AGI Greenpac Ltd has completed the circulation of its Postal Ballot Notice and confirmed newspaper publication, following an earlier corrigendum issued to correct a typographical error in the e-voting end date. The company informed stock exchanges that it completed the circulation of the Postal Ballot Notice through e-mail on May 7, 2026, to members whose names appeared in the Register of Members or List of Beneficial Owners and whose e-mail IDs were registered as on the cut-off date of May 1, 2026. The notice was circulated pursuant to the provisions of the Companies Act, 2013, SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and in accordance with the guidelines prescribed by the Ministry of Corporate Affairs for conducting postal ballot process through e-voting vide General Circular No. 03/2025 dated September 22, 2025. A corrigendum was also issued on May 7, 2026, correcting the e-voting end date, which had been inadvertently stated as June 6, 2025, to the correct date of June 6, 2026, with all other contents of the postal ballot notice remaining unchanged.

Newspaper Publication

Pursuant to Regulation 30 of the Listing Regulations read with Schedule III, AGI Greenpac published the Postal Ballot Notice advertisement in the following newspapers on May 8, 2026:

Corrected E-Voting Schedule

The remote e-voting facility is available to members whose names appear in the register of members or the list of beneficial owners as of the cut-off date. The key dates for the voting process are as follows:

The company has engaged Central Depository Services (India) Limited (CDSL) to facilitate the electronic voting process. Mr. Pravin Kumar Drolia has been appointed as the Scrutinizer to ensure the fair conduct of the postal ballot process.

Proposed Resolutions

The postal ballot notice, dated April 27, 2026, outlines five key resolutions requiring shareholder consent through remote e-voting. The following table summarises the resolutions placed before shareholders:

Key Appointment Details

The first resolution seeks the appointment of Mr. Ram Babu Kabra (DIN: 00021886) as a Non-Executive Non-Independent Director, effective from April 28, 2026. The second resolution concerns the approval of consultancy fees for Mr. Kabra, who is proposed to be appointed as a Consultant for a period of five years, with a proposed consultancy fee of up to Rs. 2,15,04,000 per annum, plus applicable Goods and Service Tax (GST) and reimbursement of expenses. Shareholders are also asked to approve the appointment of Mr. Sushil Kumar Roongta (DIN: 00309302) as a Non-Executive Independent Director for a term of five years, effective from July 1, 2026, to June 30, 2031.

CMD Re-appointment and Commission

The notice includes a special resolution for the re-appointment of Mr. Sandip Somany as Chairman and Managing Director for a further term of five years, commencing from December 1, 2026, to November 30, 2031. His remuneration package includes salary, perquisites, and commission. The fifth resolution proposes authorization for payment of commission to directors other than Managing and Whole-time Directors, at a rate of 1% on the net profits of the company in case of profits, or as per the limits prescribed in Schedule V of the Companies Act, 2013, in case of no profits or inadequate profits. This authorization is sought for a period of five years from April 1, 2026, to March 31, 2031.

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 and a natural fit for beverage brands committed to reducing their environmental footprint and advancing circular economy goals.

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. This is increasingly key for both alcoholic and non-alcoholic beverage customers operating in a just-in-time supply environment. 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.