Shaily Engineering Promoters Hold Nil Encumbrance on Shares
Shaily Engineering Plastics Limited disclosed that its promoters hold 1,99,42,600 shares, or 43.40% of the total, with nil encumbrance as of March 31, 2026. The filing, compliant with SEBI regulations, lists 14 individuals in the promoter and promoter group categories.
*this image is generated using AI for illustrative purposes only.
Shaily Engineering Plastics Limited has informed the stock exchanges that its promoters and promoter group hold a significant portion of its equity shares without any encumbrance. The disclosure, dated April 3, 2026, was submitted to BSE Limited and the National Stock Exchange of India Limited in accordance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Shareholding Details
The promoters and persons acting in concert (PAC) declared that they hold 1,99,42,600 equity shares in Shaily Engineering Plastics Limited . This stake constitutes 43.40% of the company's total shareholding as on March 31, 2026. The company confirmed that no shares were encumbered or pledged by the promoters during the financial year ended on the same date.
Promoter and Promoter Group List
The disclosure included a detailed list of individuals classified as promoters or members of the promoter group. The list comprises 14 names, including Mahendra Bhogilal Sanghvi, Laxman Sanghvi, and Tilottama Sanghvi, who are identified as promoters. The remaining individuals, such as Sanghvi Amit Mahendra and Jayessh Mohanlal Shah, are classified as part of the promoter group.
| Sr. # | Name of Promoter & Promoter Group | Status |
|---|---|---|
| 1 | Mahendra Bhogilal Sanghvi | Promoter |
| 2 | Laxman Sanghvi | Promoter |
| 3 | Tilottama Sanghvi | Promoter |
| 4 | Sanghvi Amit Mahendra | Promoter Group |
| 5 | Jayessh Mohanlal Shah | Promoter Group |
| 6 | Kalpana Sanghvi | Promoter Group |
| 7 | Purnima Mohanlal Shah | Promoter Group |
| 8 | Ramesh H Shah | Promoter Group |
| 9 | Lax Nagda | Promoter Group |
| 10 | Lt. Bharat Bhogilal Sanghvi | Promoter Group |
| 11 | Vanita L Nagda | Promoter Group |
| 12 | Shaily Mahendra Sanghvi | Promoter Group |
| 13 | Rajen Bharat Sanghvi | Promoter Group |
| 14 | Rashmi Sanghvi | Promoter Group |
Regulatory Compliance
The filing was signed by Mahendra Bhogilal Sanghvi, an authorised signatory, on behalf of the promoters and promoter group. The confirmation of nil encumbrance provides transparency regarding the financial standing of the company's key stakeholders as of the end of the fiscal year 2026.
Historical Stock Returns for Shaily Engineering Plastics
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.08% | -3.52% | +46.43% | +8.79% | +50.75% | +567.62% |
Could the promoters' decision to maintain a 43.40% stake without any pledging signal potential plans for increasing their shareholding through open market purchases or a creeping acquisition in FY2027?
How might the nil encumbrance status influence institutional investor confidence and potentially impact Shaily Engineering Plastics' stock liquidity and valuation multiples going forward?
Given the relatively concentrated promoter holding at 43.40%, are there any regulatory or strategic pressures that could push the company toward increasing its public float in the near future?
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