Shaily Engineering Plastics Ltd. — Board/Management Information 2023

Sep 2, 2023

==> picture [447 x 99] intentionally omitted <==

SEPL/SE/Sep/23-24 September 02, 2023

The General Manager, The Manager, Corporate Services/Listing Department Listing Department BSE Limited National Stock Exchange of India Limited Floor 25, P.J. Towers, Exchange Plaza, Plot No. C/1, G Block, Dalal Street, Mumbai – 400 001 Bandra – Kurla Complex, Scrip Code: 501423 Bandra (E), Mumbai – 400 051 Scrip Code: SHAILY

Sub.: Outcome of Board Meeting held on September 02, 2023

Ref.: Board Meeting intimation dated August 16, 2023

Sir,

Pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ( "SEBI Listing Regulations" ), we hereby inform you that the Board of Directors of the Company, at its Meeting held today, i.e., 2[nd] September 2023, has inter alia , considered and unanimously approved the following.

• a) Sub-division / Split of existing Equity Share of the Company from one (1) equity share having a face value of ₹10/- each fully paid-up into five (5) Equity Shares of face value of ₹2/- (Rupees Two only) each fully paid-up. The Record Date for such Sub-division /Split of equity shares will be intimated in due course.

• b) Alteration of the Capital Clause i.e., Clause V of the Memorandum of Association of the Company ( “MoA” ).

subject the approval of the Shareholders of the Company in the forthcoming 43[rd] Annual General Meeting of the Company.

The Notice of the 43[rd] Annual General Meeting and other required details will be provided in due course to the exchange.

Further, we are enclosing herewith the following in terms of Section V-A of Chapter V of SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/2023/120 dated July 11, 2023, read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023;

1. Details of Sub-division / Split of Equity Shares as Annexure – A; and

2. Brief of alteration in the MoA as Annexure – B.

The meeting of the Board of Directors of the Company commenced at 12:40 P.M. and concluded at 01:00 P.M.

Page 1 of 4

==> picture [447 x 99] intentionally omitted <==

Kindly take the same on record.

Thanking You.

Yours truly, For Shaily Engineering Plastics Limited

DIMPLE Digitally signed by DIMPLE ASHWINBHAI MEHTA DN: c=IN, o=PERSONAL, title=8748, pseudonym=28dd610549b34b4aadfc7aa64744d799, 2.5.4.20=1d1ed0723db621091a253decb769954c33020928 ASHWINBHAI 4ee0d9f45202148baf7a44fb, postalCode=390012, st=Gujarat, serialNumber=be901a7b4cfd5ff4b6e3310581e678582e8fc MEHTA ab3536586c4a365ba53eccbf1a6, cn=DIMPLE ASHWINBHAI MEHTA Date: 2023.09.02 13:04:58 +05'30'

Dimple Mehta Company Secretary M. No. A31582

CC To:

National Securities Depository Ltd.

4th Floor, “A” Wing, Trade World, Kamala Mills Compound, Senapati Bapat Marg, Lower Parel (West), Mumbai 400013

Central Depository Services (India) Limited

16th Floor, P.J. Towers, Dalal Street, Fort, Mumbai 400001

Bigshare Services Pvt. Ltd

Office No S6-2, 6th floor Pinnacle Business Park, Next to Ahura Centre, Mahakali Caves Road, Andheri (East) Mumbai – 400093, Maharashtra, India.

Page 2 of 4

==> picture [447 x 99] intentionally omitted <==

Annexure-A

Details of Sub-division / Split of Equity shares

==> picture [446 x 418] intentionally omitted <==

----- Start of picture text -----

1. Split Sub-division of existing 1 (One) Equity Share of face value of ₹10/- each fully
Ratio paid up into 5 (Five) Equity Shares of ₹ 2/- (Rupees Two only) each fully paid.
2. Rationale  To increase the floating number of shares in the hands of public
behind shareholders.
the Split  To enhance the liquidity of shares, &
of equity  To encourage the participation of small investors by making the price more
Shares affordable.
3. Pre and Post Share Capital Structure
Pre-Split / Sub-division of Equity Post-Split / Sub-division of Equity
shares shares
Type of Capital No. of Face Total Shares No. of Face Total Shares
Shares Value Capital (₹) Shares Value Capital (₹)
(₹) (₹)
Authorised Share 1,60,00,000 10 16,00,00,000 1,60,00,000 10 16,00,00,000
Capital
Issued, Subscribed and 91,73,502 10 9,17,35,020 4,58,67,510 2 9,17,35,020
Paid-up Capital
4. Expected time of completion Within 3 months from approval of the
shareholders and subject to necessary
approvals.
5. Class of shares which are subdivided Equity Shares
6. Number of shares of each class pre- and post- As per point 3 above
split
7. Number of shareholders who did not get any Not Applicable
shares in consolidation and their pre-
consolidation shareholding
----- End of picture text -----

Page 3 of 4

==> picture [447 x 99] intentionally omitted <==

Annexure-B

Brief of alteration in the Memorandum of Association of the Company:

The Board of Directors of the Company at its Meeting held on 2[nd] September 2023, subject to the approval of the members, approved the alteration of the Capital Clause i.e., Clause V of the Memorandum of Association of the Company to be substituted by the following:

V. The Authorised share capital of the Company is ₹ 16,00,00,000/- (Rupees Sixteen Crores only) comprising of 4,58,67,510 (Four Crores Fifty-Eight Lakhs Sixty-Seven Thousand Five Hundred Ten only y) Equity Shares of ₹ 2/- (Rupees Two only) each”

Page 4 of 4