Shaily Engineering Plastics Limited at its board meeting held on November 7, 2023 appointed Mr. Sanjay Shah as Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) of the Company, effective from 7th November 2023. Mr. Sanjay Shah has been with Shaily Engineering Plastics Limited for over 30+ years having handled various portfolios like CFO, CSO and Vice President ­ Finance during his tenure. Mr. Sanjay Shah is a commerce graduate from Mumbai University.

He has contributed immensely to Shaily's success. He has played a key role in new business development, investor relations and business structuring. While his achievements are many, some have really shaped the organizations future.

He was instrumental in securing home furnishing business from Swedish Home Furnishing major and has managed that relationship till today. He is also being instrumental in exploring Toys segment for the Company. He has navigated Shaily through the difficult times and has always found ways to raise funds when required.

He has also been a major contributor towards explaining the Shaily's' strategy to the Investor community which along with good performance has helped Shaily to become more than INR 10,000 million company by market capitalization. Considering his long-term association with the Company and his competence in financial and operational matters it is proposed to offer Mr. Shah an additional profile of Chief Financial Officer along with his existing profile of Chief Strategy Officer which he is being managing since April 1, 2018. As a CFO he will be responsible for leading all finance, accounts, EXIM and other commercial activities.

Apart from his day-to-day accounts and finance responsibilities, his role will also include monitoring of business performance, managing cash flows, strategic financial planning and ensuring compliance with budgetary targets. He will also be a key player in setting up processes and systems that are in-line with Shaily's growth targets.