SHAILY Engineering Plastics Ltd

CERT CERT INDIA

MINIMUM

MINSAP

CIN # L51900GJ1980PLC065554

SEPL/SE/May/26-27

19th May 2026

The General Manager,
Corporate Relations/Listing Department
BSE Limited
Floor 25, P.J. Towers,
Dalal Street,
Mumbai – 400 001
Scrip Code: 501423

The Manager,
Listing Department
National Stock Exchange of India Limited
Exchange Plaza, Plot No. C/1, G Block,
Bandra – Kurla Complex,
Bandra (E),
Mumbai – 400 051
Scrip Code: SHAILY

Sub: Outcome of Board Meeting held on 19th May 2026

Ref: Regulation 30(6) of the SEBI Listing Regulations, 2015

Sir,

This is to inform you that the Board of Directors of the Company in their meeting held on Tuesday, 19th May 2026, inter alia, transacted the following business:

Considered and approved the Audited Standalone & Consolidated Financial Results for the quarter and year ended on 31st March 2026.
The Board has recommended a Final Dividend of Rs. 3/- (150%) per Equity share of Rs. 2/- each) for the year ended 31st March 2026 subject to approval of shareholders in the forthcoming Annual General Meeting.
Considered and approved the appointment of M/s Jain & Hindocha, Chartered Accountants, (Firm Registration Number: 103868W) - Member firm of KKC Network, as the Internal Auditor of the Company for F.Y. 2026-27.

Pursuant to SEBI Circular CIR/CFD/CMD/4/2015 dated September 9, 2015, a brief profile of M/s. Jain & Hindocha, Chartered Accountants is enclosed herewith as Annexure A.

Considered and approved the appointment of M/s YS Thakar & Co, Cost Accountants (Firm Registration Number: 000318) as the Cost Auditor of the Company for F.Y. 2026-27.

Pursuant to SEBI Circular CIR/CFD/CMD/4/2015 dated September 9, 2015, a brief profile of M/s. YS Thakar & Co. is enclosed herewith as Annexure B.

Appointment of Mr. Chi Hung Kam (Mr. Joe Kam), Chief Operating Officer – Healthcare as Key Managerial Personnel (KMP) of the Company, effective from 20th May 2026.

A brief profile of Mr. Chi Hung Kam (Mr. Joe Kam) is enclosed herewith as Annexure C.

The Board has passed an enabling resolution for raising of funds up to ₹ 500 /- Crores in one or more tranche(s), through all or any permissible mode or method, including, private placement, preferential issue, rights issue, Qualified Institution Placement or such other modes as may be permitted under applicable law, subject to necessary regulatory/ statutory approvals and, if applicable, the approval of shareholders of the Company, and approval of ancillary actions in this regard.

SHAILY Engineering Plastics Ltd

CERT CERTIFIED MANAGEMENT SYSTEM

CONFIDENTIAL MINERAL

MINERAL

MINSAPE

CIN # L51900GJ1980PLC065554

Further, the resolution being an enabling resolution, the details required under Regulation 30 of SEBI (LODR) Regulations, 2015 read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023 shall be submitted when the Board decides to raise funds in future in accordance with applicable SEBI Regulations.

The purpose of this fund raise is to augment and build financial flexibility to grow the business and harness various emerging opportunities both within the existing business verticals and an expanding addressable market — spanning proprietary drug delivery devices, consumer electronics, and semiconductor components — as Shaily Engineering Plastics transitions from a precision plastics manufacturer into a diversified, IP-led global manufacturing platform as part of wider Contract manufacturing Industry in India.

Beyond healthcare, Shaily is actively diversifying its revenue base into high-growth, precision-intensive adjacencies. The company is expanding into consumer electronics manufacturing. Complementing this, the company has signed a supply agreement with a Korean firm for the manufacture and supply of semiconductor trays - a strategically significant win that positions Shaily within the global semiconductor supply chain at a time when India is being actively courted as an alternative manufacturing destination under the China-plus-one framework.

Shaily's opportunity is time-sensitive, capital-intensive, and competitively rare. The company is no longer a single-thesis story — it is a precision manufacturing platform with multiple validated growth vectors. An enabling resolution for fund raise, will provide ample flexibility to capitalize on the growing opportunity base for Shaily Engineering Plastics Limited as per of the wider Contract manufacturing industry in existing business verticals and an expanding addressable market.

The Board Meeting commenced at 02:30 p.m. IST and concluded at 04:30 p.m. IST.

Kindly take the same on record.

Thanking You.

Yours Sincerely,

For Shaily Engineering Plastics Limited

Harish Govind Punwani

Digitally signed by
Harish Govind Punwani
Date: 2026.05.19
17:30:18 +05'30'

Harish Punwani
Company Secretary & Compliance Officer
ICSI M. No. A50950

SHAILY Engineering Plastics Ltd

CERT CERT INDIAN RAILWAY

ISO 9001:2015
ISO 14001:2015
OHSAS 18001:2015
MUSAP

CIN # L51900GJ1980PLC065554

Annexure - A

Brief profile of M/s. Jain & Hindocha, Chartered Accountants

Name of the Firm	M/s Jain & Hindocha, Chartered Accountants (Firm Registration Number: 103868W) - Member firm of KKC Network
Reason for change	Appointment
Term	Appointed as the Internal Auditor of the Company for F.Y. 2026-27 w.e.f. 01-04-2026
Brief Profile	M/s Jain & Hindocha, Chartered Accountants bearing Firm Registration No: 103868W was constituted in Year 1987, the Firm is registered with The Institute of Chartered Accountants of India – New Delhi as Jain & Hindocha. The firm provides audit and assurance service, direct and indirect tax support and business consulting. The firm has also been providing client specific tailor-made specialized services in diverse fields. Across the service areas, the firm has dealt with a wide cross section of industrial and service sectors. Firm has commercially and technically experienced human capital for catering to diverse professional services required by clients. The manpower consists of largely multi-disciplined individuals who are supported by sector specific specialists.

M/s Jain & Hindocha, Chartered Accountants has been reviewed and certified under the Peer Review process of the ICAI for the period 2003 to 2027. Apart from that the firm also carries out internal cross-functional reviews of their assignments for ensuring consistency in quality. |

SHAILY Engineering Plastics Ltd

CERT CERT INDUSTRY REGISTERED ISO 9001:2015

MUSAP

CIN # L51900GJ1980PLC065554

Annexure - B

Brief Profile of M/s Y S Thakar, Cost Accountants

Name of the Firm	M/s YS Thakar & Co, Cost Accountants (Firm Registration Number: 000318)
Reason for change	Appointment
Term	Appointed as the Cost Auditor of the Company for F.Y. 2026-27 w.e.f. 01-04-2026.
Brief Profile	YS Thakar & Co. was founded in the year 2004 with firm registration number 000318. The firm has office in the city of Vadodara. The firm is mainly in the field of Cost Accounting, Cost Audit, Product Costing, Profitability Analysis, Establishment of System, Generation and maintenance of MIS, Stock valuation, inventory management, Fixed Asset Management, etc.,

The firm has a vast team consisting of professionals from the field of cost accounting and management. It has carried out audits of various PSUs in the power sector and Coal mining. |

SHAILY
Engineering Plastics Ltd
CERT
ISO 9001:2008
BUREAU VERITAS Certification
BUREAU VERITAS
MURAJI
CIN # L51900GJ1980PLC065554

Annexure – C

Name of the Key Managerial Personal	Mr. Chi Hung Kam (Mr. Joe Kam), Chief Operating Officer – Healthcare
Reason for Change	Appointment
Brief profile	Mr. Chi Hung Kam (Mr. Joe Kam), aged about 57 years, brings more than 20 years of international manufacturing and operational experience in highly regulated and disciplined industries. He has done Executive MBA from The Chinese University, BBA (HR), Master of Automation System & Management, Master of Engineering Management.

He has held senior leadership roles at SHL Medical, most recently as Senior Manufacturing Director responsible for 9 manufacturing sites in Taiwan and USA and at Flextronics as a Plant Manager and Senior Project Manager.

Across his career, Mr. Chi Hung Kam (Mr. Joe Kam) has:
• Led the transformation from manual to fully automated production, delivering substantial capacity and efficiency gains;
• Implemented real-time data monitoring, SPC, and preventive maintenance systems to enhance quality and equipment reliability;
• Driven lean culture and process optimisation across functions to improve productivity and reduce operational costs;
• Gained adequate knowledge and experience in both Financial KPI monitoring and business development. |
| Relationship with the other Director | Mr. Chi Hung Kam (Mr. Joe Kam) is not related to any of the Directors or Key Managerial Personnel or any other relatives. |

B S R and Co
Chartered Accountants
14th Floor, Central B Wing and North C Wing
Nesco IT Park 4, Nesco Center
Western Express Highway
Goregaon (East), Mumbai – 400 063, India
Telephone: +91 (22) 6257 1000
Fax: +91 (22) 6257 1010

Independent Auditor's Report

To the Board of Directors of Shaily Engineering Plastics Limited

Report on the audit of the Standalone Annual Financial Results

Opinion

We have audited the accompanying standalone annual financial results of Shaily Engineering Plastics Limited (hereinafter referred to as the “Company”) for the year ended 31 March 2026, attached herewith, being submitted by the Company pursuant to the requirement of Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (“Listing Regulations”).

In our opinion and to the best of our information and according to the explanations given to us, the aforesaid standalone annual financial results:

a. are presented in accordance with the requirements of Regulation 33 of the Listing Regulations in this regard; and
b. give a true and fair view in conformity with the recognition and measurement principles laid down in the applicable Indian Accounting Standards, and other accounting principles generally accepted in India, of the net profit and other comprehensive loss and other financial information for the year ended 31 March 2026.

Basis for Opinion

We conducted our audit in accordance with the Standards on Auditing (“SAs”) specified under section 143(10) of the Companies Act, 2013 (“the Act”). Our responsibilities under those SAs are further described in the Auditor’s Responsibilities for the Audit of the Standalone Annual Financial Results section of our report. We are independent of the Company, in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the financial statements under the provisions of the Act, and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence obtained by us, is sufficient and appropriate to provide a basis for our opinion on the standalone annual financial results.

Management’s and Board of Directors’ Responsibilities for the Standalone Annual Financial Results

These standalone annual financial results have been prepared on the basis of the standalone annual financial statements.

The Company’s Management and the Board of Directors are responsible for the preparation and presentation of these standalone annual financial results that give a true and fair view of the net profit/loss and other comprehensive income and other financial information in accordance with the recognition and measurement principles laid down in Indian Accounting Standards prescribed under Section 133 of the Act and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial controls, that were operating effectively.

Principal Office
14th Floor, Central B Wing and North C Wing, Nesco IT Park 4, Nesco Center, Western Express Highway, Goregaon (East), Mumbai - 400063
Page 1 of 3

B S R and Co

Independent Auditor's Report (Continued)

Shaily Engineering Plastics Limited

for ensuring accuracy and completeness of the accounting records, relevant to the preparation and presentation of the standalone annual financial results that give a true and fair view and are free from material misstatement, whether due to fraud or error.

In preparing the standalone annual financial results, the Management and the Board of Directors are responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Board of Directors either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so.

The Board of Directors are responsible for overseeing the Company's financial reporting process.

Auditor's Responsibilities for the Audit of the Standalone Annual Financial Results

Our objectives are to obtain reasonable assurance about whether the standalone annual financial results as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these standalone annual financial results.

As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:

Identify and assess the risks of material misstatement of the standalone annual financial results, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under Section 143(3) (i) of the Act, we are also responsible for expressing our opinion through a separate report on the complete set of financial statements on whether the company has adequate internal financial controls with reference to financial statements in place and the operating effectiveness of such controls.
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures in the standalone annual financial results made by the Management and Board of Directors.
Conclude on the appropriateness of the Management's and Board of Directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the appropriateness of this assumption. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the standalone annual financial results or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Company to cease to continue as a going concern.
Evaluate the overall presentation, structure and content of the standalone annual financial results, including the disclosures, and whether the standalone annual financial results represent the underlying transactions and events in a manner that achieves fair presentation.

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.

Page 2 of 3

B S R and Co

Independent Auditor's Report (Continued)

Shaily Engineering Plastics Limited

Other Matter

a. The standalone annual financial results include the results for the quarter ended 31 March 2026 being the balancing figure between the audited figures in respect of the full financial year and the published unaudited year to date figures up to the third quarter of the current financial year which were subject to limited review by us.

For B S R and Co
Chartered Accountants
Firm's Registration No.:128510W

Shabbir Readymadewala
Partner
Membership No.: 100060
UDIN:26100060JXNLCU5848

Vadodara
19 May 2026

Page 3 of 3

| Shelly Engineering Plastics Limited
Regd Office: Survey No.364/366 At & PO Rania,Taluka Sevil Dist;Baroda 391780
Email: [email protected] Website: www.shelly.com
CIN: 051906G1980PLC065554 | | | | | | |
| --- | --- | --- | --- | --- | --- | --- |
| Statement of audited Standalone financial results for the quarter and year ended March 31, 2026 | | | | | | |
| Sr.
No. | Particulars | For quarter ended | | | For the year ended | |
| | | March 31, 2026 | December 31, 2025 | March 31, 2025 | March 31, 2026 | |
| | | (Audited)
refer note 3 | (Unaudited) | (Audited)
refer note 3 | (Audited) | |
| I | Income | | | | | |
| II | Revenue from operations | | 22,406.64 | 23,642.04 | 20,328.41 | 92,119.81 |
| III | Other income | | 1,365.30 | 19.50 | 454.26 | 1,788.49 |
| IV | Total Income | | 23,771.94 | 23,661.54 | 20,782.67 | 93,908.30 |
| II | Expenses | | | | | |
| III | Cost of materials consumed | | 8,919.99 | 10,811.55 | 10,816.92 | 42,742.15 |
| IV | Changes in inventories of finished goods and work-in-progress | | 771.58 | (409.22) | (801.05) | (976.31) |
| V | Power and fuel | | 769.56 | 797.29 | 718.70 | 3,285.38 |
| VI | Employee benefits expense | | 2,515.70 | 2,287.34 | 1,973.76 | 8,910.84 |
| VII | Finance costs | | 360.64 | 438.09 | 392.01 | 1,577.50 |
| VIII | Depreciation and amortisation | | 1,193.12 | 1,165.78 | 1,035.16 | 4,536.64 |
| IX | Other expenses | | 3,147.11 | 3,794.21 | 2,334.14 | 12,646.58 |
| IX | Total expenses | | 17,677.69 | 18,885.04 | 16,969.65 | 72,722.78 |
| IV | Profit Before Tax (I - II) | | 6,094.24 | 4,776.50 | 3,813.02 | 21,185.52 |
| IV | Tax expense | | | | | |
| V | Current Tax | | 776.62 | 942.17 | 886.96 | 4,141.58 |
| VI | Deferred Tax | | 449.47 | 270.68 | (26.61) | 911.90 |
| VII | Total tax expense | | 1,226.10 | 1,212.85 | 860.35 | 5,053.48 |
| V | Net Profit after tax (III-IV) | | 4,868.14 | 3,563.65 | 2,952.67 | 16,132.04 |
| VI | Other Comprehensive Income (OCI) | | | | | |
| VII | (I) Items that will not be reclassified to profit or loss | | (50.43) | (355.96) | (0.26) | (428.61) |
| VIII | (II) Income tax relating to items that will not be reclassified to profit or loss | | 12.69 | 89.59 | 0.06 | 107.88 |
| IX | (III) Items that will be reclassified to profit or loss | | - | - | 1.67 | 0.75 |
| VIII | (IV) Income tax relating to items that will be reclassified to profit or loss | | - | - | (0.42) | (0.19) |
| VIII | Total Other Comprehensive Income / (Loss) | | (37.74) | (266.37) | 1.05 | (320.17) |
| IX | Total Comprehensive Income for the period (V+VI) | | 4,830.41 | 3,297.28 | 2,953.72 | 15,811.87 |
| VIII | Paid-up Equity Share Capital (Face Value of ¶ 2/- per Equity Share) | | 919.10 | 919.10 | 919.10 | 919.10 |
| IX | Other Equity excluding Revaluation Reserve | | | | | 64,026.81 |
| X | Earnings Per Share (EPS) of ¶ 2/- each (not annualised for quarter) | | | | | |
| X | Basic (¶) | | 10.59 | 7.73 | 6.43 | 35.10 |
| X | Diluted (¶) | | 10.54 | 7.73 | 6.41 | 34.97 |

Shally Engineering Plastics Limited Regd Office: Survey No.364/366 At & PO Rania, Taluka Savli Dist; Baroda 391780 Email: [email protected] Website: www.shally.com CIN: L5190DG1980PLC065554
Standalone Statement of Assets and Liabilities			(in ¥ lakhs)
A	Particulars	As at 31st March, 2026	As at 31st March, 2025
		(Audited)	(Audited)
1	ASSETS
1	Non-current assets
	a) Property, plant and equipment	57,188.94	45,763.79
	b) Capital work-in-progress	2,880.26	1,735.96
	c) Right-of-use asset	116.16	48.70
	d) Intangible assets	1,782.39	1,904.20
	e) Intangible assets under development	69.72	32.31
	f) Financial assets
	I. Investments	1,148.61	1,125.23
	II. Other financial assets	46.99	47.74
	g) Income tax assets (net)	130.51	148.05
	h) Other non-current assets	4,195.12	2,389.95
	Total non-current assets	67,540.70	53,195.93
2	Current assets
	a) Inventories	15,078.30	13,775.63
	b) Financial assets
	I. Trade receivables	18,184.46	14,812.42
	II. Cash and cash equivalents	298.97	440.82
	III. Bank balances other than cash and cash equivalents above	437.96	405.43
	iv. Loans	1,016.94	34.28
	v. Other financial assets	23.08	31.54
	c) Other current assets	4,530.32	4,368.20
	Total current assets	39,570.03	33,868.32
	TOTAL ASSETS	107,110.73	87,064.25
B	EQUITY AND LIABILITIES
1	Equity
	a) Equity share capital	919.10	919.10
	b) Other equity	64,026.81	48,702.75
	TOTAL EQUITY	64,945.91	49,621.85
2	LIABILITIES
	Non-current liabilities
	a) Financial liabilities
	I. Borrowings	2,734.56	4,005.86
	II. Lease Liability	90.03	14.53
	b) Provisions	499.37	393.90
	c) Deferred tax liabilities (Net)	3,067.99	2,263.97
	d) Other non-current liabilities	4.54	6.34
	Total non-current liabilities	6,396.49	6,684.60
3	Current liabilities
	a) Financial liabilities
	I. Borrowings	14,668.77	14,761.83
	II. Lease Liability	26.33	39.72
	III. Trade payables
	(a) total outstanding dues of micro enterprises and small enterprises	1,919.76	1,394.88
	(b) total outstanding dues of creditors other than micro enterprises and small enterprises	6,518.08	8,192.84
	iv. Other financial liabilities	2,219.98	1,254.55
	b) Other current liabilities	9,352.02	3,764.75
	c) Provisions	890.51	708.64
	d) Current tax liabilities (Net)	172.88	440.79
	Total current liabilities	35,768.33	30,757.80
	TOTAL LIABILITIES	42,164.82	37,442.40
	TOTAL EQUITY AND LIABILITIES	107,110.73	87,064.25

100% of the above

Shally Engineering Plastics Limited
Regd Office : Survey No.364/366 At & PO Ranis,Taluka Savli Dlstr,Baroda 38178D
Email : [email protected] Website : www.shally.com
CIN : 15190DG1198DPLCD65554
(in € lakhs)
Statement of Standalone Cash Flows for the year ended 31st March 2026
Particulars	For year ended 31st March, 2026 (Audited)	For year ended 31st March, 2025 (Audited)
A Cash flow from operating activities
Profit before tax	21,185.52	9,465.81
Adjustments for:
Depreciation and amortization expense	4,536.64	3,941.50
(Gain) on sale of property, plant and equipment	(3.72)	(5.29)
Interest income	(56.37)	(66.82)
Interest component on account of fair valuation of loan	(21.29)	(61.18)
Provision of slow and non moving inventory	185.76	200.00
Finance costs	1,577.50	1,694.62
Allowance for expected credit losses (impairment loss)	17.66	(107.98)
Mark to Market Gain on Derivative Contracts	16.16	138.41
Net unrealised exchange gain	(1,094.18)	(548.46)
ESOP expense	431.28	-
Sundry balances written off/ written back	-	(0.62)
Dividend income	(979.19)	(511.58)
Provision for doubtful advances to supplier	(3.76)	(8.82)
Operating profit before working capital changes	25,790.01	14,129.60
Adjustments for:
(Increase) in trade receivables	(3,389.70)	(3,529.76)
(Increase) in other receivables and advances	(151.60)	(873.36)
(Increase) in loans	(5.31)	-
(Increase) in inventory	(1,486.44)	(5,615.27)
(Increase) / Decrease in other financial assets	(1.26)	17.49
(Decrease) / increase in trade payables	(255.49)	3,619.18
Increase in other financial liabilities	89.88	-
Increase in other liabilities and provisions	5,436.96	3,327.06
Cash generated from operations	26,027.05	11,074.94
Taxes paid (net of refunds)	(4,381.94)	(1,513.87)
Net cash generated from operating activities	21,635.11	9,561.08
B Cash flow from investing activities
Payment for purchases of property, plant and equipment (including capital advances and capital creditors)	(17,697.99)	(8,663.43)
Payment for purchases of intangible assets and intangible assets under development (including Capital advances and Capital creditors)	(266.74)	(250.01)
Proceeds from disposal of property, plant and equipment	38.61	10.59
(Acquisition) / proceeds from investment in subsidiary	(23.38)	937.40
Interest received	64.07	70.24
Dividend received	976.19	511.58
Loan given to Subsidiary (Shally innovations F2CO)	(977.34)	-
Proceeds / (Investment) from fixed deposit	(16.36)	8.68
Net cash flow used in investing activities	(17,899.94)	(5,374.95)
C Cash flow from financing activities
Repayment of long term borrowings	(1,271.30)	(3,822.86)
Proceeds from working capital loans (net)	(93.06)	1,798.55
Issue of equity shares on exercise of option by employees	-	1.75
Principal payment of lease liabilities	(31.55)	(44.37)
New lease liability added	-	22.02
Dividend paid	(902.93)	(459.04)
Finance costs paid	(1,578.17)	(1,683.26)
Net cash flow (used in) from financing activities	(3,877.01)	(4,187.21)
D Net increase in cash and cash equivalents	(141.84)	(1.09)
Cash & cash equivalents as at beginning of the year	440.82	441.91
Cash & cash equivalents as at end of the year	298.97	440.82
Reconciliation of cash & cash equivalents as per cash flow statement :
Cash & cash equivalents comprise :
a) Balances with banks
In current accounts	209.24	0.21
In EEFC accounts	85.58	437.44
b) Cash on Hand	4.15	3.17
Total	298.97	440.82

The above Statement of Standalone Cash Flows has been prepared under the "Indirect Marking" as set out in the Ind AS 74th Statement of Cash Flows.

100000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000

Shally Engineering Plastics Limited

Regd Office : Survey No.364/366 At & PO Rania,Taluka Savli Dist;Baroda 391780

Email: [email protected] Website: www.shally.com

CIN: L5190DGJ1980PLC065554

Notes:

The above Standalone financial results have been reviewed by the Audit Committee and approved by the Board of Directors of the Company in their respective meetings held on May 19, 2026. The Statutory Auditors of the Company have issued unmodified report on above results.
The above Standalone financial results of the Company have been prepared in accordance with applicable accounting standards, i.e., Indian Accounting Standards ('Ind AS') prescribed under Section 133 of the Companies Act, 2013 (the "Act") read with relevant rules issued thereunder and in terms of Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015 (Listing Regulations), as amended.
The figures of quarter ended 31 March 2026 and 31 March 2025 are the balancing figure between audited figures in respect of full financial year and the limited reviewed published year to date figures up to third quarter of respective financial year.
During the year ended March 31, 2025, the Company has allotted 87,583 equity shares (quarter ended March 31, 2025 2,416 equity shares) of ₹ 2/- each to eligible employees upon exercise of Option under the Company's ESOP Plan 2019. Pursuant to this allotment, the paid up equity share capital of the Company has increased from 45,867,310 equity shares of ₹ 2/- each to 45,955,093 equity shares of ₹ 2/- each.
On 21 November 2025, the Government of India notified the four Labour Codes - the Code on wages, 2019, the Industrial Relations Code, 2020, the Code on Social Security, 2020, and the Occupational Safety, Health and Working Conditions Code, 2020 (collectively referred to as New Labour Codes) - consolidating 29 existing labour laws. The Ministry of Labour & Employment published draft Central Rules and FAQs to enable assessment of the financial impact due to changes in regulations. The Company has reassessed its employee benefit obligations in accordance with the revised definition of wages and FAQs issued by The Ministry of Labour & Employment. Accordingly, an incremental liability of ₹ 90 lakhs towards gratuity has been recognised during the quarter and nine months ended 31 December 2025. The Company continues to monitor the finalisation of Central / State Rules and clarifications from the Government on other aspects of the Labour Code and would provide appropriate accounting effect on the basis of such developments as needed.
In accordance with 'Ind AS 108 - Operating Segments', the Company operates in one business segment i.e. 'Manufacturing of customised components of plastic and other materials'.
The Board has recommended dividend of ₹ 3 (150%) per fully paid up equity share of face value of ₹ 2 each for the year ended March 31, 2026. The payment of dividend is subject to approval of the shareholders in the ensuing AGM of the Company.

Place: Vadodara

Date: May 19, 2026

For and on Behalf of the Board of Directors

Shally Engineering Plastics Limited

CIN: L5190DGJ1980PLC065564

Mahendra Sanghvi

Executive Chairman

DIN: 040001

Independent Auditors Report

To the Board of Directors of Shaily Engineering Plastics Limited