Shaily Engineering Plastics Announces 46th AGM on Sep 28, 2026; To Consider Dividend
Shaily Engineering Plastics Limited will hold its 46th AGM on September 28, 2026. The agenda includes adopting FY26 financial statements and considering a ₹3 per share dividend for FY26. The company also plans to seek approval for raising up to ₹500 crore through securities issuance and re-appointments of directors.
The AGM agenda includes several important items such as dividend declaration, director re-appointments, and a significant fundraising resolution of up to ₹500 crore, which could have a medium-term impact on the company's financial structure and operations.
The announcement is primarily procedural, detailing the agenda for the upcoming AGM. While it includes the declaration of dividend and a fundraising resolution, there are no immediate financial results or significant business updates that would strongly sway the sentiment.
Shaily Engineering Plastics Limited (SEPL) has announced its 46th Annual General Meeting (AGM) scheduled to be held on Monday, September 28, 2026, at 11:00 AM IST via Video Conferencing (VC) / Other Audio-Visual Means (OAVM). The meeting will include the adoption of audited standalone and consolidated financial statements for the financial year ended March 31, 2026. A key agenda item is the consideration and potential declaration of a dividend of ₹3 per equity share (150%) for the financial year 2025-26.
Furthermore, the AGM will address the re-appointment of Mr. Mahendra Sanghvi as a director liable to retire by rotation. Special business includes the ratification of remuneration for the Cost Auditors for FY 2026-27, amounting to ₹1,50,000 per annum plus applicable taxes. The meeting will also seek member approval for a change in remuneration for Ms. Kinjal Bhavsar, Managing Director of its UK subsidiary, Shaily Innovations Limited, effective April 1, 2026. Basic salary will be GBP 240,000 per annum, with additional perquisites and allowances.
Another significant item is the proposed re-appointment of Mr. Amit Mahendra Sanghvi as Managing Director for a period of five years, effective October 1, 2026, though he will not draw remuneration from SEPL. The company is also seeking an enabling resolution to raise funds up to ₹500 crore through the issue of securities, including equity shares, convertible securities, or debentures, via methods such as rights issue, preferential issue, or QIP.
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Shaily Engineering Plastics Limited filed this with the NSE as a statutory disclosure, categorised under agm. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Shaily Engineering Plastics Limited. Read the original for the full detail.