Pyramid Technoplast Limited shareholders have approved increasing the company's borrowing powers and the limit for disposing of its undertakings to ₹500 crores each. The resolutions were passed via special resolutions at the Extraordinary General Meeting (EGM) held on May 23, 2026, through Video Conferencing and Other Audio Visual Means. The approvals enhance the company's financial flexibility for future operations and strategic asset management.

Voting Results

The proposal to increase borrowing powers under Section 180(1)(c) of the Companies Act, 2013, received 100% approval from the valid votes cast. A total of 31 members voted 2,75,91,573 shares in favour, with no votes against. The second resolution, concerning the disposal of undertakings under Section 180(1)(a), was also approved with 99.9997% of valid votes in favour. This resolution saw 30 members vote 2,75,91,485 shares in favour, while 1 member voted 90 shares against.

Meeting Participation

The EGM commenced at 11:30 A.M. and concluded at 11:50 A.M. on May 23, 2026. A total of 39 shareholders attended the meeting through digital means, comprising 7 members from the Promoters and Promoter Group and 32 Public shareholders. The record date for the meeting was May 13, 2026, with a total of 26,428 shareholders on record.

Scrutinizer's Report

Rinkesh Gala, Partner at M/s. RA Gala & Associates, was appointed as the Scrutinizer to monitor the e-voting process. The remote e-voting period was open from May 20, 2026, at 9:00 A.M. to May 22, 2026, at 5:00 P.M. IST. The voting results and the Scrutinizer's Report are available on the company's website.

Pyramid Technoplast Limited has released its audited financial results for the quarter and year ended March 31, 2026. The company reported robust year-on-year growth in profitability, driven by volume expansion and operating leverage from recently commissioned infrastructure. The statutory auditors, M/s. BANKA & BANKA, Chartered Accountants, issued an unmodified opinion on the annual results. The Board recommended a final dividend of Re. 0.50 per equity share for FY26.

Q4FY26 & FY26 Financial Performance

For the quarter ended March 31, 2026, revenue from operations grew 13.8% year-on-year to ₹19,478.71 Lakhs. EBITDA surged 67.9% to ₹20 Cr, with margins expanding 335 basis points to 10.4%. Profit after tax (PAT) rose 51.6% to ₹1,001.86 Lakhs. For the full year FY26, revenue increased 15.3% to ₹68,090.84 Lakhs, while PAT grew 8.0% to ₹2,881.79 Lakhs.

Operational Highlights & Expansion

FY26 volumes grew 20% year-on-year with capacity utilization at 69%. The Wada plant, fully operational across IBC, HDPE, and MS Drum segments, contributed approximately ₹65 Cr in revenue. The installed production capacity increased 22% to 76,931 metric ton per annum. Management expects utilization to move closer to 80% in FY27.

Strategic Initiatives: Solar & Recycling

The company commissioned a 6 MW solar power plant in Gujarat in October 2025, followed by 5 MW in Bharuch and 2.25 MW in Maharashtra. The total investment exceeds ₹60 Cr, with estimated annual savings of ₹15 Cr from FY27. The recycling plant, commissioned in October 2025, has an annual capacity of 5,000 MT. It processed 200 MT in Q4FY26 and is awaiting a final license from the pollution control board to handle unwashed containers.

FY27 Outlook & Guidance

For FY27, Pyramid Technoplast targets revenue of approximately ₹800 Cr. The company projects EBITDA margins in the double digits, supported by improved utilization and cost benefits from solar and recycling initiatives. Planned capital expenditure for the year is around ₹20 Cr, primarily for maintenance and balancing equipment. Management also indicated that debt repayment has commenced, with a target to reduce significant debt over the next 3-4 years.