AGI Greenpac , a leading packaging solutions provider, has announced significant strategic decisions aimed at bolstering its financial position and expanding its business operations. The company's Board of Directors has approved a substantial fundraising initiative and a key amendment to its Memorandum of Association, signaling a move into the metal packaging sector.

Fundraising Initiative

The board has given the green light to raise funds up to Rs 1,500.00 crore through various securities. This ambitious fundraising plan includes the issuance of:

• Equity shares
• Fully or partially convertible debentures
• Non-convertible debentures
• Warrants convertible into equity shares
• Global Depository Receipts (GDRs)
• American Depository Receipts (ADRs)
• Foreign Currency Convertible Bonds (FCCBs)
• Other eligible securities

The company plans to raise these funds through multiple modes, including private placement, preferential issue, qualified institutions placement, or a combination of these methods. The exact type of issuance and other details will be determined by the Board of Directors at a later stage.

Expansion into Metal Packaging

In a strategic move to diversify its product portfolio, AGI Greenpac has approved an alteration to its Memorandum of Association. The company will add a new clause (7F) to allow for the manufacturing and dealing in all types of metal packaging materials, with a specific focus on aluminum cans.

The new clause states that the company will engage in:

"Manufacturing, processing, buying, selling, trading, importing, exporting, and otherwise dealing in all types of packaging products, including but not limited to aluminum cans, containers, components, ends, lids, metal boxes, drums, plates, plastic, paper, tetra pack, wood, any kind of metal packaging and any other kind of packaging using any material / product."

This expansion will also involve related activities such as research and development for new packaging products, manufacturing of tooling and equipment, and acting as contractors for repairs, maintenance, and installation in the packaging business.

Other Board Decisions

The board meeting, which lasted from 1:00 PM to 2:00 PM, also resulted in the following decisions:

1. Amendment to the Code of Conduct to regulate, monitor, and report trading by designated persons and their immediate relatives, in compliance with SEBI regulations.
2. Approval for issuing a Postal Ballot Notice to seek shareholder approval for the proposed fundraising and alteration of the Memorandum of Association.

The Corporate Affairs Committee of the Board has been authorized to make decisions related to the proposed fund raising, subject to necessary approvals from shareholders and regulatory bodies.

These strategic moves by AGI Greenpac reflect the company's ambition to strengthen its financial position and expand its presence in the packaging industry, particularly in the metal packaging segment. The successful implementation of these plans could potentially enhance the company's competitive edge in the evolving packaging market.

Investors and stakeholders will be keenly watching how these initiatives unfold and impact the company's future growth trajectory.

AGI Greenpac Limited (formerly known as HSIL Ltd.) has announced a significant development that could potentially shape its financial future. The company's Board of Directors is set to convene on September 30, 2025, to deliberate on a proposal for raising funds through various financial instruments.

Board Meeting Details

The meeting, scheduled for Tuesday, September 30, 2025, will focus on evaluating and considering a comprehensive fund-raising strategy. The company has informed the stock exchanges about this development in compliance with Regulation 29 of the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements Regulations, 2015.

Fund Raising Options

The Board will explore a wide range of funding avenues, including:

• Issuance of equity shares
• Fully or partially convertible debentures
• Non-convertible debentures
• Warrants
• Global Depository Receipts (GDRs)
• American Depository Receipts (ADRs)
• Foreign Currency Convertible Bonds (FCCBs)
• Other eligible securities

The company has stated that the issuance of these securities may be conducted through various permissible modes, such as:

• Private placement
• Preferential issue
• Qualified Institutions Placement (QIP)
• Other methods deemed appropriate by the Board

It's important to note that the fund-raising proposal is subject to necessary statutory and regulatory approvals, including shareholder approval.

Trading Window Closure

In line with the SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's Code of Conduct to Regulate, Monitor and Report Trading by Designated Persons, AGI Greenpac has closed its trading window. This closure affects all designated persons, including directors and designated employees, as well as their immediate relatives. The trading window will remain closed until further notice to prevent insider trading during this sensitive period.

Next Steps

The outcome of the board meeting will be communicated to the stock exchanges promptly after its conclusion, as per SEBI Listing Regulations. Investors and stakeholders are advised to keep an eye out for further announcements regarding the fund-raising initiative and its potential impact on the company's financial structure.

AGI Greenpac Limited, with its corporate office in Gurugram, Haryana, and registered office in Kolkata, West Bengal, operates in various segments including AGI glaspac, AGI Plastek, and AGI CloZures. The company's move to explore fund-raising options could signal plans for expansion, debt restructuring, or other strategic initiatives.

As the market awaits the outcome of this crucial board meeting, all eyes will be on AGI Greenpac Limited and its future financial maneuvers.