Shilp Gravures Limited has submitted its quarterly compliance certificate to BSE Limited, fulfilling regulatory requirements under SEBI (Depositories and Participants) Regulations, 2018. The submission, dated April 9, 2026, covers the quarter ended March 31, 2026, and demonstrates the company's adherence to depositories compliance standards.

Regulatory Compliance Submission

The company submitted the certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 through its Company Secretary and Compliance Officer, Jay Chavda. The certificate was received from MUFG Intime India Private Limited, which serves as the company's registrar and share transfer agent.

Registrar Confirmation Details

MUFG Intime India Private Limited, formerly Link Intime India Private Limited, issued the confirmation certificate dated April 1, 2026. The registrar confirmed that all securities received from depository participants for dematerialization during Q4FY26 were properly processed and confirmed to the depositories within prescribed timelines.

The certificate confirms several key compliance aspects:

• Securities received for dematerialization were confirmed or rejected to depositories
• All securities comprised in certificates have been listed on stock exchanges where earlier issued securities are listed
• Security certificates received were mutilated and cancelled after due verification
• Depository names were substituted in the register of members as registered owners within prescribed timelines

Corporate Governance Framework

The submission was signed by Jay Chavda, Company Secretary and Compliance Officer with membership number A63127. The digital signature authentication confirms the document's authenticity and compliance with electronic filing requirements. MUFG Intime India Private Limited's confirmation was signed by Ashok Shetty, Sr. Vice President-Corporate Registry.

Regulatory Significance

This quarterly compliance certificate represents standard regulatory practice under SEBI's depositories framework. The submission ensures transparency in the dematerialization process and confirms that the company maintains proper records and procedures for handling electronic securities transactions through authorized depository participants.

Shilp Gravures Limited announced its unaudited financial results for the third quarter ended December 31, 2025, demonstrating strong profitability recovery despite revenue headwinds. The Gujarat-based gravure roller manufacturer reported significant improvement in bottom-line performance while managing operational challenges.

Financial Performance Overview

The company's financial performance for Q3 FY26 showed mixed results with strong profit growth offsetting revenue decline:

The company achieved a remarkable turnaround from a net loss of ₹168.18 lakhs in Q3 FY25 to a net profit of ₹169.25 lakhs in Q3 FY26. This transformation was supported by significantly improved other income of ₹169.84 lakhs compared to negative ₹83.94 lakhs in the previous year.

Nine-Month Performance Analysis

For the nine-month period ended December 31, 2025, Shilp Gravures demonstrated consistent growth momentum:

The nine-month results showcased robust operational performance with revenue growth of 8.0% and net profit surge of 48.7%, indicating improved operational efficiency and cost management.

Segment-wise Revenue Breakdown

Shilp Gravures operates across three main business segments with the following nine-month FY26 performance:

The gravure rollers segment, being the core business, contributed the largest share of revenue with steady growth of 7.7%. The power generation segment showed strong growth of 20.9%, while the others segment grew 13.6%.

Exceptional Items Impact

The company reported an exceptional charge of ₹243.20 lakhs in Q3 FY26 related to the statutory impact of new Labour Codes. This one-time charge arose primarily due to changes in wage definition under the four Labour Codes notified by the Government of India on November 21, 2025. The codes consolidate 29 existing labour laws and resulted in incremental impact on retiral benefits.

Operational Metrics and Outlook

Shilp Gravures maintained a strong balance sheet position with total assets of ₹12,181.61 lakhs as of December 31, 2025, compared to ₹11,548.26 lakhs in the previous year. The company's paid-up equity share capital remained stable at ₹614.98 lakhs with a face value of ₹10 per share.

The results were reviewed by the Audit Committee and approved by the Board of Directors in their meeting held on January 21, 2026. The statutory auditors expressed an unmodified conclusion on the limited review of these unaudited financial results.