Shilp Gravures Limited has issued an official postal ballot notice dated December 10, 2025, seeking shareholder approval for the appointment of Ms. Jinal Hasmukhbhai Rupani as Non-Executive Independent Director. The company, with CIN L27100GJ1993PLC020552 and BSE scrip code 513709, had previously announced her appointment by the Board of Directors on November 4, 2025, subject to shareholder approval.

Postal Ballot Process Details

The company has engaged Central Depository Services (India) Limited (CDSL) to facilitate the remote e-voting process. The postal ballot notice will be sent electronically to all members whose email addresses are registered with the company as of the cut-off date of December 5, 2025.

E-Voting Schedule:

Director Appointment Details

Ms. Jinal Hasmukhbhai Rupani's appointment as Additional Independent Director was recommended by the Nomination and Remuneration Committee and approved by the Board of Directors on November 4, 2025. The appointment requires approval through a Special Resolution by shareholders.

Key Appointment Information:

Professional Background and Expertise

Ms. Rupani brings significant expertise to the Board with her background as a commerce graduate from Saurashtra University and qualification as a Chartered Accountant. She holds certificates of Junior Associate of the Indian Institute of Bankers (JAIIB) and Certified Associate of the Indian Institute of Bankers (CAIIB) from the Indian Institute of Banking and Finance (IIBF).

She currently serves on the boards of other listed companies, including Rajoo Engineers Limited, where she holds positions on various committees including the Audit Committee, Nomination and Remuneration Committee, and Risk Management Committee.

Regulatory Compliance

The postal ballot process complies with Section 108 and Section 110 of the Companies Act, 2013, along with relevant MCA circulars and SEBI regulations. The company has appointed CS Janvi N Davda as the Scrutinizer to conduct the voting process in accordance with legal requirements.

The results of the postal ballot will be declared within two working days after the e-voting period ends and will be communicated to BSE and displayed on the company's website. If approved by the requisite majority, the resolution will be deemed passed on January 12, 2026.

Shilp Gravures , a leading player in the gravure roller manufacturing industry, has announced strong financial results for the first quarter, alongside significant changes in its board composition.

Financial Highlights

The company's unaudited financial results for Q1 showcase a notable improvement in both standalone and consolidated performance:

Shilp Gravures witnessed a robust growth in its revenue from operations, with standalone figures rising by 7.92% year-over-year to Rs. 2,249.41 lakhs. The consolidated revenue showed an even stronger performance, increasing by 8.99% to Rs. 2,483.14 lakhs.

The company's profitability saw significant improvement, with standalone profit before tax surging by 32.09% to Rs. 541.61 lakhs. On a consolidated basis, the profit before tax jumped by 36.31% to Rs. 513.82 lakhs.

Net profit for the quarter also showed positive growth. Standalone net profit increased by 2.24% to Rs. 390.95 lakhs, while consolidated net profit rose by 6.05% to Rs. 370.42 lakhs.

The company's earnings per share (EPS) reflected this growth, with standalone EPS increasing from Rs. 6.22 to Rs. 6.36, and consolidated EPS rising from Rs. 5.68 to Rs. 6.02.

Segment Performance

Shilp Gravures operates in three reportable segments:

1. Gravure rollers manufacturing
2. Power generation
3. Others

The gravure rollers segment, which is the company's primary business, showed strong performance with revenue of Rs. 2,110.78 lakhs on a standalone basis and Rs. 2,344.51 lakhs on a consolidated basis for Q1.

Board Changes and Director Resignation

In a separate development, Mrs. Monica Kanuga has resigned from her position as Non-Executive Director of Shilp Gravures, effective from the close of business hours on August 7. Mrs. Kanuga cited changes in management and promoters as the reason for her departure after an association of more than two decades with the company.

Following this resignation, the Board of Directors has approved the reconstitution of the Nomination & Remuneration Committee and Stakeholder Relationship Committee to ensure compliance with SEBI regulations.

Management Commentary

While specific management commentary was not provided in the available data, the strong financial results indicate that Shilp Gravures has maintained its growth trajectory despite challenging market conditions.

The company's ability to increase revenue and profitability across both standalone and consolidated operations suggests effective cost management and possibly increased market share in the gravure roller manufacturing sector.

As Shilp Gravures continues to navigate the evolving business landscape, investors and stakeholders will be keen to see how the company builds on this positive start to the fiscal year and addresses the recent changes in its board composition.

Note: All financial figures are based on the unaudited financial results for the quarter as approved by the Board of Directors on August 7.