AGI Greenpac has officially commenced construction of a state-of-the-art aluminium beverage can manufacturing facility in Hathras, Uttar Pradesh, marking a significant expansion into a fast-growing packaging segment. The groundbreaking ceremony was announced pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, on 5th May 2026.

Project Overview

The Greenfield facility, backed by an investment of ₹1,000 crore, is spread across 34 acres and is being developed as a world-class manufacturing hub equipped with advanced, high-speed can production technology. The plant is scheduled to commence operations in the first half of 2027. Key project parameters are outlined below:

Production Capacity and Technology

The facility will launch with two state-of-the-art production lines capable of producing a combined 1.6 billion cans per year, with initial output targeted at 1.3 billion cans annually. Each line has been engineered with future-readiness in mind and can be upgraded to 1 billion cans per line through targeted debottlenecking and the introduction of advanced necking technology, bringing total potential capacity to over 2 billion cans per year.

The plant will manufacture a comprehensive range of aluminium beverage cans spanning standard, sleek, and slim profiles to cater to the full spectrum of beverage categories, including:

• Carbonated soft drinks
• Beer
• Energy drinks
• Ready-to-drink beverages

This multi-format capability, combined with upgradeable architecture and planned necking technology, is designed to provide flexibility to scale both capacity and portfolio.

Leadership Commentary

Commenting on the development, Mr. Rajesh Khosla, CEO, AGI Greenpac Limited, said, "This investment reflects our deep conviction in India's growth trajectory and the significant opportunities within the domestic packaging sector. The Uttar Pradesh facility is a testament to AGI Greenpac's commitment to building world-class, future-ready infrastructure that meets evolving market needs. Beyond capacity, this project strengthens our operational efficiencies, logistics capabilities and our broader commitment to sustainable, responsible manufacturing while contributing meaningfully to the economic development of the region."

Sustainability and Strategic Positioning

Sustainability is central to the facility's design. The Hathras plant is being purpose-built to achieve a Platinum Green Building rating, the highest recognition under India's green building framework. The facility incorporates resource efficiency, energy optimisation, and responsible operations at every stage of its design. Aluminium is infinitely recyclable, retaining its quality through every cycle, making it one of the most sustainable packaging materials available.

Strategically located, the Uttar Pradesh facility offers proximity advantages to key consumption markets across North and Central India, enabling faster turnaround times, reduced logistics costs, and enhanced service levels. The company's existing footprint in container glass further enables significant cross-segment customer synergies, positioning AGI Greenpac as an integrated packaging partner for beverage manufacturers across India.

Market Context

India's domestic aluminium beverage can manufacturing capacity currently stands at approximately 3.9 billion cans annually and is expected to grow at a double-digit rate, driven by premiumisation, rising urban consumption, and a shift towards more sustainable packaging formats. AGI Greenpac, leveraging six decades of manufacturing excellence in the packaging sector, serves over 500 globally recognised institutional clients through seven strategically located manufacturing plants across India. The company offers a comprehensive portfolio spanning container and speciality glass, PET bottles, anti-counterfeiting security closures, and is now expanding into aluminium cans.

AGI Greenpac Limited announced its audited financial results for the year ended 31 March 2026, reporting consolidated net profit of Rs 351.66 crore, an increase from Rs 322.42 crore in the previous fiscal year. Total revenue for FY26 rose to Rs 2,760.43 crore compared to Rs 2,603.61 crore in FY25. For the fourth quarter ended 31 March 2026, the company recorded a net profit of Rs 115.38 crore on revenue of Rs 795.68 crore.

The Board of Directors, in its meeting held on 27 April 2026, approved the standalone and consolidated audited financial results along with segment-wise revenue, results, assets, and liabilities. M/s Lodha and Co LLP, Statutory Auditors, issued an unmodified opinion on the financial results. The company's EBITDA for the year stood at Rs 689.87 crore, while basic earnings per share increased to Rs 54.35 from Rs 49.83 in the previous year.

Financial Performance

The company's financial results showed improvement across key parameters. Total income for FY26 reached Rs 2,760.43 crore, with other income contributing Rs 95.11 crore. Total expenses for the year amounted to Rs 2,289.64 crore. The profit before exceptional items and tax was recorded at Rs 470.79 crore. An exceptional item of Rs 5.09 crore was recognized during the year related to employee benefit obligations following the notification of Labour Codes.

Segment Performance

The packaging products segment remained the primary revenue driver, contributing Rs 2,643.72 crore for the year, while investment property added Rs 21.60 crore. Segment-wise profit before tax and interest from packaging products stood at Rs 589.38 crore. Total assets as of 31 March 2026 were recorded at Rs 3,552.38 crore, with total liabilities at Rs 1,145.03 crore.

Board Decisions and Appointments

The Board recommended a final dividend of 350%, equivalent to Rs 7 per equity share of Rs 2 each, for the year ended 31 March 2026, subject to shareholder approval. The dividend will be credited or dispatched on or before 29 September 2026. The register of members and share transfer books will remain closed from 16 September 2026 to 22 September 2026 for dividend purposes.

Several key appointments were approved. Mr. Ram Babu Kabra was appointed as an Additional Director in the category of Non-Executive Non-Independent Director effective from 28 April 2026, subject to shareholder approval. The Board recommended the appointment of Mr. Sushil Kumar Roongta as a Non-Executive Independent Director for a five-year term commencing from 1 July 2026. Additionally, the re-appointment of Mr. Sandip Somany as Chairman and Managing Director for a further five-year period from 1 December 2026 was recommended, subject to shareholder approval.

Mr. Abhijeet Srivastava was appointed as Vice President - CMD Office, designated as Senior Management Personnel, effective from 1 May 2026. The Board also appointed M/s Protiviti India Member Private Limited as Internal Auditors for the financial year 2026-27.

Corporate Actions

The 66th Annual General Meeting of the company is scheduled to be held on 22 September 2026 at 12:30 PM through video conferencing and other audio-visual means. A postal ballot notice will be issued seeking shareholder approval for various items, including the appointment of directors and payment of commission to directors. The company confirmed that it is not classified as a large corporate for the financial year ended 31 March 2026, with outstanding qualified borrowings reducing from Rs 420.50 crore at the start of the year to Rs 205.19 crore at the end.