Sumita Somany Increases Stake in AGI Greenpac Limited Through Open Market Purchase

1 min read     Updated on 18 Mar 2026, 03:13 PM
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Reviewed by
Radhika SScanX News Team
Overview

Sumita Somany acquired 50,000 equity shares of AGI Greenpac Limited through open market purchase on March 16, 2026, increasing her shareholding from 0.25% to 0.33%. The acquisition was disclosed under SEBI takeover regulations, with the combined promoter group holding increasing from 60.24% to 60.32%. Sumita Somany acts in concert with other promoter entities including Sandip Somany and Somany Impresa Limited.

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*this image is generated using AI for illustrative purposes only.

Sumita Somany has acquired additional equity shares in agi greenpac Limited through an open market transaction, as disclosed in a regulatory filing under SEBI takeover regulations. The acquisition represents a modest increase in her existing shareholding in the packaging company.

Share Acquisition Details

Sumita Somany purchased 50,000 equity shares of AGI Greenpac Limited on March 16, 2026, through open market transactions. The acquisition increased her direct shareholding in the company from the previous level.

Parameter: Details
Shares Acquired: 50,000
Acquisition Date: March 16, 2026
Mode of Acquisition: Open Market
Percentage Increase: 0.08%

Shareholding Pattern Changes

The acquisition resulted in changes to Sumita Somany's shareholding position in AGI Greenpac Limited. Her total holding increased from 1,61,000 shares to 2,11,000 shares.

Shareholding: Before Acquisition After Acquisition
Number of Shares: 1,61,000 2,11,000
Percentage Holding: 0.25% 0.33%
Share Capital Base: 6,46,97,381 shares 6,46,97,381 shares

Promoter Group Holdings

Sumita Somany belongs to the promoter group of AGI Greenpac Limited and acts in concert with several other promoter entities. The combined holding of all persons acting in concert includes Sandip Somany, Sandip Somany HUF, Shashvat Somany, Divya Somany, Somany Impresa Limited, and Matterhorn Trust.

Entity: Shareholding Percentage
Sandip Somany: 55,97,731 8.65%
Somany Impresa Limited: 3,28,95,000 50.84%
Sandip Somany HUF: 95,832 0.15%
Shashvat Somany: 76,244 0.12%
Divya Somany: 1,46,912 0.23%
Matterhorn Trust: 100 0.00%

Regulatory Compliance

The disclosure was made under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The filing was submitted to both BSE Limited and National Stock Exchange of India Limited, where AGI Greenpac Limited shares are listed. The total combined holding of all persons acting in concert increased from 60.24% to 60.32% following this acquisition. The company's equity share capital remains unchanged at 6,46,97,381 equity shares of Rs. 2 each.

Historical Stock Returns for AGI Greenpac

1 Day5 Days1 Month6 Months1 Year5 Years
+1.23%-6.00%-11.76%-39.50%-28.90%+209.10%

AGI Greenpac Shareholders Approve Amendment to Memorandum of Association via Postal Ballot

2 min read     Updated on 09 Mar 2026, 04:29 PM
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Reviewed by
Naman SScanX News Team
Overview

AGI Greenpac Limited shareholders approved alteration in the object clause of Memorandum of Association through postal ballot on March 9, 2026. The special resolution received 99.95% approval with 42,958,161 votes in favour out of 42,978,557 total votes polled. The e-voting process conducted from February 5-March 6, 2026, saw participation from 305 shareholders representing 42,982,109 shares, achieving the required three-fourth majority for the amendment.

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AGI Greenpac Limited has successfully concluded its postal ballot process, with shareholders approving a crucial amendment to the company's Memorandum of Association. The company declared the results on March 9, 2026, following the completion of remote e-voting that concluded on March 6, 2026.

Postal Ballot Results Overview

The special resolution for alteration in the object clause of the Memorandum of Association received overwhelming shareholder support. Out of 56,787 eligible shareholders holding 64,697,381 equity shares as on the record date of January 30, 2026, a total of 305 shareholders participated in the voting process.

Parameter Details
Total Eligible Shareholders 56,787
Total Paid-up Shares 64,697,381
Participating Shareholders 305
Shares Represented in Voting 42,982,109
Voting Percentage 66.43%

Voting Results by Category

The resolution achieved the required three-fourth majority for a special resolution, with strong support across all shareholder categories.

Category Shares Held Votes Polled Votes in Favour Votes Against Approval Rate
Promoters and Promoter Group 38,972,819 38,972,819 38,972,819 0 100.00%
Public-Institutions 6,123,075 2,376,724 2,376,724 0 100.00%
Public-Non Institutions 19,601,487 1,629,014 1,608,618 20,396 98.75%
Total 64,697,381 42,978,557 42,958,161 20,396 99.95%

E-Voting Process Details

The postal ballot was conducted exclusively through remote e-voting, facilitated by Central Depository Services (India) Limited (CDSL). The e-voting period commenced on February 5, 2026, at 9:00 AM and concluded on March 6, 2026, at 5:00 PM.

Key aspects of the voting process included:

  • Notice dispatch completed by February 4, 2026, through electronic mode only
  • Public notices published in Financial Express (English) and Ekdin (Bengali) on February 5, 2026
  • Cut-off date for determining voting eligibility: January 30, 2026
  • Voting rights based on one vote per fully paid-up share of Rs. 2/- each

Scrutinizer's Confirmation

CS Pravin Kumar Drolia, the appointed scrutinizer, confirmed the validity of the postal ballot process in his report dated March 7, 2026. The scrutinizer verified that all procedural requirements under the Companies Act, 2013, and SEBI regulations were duly complied with during the voting process.

The resolution was declared passed as a special resolution, having received more than three-fourth of the votes from participating members. The company has fulfilled all regulatory requirements under Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Corporate Compliance

AGI Greenpac Limited has uploaded the detailed voting results and scrutinizer's report on its website at agigreenpac.com, ensuring transparency and compliance with listing regulations. The company secretary, Ompal, coordinated the entire postal ballot process and submitted the necessary documentation to BSE and NSE on March 9, 2026.

Historical Stock Returns for AGI Greenpac

1 Day5 Days1 Month6 Months1 Year5 Years
+1.23%-6.00%-11.76%-39.50%-28.90%+209.10%

More News on AGI Greenpac

1 Year Returns:-28.90%