Shish Industries has approved the amalgamation of its two wholly owned subsidiaries, Shish Polylam Private Limited and Shish Global Solutions Private Limited, into the parent company. The board meeting held on September 23, 2026, sanctioned the composite scheme to streamline the corporate structure.

The proposal falls under sections 230 to 232 of the Companies Act, 2013. The scheme involves the transfer of all assets, liabilities, rights, and obligations from the subsidiaries to Shish Industries. The move aims to consolidate operations under a single entity, enhancing operational efficiency and simplifying compliance requirements.

Regulatory Approvals

The Board authorised all necessary actions incidental to the scheme, including filings before the National Company Law Tribunal (NCLT), Ministry of Corporate Affairs, Registrar of Companies, SEBI, and stock exchanges. The amalgamation is subject to final sanction by the NCLT, Ahmedabad Bench, and other applicable statutory approvals.

In compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company informed BSE Limited of the outcome. The disclosure was issued by Satishkumar Dayabhai Maniya, Chairman and Managing Director. Details required under the SEBI Master Circular dated January 30, 2026, were enclosed as an annexure to the filing.

Trading Window Status

The trading window for designated persons and their immediate relatives had been closed since September 19, 2026. This restriction remains in effect until 48 hours after the public announcement of the board meeting outcome. This measure aligns with the SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's Code of Conduct.

Corporate Profile

Shish Industries operates as a manufacturer of P.P. Hollow Sheet and Air bubble film. The company is registered in Gujarat with its factory located in Surat. The amalgamation process involves shareholders and creditors of the respective entities, aiming to create a unified corporate entity.

Shish Industries has authorised its Key Managerial Personnel to determine materiality and make disclosures to stock exchanges. The board approved the intimation on September 11, 2026.

The company notified BSE Limited of the appointments in compliance with Regulation 30(5) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The authorisation is effective from September 11, 2026.

Key Managerial Personnel

Mr. Jehan Sairus Kasad, Chief Financial Officer, is authorised to determine the materiality of events or information. His contact number is +91 99251 70407, and his email is compliance@shishindustries.com .

Mrs. Suman Mohanlal Jat, Company Secretary and Compliance Officer, is authorised to make disclosures of material events or information.

Satishkumar Maniya, Chairman and Managing Director, signed the communication. The details are available on the company website.