Shaily Engineering Plastics Limited has been honored with the prestigious Top 50 Innovative Company award from the Confederation of Indian Industry (CII), marking a significant recognition of the company's innovation excellence. The company announced this achievement through a regulatory filing under Regulation 30 of SEBI LODR 2015 on December 19, 2025.

Award Recognition Details

The recognition comes through the CII Industrial Innovation Awards 2025 program, which identifies and celebrates companies demonstrating exceptional innovation capabilities across Indian industries. The award certificate was issued in December 2025, formally acknowledging Shaily Engineering Plastics Limited's position among India's most innovative companies.

CII Industrial Innovation Awards 2025

The CII Industrial Innovation Awards represent one of India's most respected recognition programs for corporate innovation excellence. The awards are overseen by distinguished industry leaders including Mr. Vipin Sondhi, Mr. Alok Nanda, and Prof. Rishikesha T Krishnan as Co-Chairmen, along with Dr. Ashish Mohan, Executive Director for Technology, Innovation & IP at CII.

Regulatory Compliance

The company has duly informed both major stock exchanges about this recognition. The notification was sent to BSE Limited and National Stock Exchange of India Limited, ensuring full compliance with regulatory disclosure requirements. Company Secretary and Compliance Officer Harish Punwani signed the regulatory communication, emphasizing the company's commitment to transparent stakeholder communication.

Innovation Excellence Recognition

This award underscores Shaily Engineering Plastics Limited's commitment to innovation excellence within the engineering plastics sector. The CII recognition validates the company's efforts in developing innovative solutions and maintaining high standards of technological advancement in its operations and product offerings.

Promoter Amit Mahendra Sanghvi has submitted a revised disclosure to BSE Limited regarding his recent share disposal in Shaily Engineering Plastics Limited . The revision, dated December 16, 2025, addresses discrepancies identified by the exchange's listing compliance team regarding the mode of disposal for his earlier transaction.

Disclosure Correction Details

Sanghvi had originally submitted a disclosure on November 15, 2025, under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, following his disposal of 1,00,000 equity shares. However, BSE's listing compliance team identified that the mode of acquisition/sale was not properly specified in the original filing.

Transaction Specifics

The revised disclosure confirms that the disposal of 1,00,000 shares was conducted through open market sale on November 4, 2025. This transaction resulted in a reduction of Sanghvi's shareholding from 2.84% to 2.62% of the company's total share capital.

Shareholding Structure Impact

The disposal represents a minor adjustment in the promoter's stake, with Sanghvi maintaining his position as a significant stakeholder in the company. The total equity share capital of Shaily Engineering Plastics remains at ₹9.19 crores, comprising 4,59,55,093 equity shares of ₹2 each.

Regulatory Compliance

The submission of the revised disclosure demonstrates adherence to regulatory requirements under SEBI's substantial acquisition and takeover regulations. The correction ensures complete transparency regarding the nature of the share disposal transaction, providing clarity to market participants and regulatory authorities.

This administrative correction maintains the accuracy of corporate disclosures while ensuring compliance with exchange listing requirements and SEBI regulations governing substantial shareholding changes.