Shilp Gravures has invested ₹1,42,93,800 in its wholly-owned subsidiary, Etone India Private Limited, through a rights issue. The company disclosed the related-party transaction on September 15, 2026, stating the move is intended to expand its business operations.

The investment involves the subscription of 14,29,380 equity shares at a face value of ₹10 each. As Etone India is already a wholly-owned subsidiary, Shilp Gravures retains 100% control following this capital infusion. The transaction was conducted on an arm's length basis, with no interest from promoters or group companies in the target entity other than the listed company itself.

Transaction Details

The cash consideration for the rights issue was fully paid by Shilp Gravures. No governmental or regulatory approvals were required for the acquisition of additional shares in the subsidiary. The filing cites Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, for the disclosure.

Subsidiary Financial Profile

Etone India Private Limited, incorporated on June 11, 2002, manufactures electro-mechanical engraved and chemically etched cylinders for rotogravure and flexo printing machines. The subsidiary operates solely within India.

The target entity reported a turnover of ₹1269.60 lacs for FY26. This represents an increase from ₹1110.20 lacs in FY25 and ₹1154.19 lacs in FY24. The subsidiary's authorized capital stands at ₹2,50,00,000, while its paid-up capital prior to this acquisition was ₹1,05,88,000.

What the Numbers Show

The revenue trajectory of Etone India indicates a recovery in FY26 after a dip in FY25. Turnover rose approximately 14% year-on-year from FY25 to FY26, reversing the decline seen between FY24 and FY25. This renewed growth in the subsidiary's core manufacturing business likely underpins the parent company's decision to inject further capital through the rights issue.

Shilp Gravures has scheduled its 33rd Annual General Meeting for September 23, 2026. The Board of Directors has proposed a final dividend of ₹2.10 per equity share with a face value of ₹10 for FY26.

The meeting will be conducted via video conferencing or other audio-visual means at 1:00 pm. Shareholders on record as of September 16, 2026 will be eligible to receive the dividend and participate in e-voting.

E-Voting Calendar

The company will avail remote e-voting services of Central Depository Services (India) Limited (CDSL). The voting window opens on Sunday, September 20, 2026, and closes on Tuesday, September 22, 2026.

Key Dates and Book Closure

The register of members and share transfer books will remain closed from September 17 to September 23, 2026, inclusive. The record date determines eligibility for the dividend payout and remote e-voting rights.

Participation and Dividend Payment

The Notice of the AGM along with the Annual Report for FY26 will be sent electronically to shareholders with registered email addresses. For those without registered emails, a letter containing the web-link to access the documents will be dispatched.

Members holding shares in physical mode are requested to register or update their email addresses with the Company or its Registrar and Transfer Agent, MUFG Intime India Private Limited. Demat holders should update details with their respective Depository Participants.

If approved by shareholders, the dividend will be paid within the statutory time limit following the AGM. In compliance with SEBI regulations mandating electronic payments since April 1, 2024, shareholders are advised to update their KYC details, including PAN, bank account information, and specimen signatures, to ensure timely receipt of the dividend.

Jay Rajendrabhai Chavda, Company Secretary and Compliance Officer, issued the intimation to the BSE Limited Corporate Relationship Department.