Shaily Engineering Plastics will hold its 46th Annual General Meeting on September 28, 2026, at 11:00 am through video conferencing. The meeting agenda includes the adoption of financial statements for FY26, a proposed dividend declaration, and significant corporate governance resolutions.

The Board has recommended a dividend of ₹3 per equity share, representing a payout ratio of 150% on the face value of ₹2. This dividend is subject to member approval at the AGM. Shareholders on record as of September 11, 2026, will be eligible for the payout if declared.

Capital Raising & Expansion

A key special resolution seeks member consent for an enabling resolution to raise funds up to ₹500 crore through the issuance of securities. The company intends to use these proceeds for setting up new facilities in Chennai and Abu Dhabi, as well as enhancing existing operations.

The Board retains discretion to determine the instrument mix, which may include equity shares, convertible debentures, or warrants. The issuance can occur via rights issues, preferential allotments, or qualified institutional placements (QIPs). Any QIP must be completed within 365 days of the resolution passage.

Governance & Remuneration Changes

Members will vote on the re-appointment of Mr. Mahendra Sanghvi as a director retiring by rotation. Additionally, the meeting will address the re-appointment of Mr. Amit Mahendra Sanghvi as Managing Director for a five-year term effective October 1, 2026. Notably, Mr. Amit Mahendra Sanghvi will not draw remuneration from Shaily Engineering Plastics during this tenure.

The AGM also covers a change in remuneration for Ms. Kinjal Bhavsar, Managing Director of the wholly-owned subsidiary Shaily Innovations Limited (UK). Her annual basic salary is proposed to increase from GBP 150,000 to GBP 240,000, effective April 1, 2026. This requires unrelated shareholder approval under related-party transaction norms.

Meeting Logistics

Remote e-voting will be open from September 25, 2026, at 9:00 am to September 27, 2026, at 5:00 pm. Physical attendance is dispensed with, and proxy appointments are not available for this virtual meeting.

Shaily Engineering Plastics submitted its Business Responsibility and Sustainability Report (BRSR) for FY26 to stock exchanges on September 4, 2026. The filing details the company’s environmental, social, and governance performance for the financial year ended March 31, 2026.

Financial and Operational Overview

The company reported a standalone turnover of ₹921.19 crore and a net worth of ₹649.45 crore as per the disclosures. Exports accounted for 67.7% of the total turnover, highlighting the company's significant reliance on international markets across 31 countries.

What the Numbers Show

The data reveals a distinct bifurcation in the workforce structure. While permanent employees number 941, the company employs 2,261 workers, of whom 2,170 are non-permanent. This heavy reliance on contractual labor suggests a flexible operational model designed to manage production volumes without increasing fixed payroll costs.

Environmental Performance

Total energy consumption rose to 132,554,280 MJ in FY26, up from 123,286,930 MJ in FY25. Renewable sources contributed 12,955,590 MJ, while non-renewable fuel consumption stood at 2,998,690 MJ. The company achieved zero fatalities and recorded no lost-time injuries among employees during the year.

Greenhouse gas emissions (Scope 1 and Scope 2) totaled approximately 2,520 metric tonnes of CO2 equivalent. The company implemented zero liquid discharge mechanisms at most plants and expanded its sewage treatment plant capacity to reuse treated wastewater.

Social Governance

The company maintains a grievance redressal mechanism with zero pending complaints from communities, investors, or employees at year-end. One sexual harassment complaint was received and resolved under the POSH Act. Training coverage reached 100% for all employees and workers on health, safety, and skill upgradation.