Shilp Gravures Limited has resumed production at its Rakanpur manufacturing facility effective July 29, 2026, following the receding of floodwaters that had forced a suspension since July 24, 2026. The restoration of power and essential utilities allowed the company to restart operations, marking a critical step in mitigating the operational risks posed by the severe rainfall in Gujarat.

While certain departments have returned to normal operations, restoration and recommissioning activities are ongoing in sections where machinery and equipment were heavily affected. The company is actively working to restore full operational capacity and has committed to informing stock exchanges of any further material developments regarding the timeline for complete recovery.

Operational Status Update

The facility located at 778/6, Pramukh Industrial Estate, Sola-Santej Road, Rakanpur, Ta. Kalol, Dist. Gandhinagar, faced significant disruption due to waterlogging. With the water levels now receded, the immediate threat to assets has subsided. However, the phased nature of the resumption indicates that some areas require extensive cleaning and technical inspection before they can safely contribute to output.

Regulatory Disclosure

This update was issued pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Jay Rajendrabha Chavda, Company Secretary and Compliance Officer of Shilp Gravures Limited, signed the disclosure submitted to BSE Limited on July 29, 2026. The filing serves as a continuation of the earlier intimation regarding the temporary disruption.

What the Numbers Show

The five-day gap between suspension and partial resumption highlights the severity of the initial flooding. While the return of utilities is a positive signal, the continued need for recommissioning in heavy machinery sections suggests that full capacity may not be achieved immediately. Investors should monitor subsequent disclosures for updates on the duration of this partial operation phase and any final insurance claim assessments related to the damaged inventory or equipment.

Shilp Gravures Limited shareholders have approved the re-designation of two Executive Directors to Whole-Time Directors and sanctioned an increase in the overall managerial remuneration limit. The resolutions were passed via a postal ballot process concluding on July 7, 2026, with requisite majorities.

Postal Ballot Outcomes

The company sought shareholder approval for three special resolutions. The first two resolutions concerned the change in designation of Mr. Pranav Bhalara (DIN: 03299470) and Mr. Kishor Nanalal Doshi (DIN: 07846262) from Executive Director to Whole-Time Director. Both appointments are for a five-year term from May 23, 2026, to May 22, 2031, and include a revision in remuneration. The third resolution sought approval to increase the overall limit of managerial remuneration payable to all Executive Directors of the company.

Voting Results

The postal ballot process, conducted through remote e-voting, saw strong participation from shareholders. A total of 3,784,100 votes were polled across all resolutions. The scrutinizer for the process was CS Janvi N. Davda, a Practicing Company Secretary.

Remuneration Details

The approvals authorize the Board to alter and vary the terms and conditions of the appointments and remuneration based on the recommendations of the Nomination & Remuneration Committee. The resolutions also provide consent for the payment of remuneration even if the total managerial remuneration exceeds the overall limit specified in Section 197 read with Schedule V of the Companies Act, 2013. The remuneration for the newly designated Whole-Time Directors is capped at ₹2 crore per annum, subject to revision every three financial years.