting, 28 Sep 2026

58,124 shareholders on the register on 21 Sep 2026; present: 4 promoters and 48 others; votes counted by S. Samdani / Samdani Shah & Kabra.The company's voting result (opens in a new tab)

  1. Adoption of the Audited Standalone and Consolidated Financial Statements of the Company for the Financial Year ended 31st March, 2026 and the Reports of the Board of Directors and Auditors thereon
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 70.67% · promoters 100.00% · institutions 81.33% · other public 2.42%

  2. Declaration of dividend on Equity Shares for the financial year 2025-26
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 70.68% · promoters 100.00% · institutions 81.33% · other public 2.42%

  3. Appointment of Mr. Mahendra Sanghvi (DIN: 00084162), as a Director, who retires by rotation and being eligible, offers himself for re-appointment
    Ordinary
    97.60% for2.40% against

    Against: promoters 0.00% · institutions 5.84% · other public 0.03%

    Turnout: all 70.68% · promoters 100.00% · institutions 81.33% · other public 2.42%

  4. Ratification of Remuneration payable to the Cost Auditors for the F.Y. 2026-27
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 70.68% · promoters 100.00% · institutions 81.33% · other public 2.42%

  5. Change in remuneration of Ms. Kinjal Bhavsar, Managing Director of Shaily Innovations Limited, United Kingdom, effective from 1st April, 2026
    OrdinaryPromoters have an interest in it
    91.91% for8.09% against

    Against: promoters 0.00% · institutions 19.54% · other public 8.17%

    Turnout: all 70.68% · promoters 100.00% · institutions 81.33% · other public 2.42%

  6. Re-appointment of Mr. Amit Mahendra Sanghvi (DIN: 00022444) as a Managing Director effective from 1st October, 2026 for a period of Five (5) years
    SpecialPromoters have an interest in it
    93.21% for6.79% against

    Against: promoters 0.00% · institutions 16.39% · other public 8.17%

    Turnout: all 70.68% · promoters 100.00% · institutions 81.33% · other public 2.42%

  7. Enabling resolution for raising funds upto Rs. 500 Crore through issue of securities
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 70.68% · promoters 100.00% · institutions 81.33% · other public 2.42%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 27 Sep 2025, 10 resolutions

30,867 shareholders on the register on 19 Sep 2025; present: 5 promoters and 49 others; votes counted by S. Samdani / Samdani Shah & Kabra.The company's voting result (opens in a new tab)

  1. Adoption of Audited Standalone and Consolidated Financial Statements of the Company for the financial year ended 31st March 2025 together with the Reports of the Board of Directors and Auditors.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 74.24% · promoters 94.81% · institutions 89.56% · other public 27.20%

  2. Appointment of Mrs. Tilottama Sanghvi (DIN: 00190481) who retires by rotation and being eligible offers herself for re-appointment in pursuant to the provisions of Section 152(6) and other applicable provisions if any of the Companies Act 2013.MoreLess
    Ordinary
    99.28% for0.72% against

    Against: promoters 0.00% · institutions 2.11% · other public 0.00%

    Turnout: all 74.36% · promoters 94.81% · institutions 89.97% · other public 27.20%

  3. Declaration of Dividend of Rs.2 - Rupees Two only being 100 percent Equity Share of the face value of Rs.2 - each for the financial year ended 31st March 2025 on Equity Shares of the Company as recommended by the Board of Directors and the same be paid out of the profits of the Company.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 74.36% · promoters 94.81% · institutions 89.97% · other public 27.20%

  4. Appointment of M s. Samdani Shah and Kabra Company Secretaries in Practice Firm Registration Number: P2008GJ016300 Secretarial Audit Firm as the Secretarial Auditors of the Company for the period of Five 05 consecutive Financial Years from FY 2025-26 till FY 2029-30 in pursuant to the provisions of Section 204 of the Companies Act 2013 read with Rule 9 of the Companies Appointment and Remuneration of Managerial Personnel Rules 2014 Regulation 24A of the SEBI Listing Obligations and Disclosure Requirements Regulations 2015MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 74.36% · promoters 94.81% · institutions 89.97% · other public 27.20%

  5. Ratification of remuneration in pursuant to the provisions of Section 148 of the Companies Act 2013 read with Rule 14 of the Companies Audit and Auditors Rules 2014 and other applicable provisions if any including any statutory modifications or re-enactments thereof for the time being in force the remuneration of Rs. 115000 Rupees One Lac Fifteen thousand p.a. plus applicable tax travelling and out of pocket expenses payable to M s. Y. S. Thakar and Co. Cost and Management Accountants Vadodara Firm Registration No. 000318 appointed by the Board of Directors of the Company as Cost Auditors to conduct audit of the cost records of the Company for the F.Y. 2025-26MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 74.35% · promoters 94.81% · institutions 89.97% · other public 27.15%

  6. Appointment of Mr. Amit Sanghvi (DIN: 00022444) as a Managing Director of Shaily Innovations FZCO Dubai UAE Subsidiary of the Company effective from 01st April 2025 in pursuant to provisions of Section 188 (1)(f) and other applicable provisions if any of the Companies Act 2013 Act read with Rule 15(3)(b) of the Companies Meetings of Board and its Powers Rules 2014MoreLess
    OrdinaryPromoters have an interest in it
    94.86% for5.14% against

    Against: promoters 0.00% · institutions 15.15% · other public 0.00%

    Turnout: all 74.36% · promoters 94.81% · institutions 89.97% · other public 27.20%

  7. Change in remuneration of Mr. Mahendra Sanghvi (DIN: 00084162) Executive Chairman of the Company effective from 01st April 2025 in pursuant to provisions of Section 196 197 198 and other applicable provisions if any of the Companies Act 2013 Act read with Schedule V of the Act and the Companies Appointment and Remuneration of Managerial Personnel Rules 2014 read with Regulation 17(6)(e) and other applicable regulations if any of the Securities and Exchange Board of India Listing Obligations and Disclosure Requirements Regulations 2015MoreLess
    Special
    97.11% for2.89% against

    Against: promoters 0.00% · institutions 8.52% · other public 0.00%

    Turnout: all 74.36% · promoters 94.81% · institutions 89.97% · other public 27.20%

  8. Change in remuneration of Mrs. Tilottama Sanghvi (DIN: 00190481) Whole-time Director effective from 1st April 2025 in pursuant to provisions of Section 196 197 198 and other applicable provisions if any of the Companies Act 2013 Act read with Schedule V of the Act and the Companies Appointment and Remuneration of Managerial Personnel Rules 2014 read with Regulation 17(6)(e) and other applicable regulations if any of the Securities and Exchange Board of India Listing Obligations and Disclosure Requirements Regulations 2015MoreLess
    Special
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.05% · other public 0.00%

    Turnout: all 74.36% · promoters 94.81% · institutions 89.97% · other public 27.20%

  9. Change in remuneration of Mr. Laxman Sanghvi (DIN:00022977) Executive Director effective from 01st April 2025 in pursuant to provisions of Section 196 197 198 and other applicable provisions if any of the Companies Act 2013 Act read with Schedule V of the Act and the Companies Appointment and Remuneration of Managerial Personnel Rules 2014 read with Regulation 17(6)(e) and other applicable regulations if any of the Securities and Exchange Board of India Listing Obligations and Disclosure Requirements Regulations 2015 SEBI Listing Regulations 2015MoreLess
    Special
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.05% · other public 0.00%

    Turnout: all 74.35% · promoters 94.81% · institutions 89.97% · other public 27.15%

  10. Re-appointment of Mrs. Tilottama Sanghvi (DIN: 00190481) as a Whole-time Director effective from 1st February 2026 for a period of three 3 years in pursuant to the provisions of Section 196 197 198 203 and other applicable provisions if any of the Companies Act 2013 Act read with Schedule V of the Act and the Companies Appointment and Remuneration of Managerial Personnel Rules 2014 read with Regulation 17 of the Securities and Exchange Board of India Listing Obligations and Disclosure Requirements Regulations 2015MoreLess
    Special
    99.94% for0.06% against

    Against: promoters 0.00% · institutions 0.16% · other public 0.00%

    Turnout: all 74.36% · promoters 94.81% · institutions 89.97% · other public 27.20%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 21 Sep 2024, 11 resolutions

Present: 3 promoters and 30 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Standalone and ConsolidatednFinancial Statements of the Company for the financial year ended 31st March 2024ntogether with the Reports of the Board of Directors and Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 100.00% · promoters 100.00% · institutions 100.00% · other public 100.00%

  2. Re-appointment of Mr. Laxman Sanghvi (DIN: 00022977) as a director, who retiresnby rotation and being eligible, offers himself for re-appointment.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 100.00% · promoters 100.00% · institutions 100.00% · other public 100.00%

  3. Declaration of Dividend
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.78%

    Turnout: all 100.00% · promoters 100.00% · institutions 100.00% · other public 100.00%

  4. Ratification of remuneration to be paid to Cost Auditors.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 100.00% · promoters 100.00% · institutions 100.00% · other public 100.00%

  5. Rescission of resolution passed at 43rd Annual General Meeting of the Companynwith regard to Alteration of Capital Clause of the Memorandum of Association ofnthe Company.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 100.00% · promoters 100.00% · institutions 100.00% · other public 100.00%

  6. Change in Remuneration of Ms. Kinjal Bhavsar, Executive Director of Shaily (UK)nLimited w.e.f. 1st July 2024
    SpecialPromoters have an interest in it
    68.91% for31.09% against

    Against: promoters 0.00% · institutions 63.43% · other public 0.03%

    Turnout: all 54.41% · promoters 37.22% · institutions 100.00% · other public 100.00%

  7. Change in Remuneration of Mr. Mahendra Sanghvi, (DIN:00084162), ExecutivenChairman, effective from 1st April 2024
    Special
    95.18% for4.82% against

    Against: promoters 0.00% · institutions 18.04% · other public 0.78%

    Turnout: all 100.00% · promoters 100.00% · institutions 100.00% · other public 100.00%

  8. Change in Remuneration of Mr. Amit Sanghvi, (DIN: 00022444) Managing Director,neffective from 1st April 2024
    Special
    95.18% for4.82% against

    Against: promoters 0.00% · institutions 18.04% · other public 0.78%

    Turnout: all 100.00% · promoters 100.00% · institutions 100.00% · other public 100.00%

  9. Re-Appointment of Mr. Mahendra Sanghvi (DIN: 00084162) as Executive Chairmanneffective from 1st April 2025 for a period of three (3) years from 01st April 2025 ton31st March 2028
    Special
    95.18% for4.82% against

    Against: promoters 0.00% · institutions 18.06% · other public 0.03%

    Turnout: all 100.00% · promoters 100.00% · institutions 100.00% · other public 100.00%

  10. Re-Appointment of Mr. Laxman Sanghvi (DIN: 00022977) as an Executive Directorneffective from 1st April 2025 for a period of three (3) years from 01st April 2025 ton31st March 2028.
    Special
    95.19% for4.81% against

    Against: promoters 0.00% · institutions 18.04% · other public 0.03%

    Turnout: all 100.00% · promoters 100.00% · institutions 100.00% · other public 100.00%

  11. Re-Appointment of Mr. Shailesh Ayyangar (DIN: 00268076) as an IndependentnDirector
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 100.00% · promoters 100.00% · institutions 100.00% · other public 100.00%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 22 Mar 2024, 1 resolution

The company's voting result (opens in a new tab)

  1. To approve the Re-Appointment of Mr. Ranjit Singh as an Independent Director.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 55.65% · promoters 87.79% · institutions 71.80% · other public 14.79%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 8 Nov 2023, 1 resolution

The company's voting result (opens in a new tab)

  1. To approve the Alteration of Capital Clause of Memorandum of Association of the Company
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 100.00% · promoters 100.00% · institutions 100.00% · other public 100.00%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 29 Sep 2023, 9 resolutions

Present: 5 promoters and 34 others.The company's voting result (opens in a new tab)

  1. Adoption of the Audited Standalone and Consolidated Financial Statements for the year ended on 31st March 2023.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 100.00% · promoters 100.00% · institutions 100.00% · other public 100.00%

  2. Appointment of Mr. Amit Sanghvi as Director liable to retire by rotation.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.34%

    Turnout: all 100.00% · promoters 100.00% · institutions 100.00% · other public 100.00%

  3. Appointment of M/s B S R and Co., (Firm Registration No. 128510W), Chartered Accountants, as Statutory Auditors of the Company
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 100.00% · promoters 100.00% · institutions 100.00% · other public 100.00%

  4. Ratification of remuneration to be paid to the Cost Auditors for the financial year 2023-24.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.24%

    Turnout: all 100.00% · promoters 100.00% · institutions 100.00% · other public 100.00%

  5. Sub-division of Equity Shares of the Company from the nominal value of ₹10/- (Rupees Ten only) to ₹2/- (Rupees Two only) per Equity share.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 100.00% · promoters 100.00% · institutions 100.00% · other public 100.00%

  6. Alteration of Capital Clause of Memorandum of Association of the Company
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 100.00% · promoters 100.00% · institutions 100.00% · other public 100.00%

  7. Re-Appointment of Mr. Amit Sanghvi as Managing Director
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.24%

    Turnout: all 100.00% · promoters 100.00% · institutions 100.00% · other public 100.00%

  8. Revision in Remuneration to be paid to Mrs. Tilottama Sanghvi, Whole Time Director, effective from 1st April 2023
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.24%

    Turnout: all 100.00% · promoters 100.00% · institutions 100.00% · other public 100.00%

  9. Rrevision in Remuneration to be paid to Mr. Laxman Sanghvi, Executive Director, effective from 1st April 2023
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.24%

    Turnout: all 100.00% · promoters 100.00% · institutions 100.00% · other public 100.00%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 27 Aug 2022, 7 resolutions

Present: 5 promoters and 14 others.The company's voting result (opens in a new tab)

  1. Adoption of Audited Standalone and Consolidated Financial Statements for the year ended on 31 March 2022
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 100.00% · promoters 100.00% · institutions 100.00% · other public 100.00%

  2. Appointment of Mr. Mahendra Sanghvi as Director liable to retire by rotation
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 100.00% · promoters 100.00% · institutions 100.00% · other public 100.00%

  3. Ratification of remuneration to be paid to Cost Auditors.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.10%

    Turnout: all 100.00% · promoters 100.00% · institutions 100.00% · other public 100.00%

  4. Appointment of Mr. Samaresh Parida as an Independent Director
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.10%

    Turnout: all 100.00% · promoters 100.00% · institutions 100.00% · other public 100.00%

  5. Appointment of Mrs. Sangeeta Singh as an Independent Director
    Special
    92.80% for7.20% against

    Against: promoters 0.00% · institutions 18.25% · other public 0.10%

    Turnout: all 100.00% · promoters 100.00% · institutions 100.00% · other public 100.00%

  6. Revision in remuneration to be paid to Mr. Amit Sanghvi, Managing Director, effective from 01 October 2022
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.78%

    Turnout: all 100.00% · promoters 100.00% · institutions 100.00% · other public 100.00%

  7. Re-appointment of Mrs. Tilottama Sanghvi as a Whole Time Director for a period of three (3) years, effective from 01 February 2023
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.10%

    Turnout: all 100.00% · promoters 100.00% · institutions 100.00% · other public 100.00%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

How mutual funds voted

Fund houses must disclose how they vote at every meeting of a company they hold.Funds that hold it

Mutual fund votes, meeting of 28 Sep 2026, 5 fund houses so far (houses' deadline to file 15 Oct 2026)

  • Adoption of the Audited Standalone and Consolidated Financial Statements of the Company for the Financial Year ended 31st March, 2026 and the Reports of the Board of Directors and Auditors thereon
    5 for0 against
  • Declaration of dividend on Equity Shares for the financial year 2025-26
    5 for0 against
  • Appointment of Mr. Mahendra Sanghvi (DIN: 00084162), as a Director, who retires by rotation and being eligible, offers himself for re-appointment
    Against Angel One Mutual Fund, Edelweiss Mutual Fund
    • Angel One Mutual FundGovernance concern: Holds combined position of Executive Chairperson of the Company and skewed remuneration in favour of proposed appointee.
    • Edelweiss Mutual FundNo concern identified on the merits of the proposed appointee. Governance concern: Holds combined position of Executive Chairperson of the Company and skewed remuneration in favour of proposed appointee.
    3 for2 against
  • Ratification of Remuneration payable to the Cost Auditors for the F.Y. 2026-27
    5 for0 against
  • Change in remuneration of Ms. Kinjal Bhavsar, Managing Director of Shaily Innovations Limited, United Kingdom, effective from 1st April, 2026
    5 for0 against
  • Re-appointment of Mr. Amit Mahendra Sanghvi (DIN: 00022444) as a Managing Director effective from 1st October, 2026 for a period of Five (5) years
    Against Angel One Mutual Fund, Edelweiss Mutual Fund
    • Angel One Mutual FundGovernance concern: Significant remuneration received from WOS company.
    • Edelweiss Mutual FundNo concern identified on the merits of the proposed appointee. Governance concern: Significant remuneration received from WOS company.
    3 for2 against
  • Enabling resolution for raising funds upto Rs. 500 Crore through issue of securities
    5 for0 against

Mutual fund votes, meeting of 27 Sep 2025, 10 fund houses

  • Adoption of Audited Standalone and Consolidated Financial Statements of the Company for the financial year ended 31st March 2025 together with the Reports of the Board of Directors and Auditors.
    10 for0 against
  • Appointment of Mrs. Tilottama Sanghvi (DIN: 00190481) who retires by rotation and being eligible offers herself for re-appointment in pursuant to the provisions of Section 152(6) and other applicable provisions if any of the Companies Act 2013.MoreLess
    10 for0 against
  • Declaration of Dividend of Rs.2 - Rupees Two only being 100 percent Equity Share of the face value of Rs.2 - each for the financial year ended 31st March 2025 on Equity Shares of the Company as recommended by the Board of Directors and the same be paid out of the profits of the Company.MoreLess
    10 for0 against
  • Appointment of M s. Samdani Shah and Kabra Company Secretaries in Practice Firm Registration Number: P2008GJ016300 Secretarial Audit Firm as the Secretarial Auditors of the Company for the period of Five 05 consecutive Financial Years from FY 2025-26 till FY 2029-30 in pursuant to the provisions of Section 204 of the Companies Act 2013 read with Rule 9 of the Companies Appointment and Remuneration of Managerial Personnel Rules 2014 Regulation 24A of the SEBI Listing Obligations and Disclosure Requirements Regulations 2015MoreLess
    10 for0 against
  • Ratification of remuneration in pursuant to the provisions of Section 148 of the Companies Act 2013 read with Rule 14 of the Companies Audit and Auditors Rules 2014 and other applicable provisions if any including any statutory modifications or re-enactments thereof for the time being in force the remuneration of Rs. 115000 Rupees One Lac Fifteen thousand p.a. plus applicable tax travelling and out of pocket expenses payable to M s. Y. S. Thakar and Co. Cost and Management Accountants Vadodara Firm Registration No. 000318 appointed by the Board of Directors of the Company as Cost Auditors to conduct audit of the cost records of the Company for the F.Y. 2025-26MoreLess
    10 for0 against
  • Appointment of Mr. Amit Sanghvi (DIN: 00022444) as a Managing Director of Shaily Innovations FZCO Dubai UAE Subsidiary of the Company effective from 01st April 2025 in pursuant to provisions of Section 188 (1)(f) and other applicable provisions if any of the Companies Act 2013 Act read with Rule 15(3)(b) of the Companies Meetings of Board and its Powers Rules 2014MoreLess
    Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Mirae Asset Mutual Fund, Trust Mutual Fund
    • Angel One Mutual FundPrior approval not sought.Governance Concern: No absolute cap on variable pay.
    • Bandhan Mutual Fund, Groww Mutual FundNo concern on the merits of the proposed appointee. Non-compliance with Companies Act, 2013: Prior approval not sought. Governance Concern: No absolute cap on variable pay
    • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
    • Trust Mutual FundDo not support the resolution, since the fixed remuneration is high, the remuneration terms are open ended and cannot be determined and the resolution does not specify a defined timeline and is effectively valid in perpetuity.
    5 for5 against
  • Change in remuneration of Mr. Mahendra Sanghvi (DIN: 00084162) Executive Chairman of the Company effective from 01st April 2025 in pursuant to provisions of Section 196 197 198 and other applicable provisions if any of the Companies Act 2013 Act read with Schedule V of the Act and the Companies Appointment and Remuneration of Managerial Personnel Rules 2014 read with Regulation 17(6)(e) and other applicable regulations if any of the Securities and Exchange Board of India Listing Obligations and Disclosure Requirements Regulations 2015MoreLess
    Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Mirae Asset Mutual Fund, Trust Mutual Fund
    • Angel One Mutual FundGovernance Concern: No absolute cap placed on variable pay;Holding combined position of Executive Chairman which is not a good governance practice.
    • Bandhan Mutual Fund, Groww Mutual FundCompliant with law. No concerns on the merits of the director. Governance Concern: No absolute cap placed on variable pay; Holding combined position of Executive Chairman which is not a good governance practice.
    • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
    • Trust Mutual FundThe proposed remuneration is high for the size of business and not in line with peers. Further, the overall promoter remuneration (including in an office of profit) at 12.8% of FY25 PBT is high for the size of business. We do not support the resolution.
    5 for5 against
  • Change in remuneration of Mrs. Tilottama Sanghvi (DIN: 00190481) Whole-time Director effective from 1st April 2025 in pursuant to provisions of Section 196 197 198 and other applicable provisions if any of the Companies Act 2013 Act read with Schedule V of the Act and the Companies Appointment and Remuneration of Managerial Personnel Rules 2014 read with Regulation 17(6)(e) and other applicable regulations if any of the Securities and Exchange Board of India Listing Obligations and Disclosure Requirements Regulations 2015MoreLess
    Against Angel One Mutual Fund, Groww Mutual Fund
    • Angel One Mutual FundGovernance Concern: No absolute cap placed on variable pay.
    • Groww Mutual FundCompliant with law. No concerns on the merits of the director. Governance Concern: No absolute cap placed on variable pay.
    8 for2 against
  • Change in remuneration of Mr. Laxman Sanghvi (DIN:00022977) Executive Director effective from 01st April 2025 in pursuant to provisions of Section 196 197 198 and other applicable provisions if any of the Companies Act 2013 Act read with Schedule V of the Act and the Companies Appointment and Remuneration of Managerial Personnel Rules 2014 read with Regulation 17(6)(e) and other applicable regulations if any of the Securities and Exchange Board of India Listing Obligations and Disclosure Requirements Regulations 2015 SEBI Listing Regulations 2015MoreLess
    Against Angel One Mutual Fund, Groww Mutual Fund
    • Angel One Mutual FundGovernance Concern: No absolute cap placed on variable pay.
    • Groww Mutual FundCompliant with law. No concerns on the merits of the director. Governance Concern: No absolute cap placed on variable pay.
    8 for2 against
  • Re-appointment of Mrs. Tilottama Sanghvi (DIN: 00190481) as a Whole-time Director effective from 1st February 2026 for a period of three 3 years in pursuant to the provisions of Section 196 197 198 203 and other applicable provisions if any of the Companies Act 2013 Act read with Schedule V of the Act and the Companies Appointment and Remuneration of Managerial Personnel Rules 2014 read with Regulation 17 of the Securities and Exchange Board of India Listing Obligations and Disclosure Requirements Regulations 2015MoreLess
    Against Angel One Mutual Fund, Groww Mutual Fund
    • Angel One Mutual FundGovernance Concern: No absolute cap placed on variable pay.
    • Groww Mutual FundCompliant with law. No concerns on the merits of the proposed appointee. Governance Concern: No absolute cap placed on variable pay
    8 for2 against
6 earlier meetings

Mutual fund votes, meeting of 21 Sep 2024, 3 fund houses

  • To receive, consider and adopt the Audited Standalone and ConsolidatednFinancial Statements of the Company for the financial year ended 31st March 2024ntogether with the Reports of the Board of Directors and Auditors thereon.MoreLess
    3 for0 against
  • Re-appointment of Mr. Laxman Sanghvi (DIN: 00022977) as a director, who retiresnby rotation and being eligible, offers himself for re-appointment.
    3 for0 against
  • Declaration of Dividend
    3 for0 against
  • Ratification of remuneration to be paid to Cost Auditors.
    3 for0 against
  • Rescission of resolution passed at 43rd Annual General Meeting of the Companynwith regard to Alteration of Capital Clause of the Memorandum of Association ofnthe Company.
    3 for0 against
  • Change in Remuneration of Ms. Kinjal Bhavsar, Executive Director of Shaily (UK)nLimited w.e.f. 1st July 2024
    Against Bandhan Mutual Fund, Motilal Oswal Mutual Fund
    • Bandhan Mutual FundNon-compliance with Companies Act, 2013: Prior approval not sought.
    • Motilal Oswal Mutual Fundnot compliant with law
    1 for2 against
  • Change in Remuneration of Mr. Mahendra Sanghvi, (DIN:00084162), ExecutivenChairman, effective from 1st April 2024
    Against Bandhan Mutual Fund
    • Bandhan Mutual FundCompliant with law. Governance concern: Combined position of Chairman and ED, No absolute cap on Variable Pay/ Total Pay. The Company seeking an increase in remuneration – However, the Company has inadequate profit.
    2 for1 against
  • Change in Remuneration of Mr. Amit Sanghvi, (DIN: 00022444) Managing Director,neffective from 1st April 2024
    Against Bandhan Mutual Fund
    • Bandhan Mutual FundCompliant with law. Governance concern: No absolute cap on Variable Pay/ Total Pay. The Company seeking an increase in remuneration – However, the Company has inadequate profit.
    2 for1 against
  • Re-Appointment of Mr. Mahendra Sanghvi (DIN: 00084162) as Executive Chairmanneffective from 1st April 2025 for a period of three (3) years from 01st April 2025 ton31st March 2028
    Against Bandhan Mutual Fund
    • Bandhan Mutual FundCompliant with law. Governance concern: Combined position of Chairman and ED, No absolute cap on Variable Pay/ Total Pay. The Company seeking an increase in remuneration – However, the Company has adequate profit.
    2 for1 against
  • Re-Appointment of Mr. Laxman Sanghvi (DIN: 00022977) as an Executive Directorneffective from 1st April 2025 for a period of three (3) years from 01st April 2025 ton31st March 2028.
    Against Bandhan Mutual Fund
    • Bandhan Mutual FundCompliant with law. Governance concern: No absolute cap on Variable Pay/ Total Pay. The Company seeking an increase in remuneration – However, the Company has inadequate profit.
    2 for1 against
  • Re-Appointment of Mr. Shailesh Ayyangar (DIN: 00268076) as an IndependentnDirector
    3 for0 against

Mutual fund votes, meeting of 22 Mar 2024, 2 fund houses

  • To approve the Re-Appointment of Mr. Ranjit Singh as an Independent Director.
    2 for0 against

Mutual fund votes, meeting of 8 Nov 2023, 2 fund houses

  • To approve the Alteration of Capital Clause of Memorandum of Association of the Company
    2 for0 against

Mutual fund votes, meeting of 29 Sep 2023, 2 fund houses

  • Adoption of the Audited Standalone and Consolidated Financial Statements for the year ended on 31st March 2023.
    2 for0 against
  • Appointment of Mr. Amit Sanghvi as Director liable to retire by rotation.
    2 for0 against
  • Appointment of M/s B S R and Co., (Firm Registration No. 128510W), Chartered Accountants, as Statutory Auditors of the Company
    2 for0 against
  • Ratification of remuneration to be paid to the Cost Auditors for the financial year 2023-24.
    2 for0 against
  • Sub-division of Equity Shares of the Company from the nominal value of ₹10/- (Rupees Ten only) to ₹2/- (Rupees Two only) per Equity share.
    2 for0 against
  • Alteration of Capital Clause of Memorandum of Association of the Company
    2 for0 against
  • Re-Appointment of Mr. Amit Sanghvi as Managing Director
    2 for0 against
  • Revision in Remuneration to be paid to Mrs. Tilottama Sanghvi, Whole Time Director, effective from 1st April 2023
    2 for0 against
  • Rrevision in Remuneration to be paid to Mr. Laxman Sanghvi, Executive Director, effective from 1st April 2023
    2 for0 against

Mutual fund votes, meeting of 27 Aug 2022, 3 fund houses

  • Adoption of Audited Standalone and Consolidated Financial Statements for the year ended on 31 March 2022
    3 for0 against
  • Appointment of Mr. Mahendra Sanghvi as Director liable to retire by rotation
    3 for0 against
  • Ratification of remuneration to be paid to Cost Auditors.
    3 for0 against
  • Appointment of Mr. Samaresh Parida as an Independent Director
    3 for0 against
  • Appointment of Mrs. Sangeeta Singh as an Independent Director
    Against WhiteOak Capital Mutual Fund
    • WhiteOak Capital Mutual FundMs. Sangeeta Singh, 62, has over 35 years of experience in Human Resources, Communications and Operations. She is former Partner & Head of Human Resources in KPMG India. We understand from public sources that she is Partner, Sanguine Consultants. Ms. Sangeeta Singh serves on the boards of five listed companies (including Shaily Engineering Plastics – Alkem Laboratories, SH Kelkar and Company, Accelya Solutions India and Laxmi Organic Industries) and two other companies. Given their full-time responsibilities, regulations allow whole-time directors of listed companies to be independent directors in a maximum of three listed companies. Further, we believe that as a Partner at Sanguine Consultants, her responsibilities are equivalent to a whole-time directorship. Therefore, her high number of directorships on listed companies are not in keeping with the spirit of the regulation. Further, based on the recent amendments to SEBI LODR effective 1 January 2022 and clarification issued by the National Stock Exchange of India (NSE), we believe that a special resolution should have been presented to shareholders for her appointment.
    2 for1 against
  • Revision in remuneration to be paid to Mr. Amit Sanghvi, Managing Director, effective from 01 October 2022
    3 for0 against
  • Re-appointment of Mrs. Tilottama Sanghvi as a Whole Time Director for a period of three (3) years, effective from 01 February 2023
    3 for0 against

Mutual fund votes, meeting of 19 Mar 2022, 2 fund houses

  • To Approve Appointment Of Ms. Kinjal Bhavsar As An Executive Director On The Board Of Shaily (Uk) Limited, Wholly Owned Subsidiary Of The Company.
    2 for0 against
  • To Consider Re-Appointment Of Mr. Laxman Sanghvi As An Executive Director Effective From April 1, 2022 For A Period Of Three Years From 01St April, 2022 To 31St March, 2025 With Revised Remuneration
    1 for0 against
  • To Consider Re-Appointment Of Mr. Laxman Sanghvi As An Executive Director w.e.f. April 1, 2022 For A Period Of 3 Years Upto 31st March, 2025 With Revised Remuneration
    1 for0 against
  • To Consider Re-Appointment Of Mr. Mahendra Sanghvi As An Executive Chairman Effective From April 1, 2022 For A Period Of Three Years From 01St April, 2022 To 31St March, 2025 With Revised Remuneration.MoreLess
    1 for0 against
  • To Consider Re-Appointment Of Mr. Mahendra Sanghvi As An Executive Chairman w.e.f. April 1, 2022 For A Period Of 3 Years Upto 31st March, 2025 With Revised Remuneration
    1 for0 against

Each fund house counted once, from its own disclosure; the reasons are its own words.

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved

Open at the quarter's end

None open at any quarter's end.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
Yes
The chair is related to the managing director
Yes
The filing has a part on fines and penalties
No
The filing has a part on tax disputes
No
There was a cyber security incident in the quarter
No

The company's own answers in its filing.