SHAILY : SETS UP ABU DHABI WOS WITH AED 1 MN INITIAL SUBSCRIPTION

• Wholly owned subsidiary Shaily Medtech Devices Manufacturing Ltd incorporated in Abu Dhabi, UAE on November 6, 2026 • 100% shareholding to be held by Shaily Engineering Plastics; initial subscription of AED 1,000,000 in cash through banking channels • Entity will manufacture medical devices (pen injectors); yet to commence business operations, no turnover • Promoter and promoter group have no interest in the incorporation; initial subscription outside related party transaction purview • No regulatory approvals required as the company is already incorporated

Shaily Engineering Plastics Ltd

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