Key Resolutions Approved

Three special resolutions were approved by shareholders through postal ballot process:

1. Change in designation of Mr. Pranav Bhalara (DIN: 03299470) from "Executive Director" to "Whole-Time Director" for the period from May 23, 2026, to May 22, 2031, with revised remuneration not exceeding ₹2,00,00,000 (Rupees Two Crore Only) per annum

2. Change in designation of Mr. Kishor Nanalal Doshi (DIN: 07846262) from "Executive Director" to "Whole-Time Director" for the period from May 23, 2026, to May 22, 2031, with revised remuneration not exceeding ₹2,00,00,000 (Rupees Two Crore Only) per annum

3. Increase and approval of overall limit of managerial remuneration to all Executive Directors of the Company for a period of three years commencing from April 1, 2026

Voting Process Details

  • Voting Period: June 6, 2026 (9:00 AM IST) to July 7, 2026 (5:00 PM IST)
  • Cut-off Date: May 29, 2026
  • Total Members: 5,575
  • Voting Method: Remote e-voting through CDSL platform (www.evotingindia.com)
  • Scrutinizer: CS Janvi N. Davda, Practicing Company Secretary

Voting Results

Resolution 1 (Pranav Bhalara Designation Change):

  • Votes in Favor: 37,83,972 shares (100% of valid votes)
  • Votes Against: 128 shares (0.00% of valid votes)
  • 34 members voted in favor, 4 members voted against

Resolution 2 (Kishor Doshi Designation Change):

  • Votes in Favor: 37,83,972 shares (100% of valid votes)
  • Votes Against: 128 shares (0.00% of valid votes)
  • 34 members voted in favor, 4 members voted against

Resolution 3 (Managerial Remuneration Limit Increase):

  • Votes in Favor: 37,83,852 shares (99.99% of valid votes)
  • Votes Against: 248 shares (0.01% of valid votes)
  • 32 members voted in favor, 6 members voted against

Scrutinizer Report Details

  • Scrutinizer appointed by Board of Directors in meeting held on May 23, 2026
  • E-voting results unblocked on July 7, 2026 at 5:09 PM in presence of two witnesses: Ms. Monal Makwana and Ms. Vishwa Patel
  • No invalid votes recorded for any resolution
  • Advertisement published in The Indian Express (English) and The Financial Express (Gujarati) on June 5, 2026

Additional Information

Voting results and scrutinizer's report available on company website (www.shilpgravures.com) and CDSL website (https://www.evotingindia.com)