Transaction Details

  • Asset Description: Machinery and Spare Parts of the Company
  • Buyer: Regranix Private Limited (Wholly Owned Subsidiary of G M Polyplast Limited)
  • Transaction Value: Up to ₹2,00,00,000/- (Indian Rupees Two Crores Only)
  • Net Worth Impact: Represents approximately 4.26% of the company's net worth of ₹347.47 Crore
  • Revenue Contribution: The machinery and spare parts did not contribute to the revenue or turnover of the Company

Approval Process

  • Board Approval: May 16, 2026 - Board of Directors approved the proposal, subject to shareholder approval
  • Shareholder Approval: September 7, 2026 - 23rd (6th Post Listing) Annual General Meeting approved via Special Resolution

Additional Information

  • The transaction may be undertaken in one or more tranches during the Financial Year
  • Not a slump sale or part of any scheme of arrangement
  • Document signed by Dimple Pariyar, Company Secretary and Compliance Officer on September 08, 2026