AGI Greenpac Limited , a prominent player in the packaging industry, has received overwhelming shareholder approval for two significant corporate actions through a postal ballot process. The company's strategic moves aim to strengthen its financial position and expand its business scope.

Fund Raising Approval

Shareholders have given their nod to raise funds up to Rs 1,500 crore through the issuance of securities. This special resolution garnered strong support, with 99.24% of the votes cast in favor of the proposal.

Alteration of Object Clause

In addition to the fund-raising approval, shareholders also passed a special resolution to alter the object clause of the company's Memorandum of Association. This resolution received near-unanimous support, with 100% of the votes cast in favor.

Voting Details

The postal ballot process, conducted through remote e-voting, saw participation from 286 shareholders holding 4,27,94,949 equity shares. Here's a breakdown of the voting results:

Voting Process

The e-voting period commenced on October 8 and concluded on November 6. Mr. Pravin Kumar Drolia, a practicing Company Secretary, served as the scrutinizer for the postal ballot process, ensuring its fairness and transparency.

Management's Responsibility

The management of AGI Greenpac Limited was responsible for ensuring compliance with the requirements of the Companies Act, 2013, MCA Circulars, and SEBI regulations related to the postal ballot process.

These approvals pave the way for AGI Greenpac to potentially strengthen its financial position and explore new business opportunities, subject to necessary regulatory approvals and market conditions.

AGI Greenpac Limited , a leading packaging products manufacturer, has released its unaudited financial results for the second quarter and half-year ended September 30, 2025, revealing a mixed performance amidst challenging market conditions.

Revenue and Profitability

The company reported a consolidated revenue from operations of ₹601.58 crore for Q2 FY2026, marking a decrease from ₹687.66 crore in the previous quarter. However, it showed a slight improvement compared to ₹599.18 crore in the same quarter last year. For the half-year, total revenue reached ₹1,289.24 crore, up from ₹1,165.51 crore in the previous year.

Profit before tax (PBT) for Q2 stood at ₹100.85 crore, down from ₹117.79 crore in the previous quarter but higher than the ₹95.79 crore reported in Q2 FY2025.

Segment Performance

The packaging products segment, which forms the core of AGI Greenpac's business, generated revenue of ₹596.20 crore during Q2 FY2026.

Financial Highlights

Key Developments

1. Insurance Claim: The company received ₹20.49 crore from insurance claims related to production facility disruption at its Hyderabad unit due to furnace crown collapse.

2. Regulatory Challenge: AGI Greenpac has provided ₹12.22 crore against a cross-subsidy surcharge demand from Telangana State Southern Power Distribution Company for the period April 2015 to June 2016. The company has filed a writ petition challenging this order.

Balance Sheet Position

As of September 30, 2025, AGI Greenpac's consolidated balance sheet showed total assets of ₹3,363.84 crore, with an equity base of ₹2,217.04 crore.

The company maintains a financial position with a mix of non-current and current assets, indicating a focus on long-term stability and short-term liquidity.

AGI Greenpac's Q2 FY2026 results demonstrate the company's performance amid market challenges, showing growth on a year-on-year basis. The company's actions in addressing regulatory challenges and recovering from operational disruptions reflect its approach to business continuity and risk management.