Pyramid Technoplast EGM Scheduled for May 23, 2026 to Seek Shareholder Approval for INR 500 Crore Borrowing Powers

Pyramid Technoplast Limited has announced the convening of an Extraordinary General Meeting (EGM) scheduled for May 23, 2026, at 11:30 A.M. IST through video conferencing and other audio visual means. The meeting will be held to seek shareholder approval for two special resolutions concerning the company's borrowing powers and authority to mortgage or dispose of its undertakings.

The primary agenda item seeks approval to increase the borrowing powers of the Board of Directors up to INR 500 crores under Section 180(1)(c) of the Companies Act, 2013. This resolution, if passed, will supersede all earlier resolutions in this regard and authorize the Board to borrow monies from banks, financial institutions, mutual funds, trusts, and other sources in India or abroad. The borrowings may be secured or unsecured and can include rupee loans, foreign currency loans, debentures, bonds, and other instruments.

Key Resolutions for Shareholder Approval

Resolution:	Section	Proposed Limit	Purpose
Increase in borrowing powers	Section 180(1)(c)	INR 500 crores	To enable Board to borrow from various sources
Mortgage/disposal of undertakings	Section 180(1)(a)	INR 500 crores	To authorize mortgage or disposal of company properties

The second special resolution proposes to increase the limit for the sale, lease, transfer, mortgage, or disposal of the whole or substantially the whole of the company's undertakings up to INR 500 crores under Section 180(1)(a) of the Companies Act, 2013. This limit is over and above the aggregate of the paid-up capital and free reserves of the company. The Board will be authorized to create security over movable and immovable properties in favor of lenders to secure borrowings.

EGM Details and Voting Information

The company has fixed May 13, 2026, as the cut-off date for ascertaining shareholders entitled to vote electronically and attend the EGM. Members holding shares in physical or dematerialized form as of this date will be eligible to participate. The notice of the EGM has been uploaded on the company's website and is available for shareholder reference.

Remote e-voting facilities will be provided by Bigshare i-vote system. The remote e-voting period commences on May 20, 2026, at 9:00 A.M. and concludes on May 22, 2026, at 5:00 P.M. Shareholders who have already voted through remote e-voting will not be entitled to vote at the meeting venue. The scrutinizer for the e-voting process will be Mr. Rinkesh Gala, Partner at RA Gala & Associates.

Regulatory Compliance and Publication

The company has published newspaper advertisements in Financial Express (English) and Mumbai Lakshadeep (Marathi) on April 29, 2026, in compliance with Section 108 of the Companies Act, 2013 read with Rule 20 of Companies (Management and Administration) Rules, 2014 and Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notice has been sent to members through electronic mode and is available on the company's website at pyramidtechnoplast.com and Bigshare Services Private Limited's website.

Previous Approvals and Business Rationale

According to the explanatory statement, shareholders had previously approved borrowing limits up to INR 300 crores at the Annual General Meeting held on July 26, 2023, and limits for disposal of undertakings up to INR 300 crores at the AGM on September 25, 2025. The proposed increase to INR 500 crores is intended to support the company's business plan and future prospects, requiring additional funds from various sources including banks, financial institutions, NBFCs, and related parties.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+3.20%	+12.59%	+24.67%	+7.45%	+10.38%	-1.32%

Pyramid Technoplast Limited has submitted its Reconciliation of Share Capital Audit Report for the quarter and year ended March 31, 2026, to the National Stock Exchange of India Ltd. and BSE Limited. The submission was made in compliance with Regulation 76 of the SEBI (Depositories and Participants) Regulations, 2018. The audit certificate was issued by RA Gala & Associates, Practicing Company Secretaries, following examination of the Register of Members, beneficiary details from depositories, and records maintained by the company and its Registrar and Share Transfer Agent, Bigshare Services Private Limited.

Share Capital Details

The audit confirms that Pyramid Technoplast Limited maintains a total issued and listed capital of 3,67,84,800 equity shares with a face value of Rs. 10 each. All shares are held in dematerialised form, with no physical shares in circulation. The company's securities are listed on both BSE Limited and the National Stock Exchange of India Ltd.

Particulars	Number of Shares	% of Total Issued Capital
Issued Capital	3,67,84,800	100%
Listed Capital on BSE & NSE	3,67,84,800	100%
Held in Dematerialised Form in CDSL	46,50,285	12.64%
Held in Dematerialised Form in NSDL	3,21,34,515	87.36%
Physical Shares	0	0.0%
Total Number of Shares	3,67,84,800	100.00%

Compliance and Certification

The report indicates that there were no changes in share capital during the quarter under consideration. The Register of Members has been updated, and no discrepancies were identified between issued capital, listed capital, and total shares held. The audit confirmed that there were no dematerialisation requests confirmed after 21 days or pending beyond 21 days during the quarter.

The certificate was signed by Jaiprakash Agarwal, Whole Time Director & CFO of Pyramid Technoplast Limited, on April 29, 2026. The auditor, Rinkesh Gala, Partner at RA Gala & Associates, certified the findings with UDIN A042486H000215263. The company's registered office is located at Office No. 2, 2nd Floor, Shah Trade Centre, Rani Sati Marg, Near W. E. Highway, Malad (East), Mumbai - 400097.