Shilp Gravures Strengthens Leadership with Key Appointments

Shilp Gravures Limited , a company listed on the Bombay Stock Exchange (BSE: 513709), has announced significant changes to its leadership team, effective November 4, 2025. The company's Board of Directors, acting on recommendations from the Nomination and Remuneration Committee, has made two key appointments that aim to enhance its corporate governance and compliance functions.

New Independent Director Appointment

Ms. Jinal Hasmukhbhai Rupani has been appointed as an Additional Independent Director in the category of Non-Executive Director. Her appointment is for a term of five consecutive years, subject to shareholder approval.

Key Details of Ms. Rupani's Appointment:

Aspect	Details
Name	Ms. Jinal Hasmukhbhai Rupani
DIN	11029766
Position	Additional Non-executive Independent Director
Effective Date	November 4, 2025
Term	Five consecutive years (subject to shareholder approval)
Educational Background	Commerce graduate from Saurashtra University, Chartered Accountant
Additional Certifications	JAIIB and CAIIB from Indian Institute of Banking and Finance (IIBF)
Experience	Over a decade in consultancy, finance, and banking
Relationship with other directors	Not related to any director of the company
Regulatory Compliance	Not debarred from holding directorship by SEBI or any other authority

New Company Secretary and Compliance Officer

In addition to Ms. Rupani's appointment, the company has also named Mr. Jay Rajendrabhai Chavda as its new Company Secretary and Compliance Officer, designated as a Key Managerial Personnel.

Key Details of Mr. Chavda's Appointment:

Aspect	Details
Name	Mr. Jay Rajendrabhai Chavda
Membership No.	A63127
Position	Company Secretary & Compliance Officer (Key Managerial Personnel)
Effective Date	November 4, 2025
Professional Qualification	Associate member of the Institute of Company Secretaries of India (ICSI)
Educational Background	Law and Commerce graduate from recognized universities
Experience	More than five years in corporate law and secretarial practices

These appointments come as part of Shilp Gravures' efforts to strengthen its corporate governance structure and ensure compliance with regulatory requirements. The diverse experience and qualifications of both Ms. Rupani and Mr. Chavda are expected to contribute significantly to the company's leadership team.

The appointments have been disclosed in compliance with Regulation 30 read with Part A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Shareholders and market participants will be watching closely to see how these new additions to the leadership team influence the company's future direction and governance practices.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-2.12%	-3.64%	-14.20%	-13.72%	+31.77%	+188.88%

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:

Particulars (in Rs. lakhs)	Standalone Q1	Standalone Q1	YoY Change	Consolidated Q1	Consolidated Q1	YoY Change
Revenue from Operations	2,249.41	2,084.37	7.92%	2,483.14	2,278.43	8.99%
Profit Before Tax	541.61	410.02	32.09%	513.82	376.94	36.31%
Net Profit	390.95	382.37	2.24%	370.42	349.29	6.05%
EPS (Basic & Diluted)	6.36	6.22	2.25%	6.02	5.68	5.99%

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:

Gravure rollers manufacturing
Power generation
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.