G M Polyplast Limited, a manufacturer of premium quality plastic sheets and granules, has successfully expanded its manufacturing capacity, adding 1,800 metric tons per annum to its existing production capabilities. The company, which specializes in producing HIPS, ABS, PET, PP, and HDPE sheets and granules, made this announcement to the BSE Limited.

Capacity Enhancement Details

The capacity enhancement project, which was previously intimated to the stock exchange in September, has now been completed. This expansion is expected to strengthen G M Polyplast's position in the market and potentially increase its production output.

Financial Performance

While the capacity expansion is a significant development, it's worth noting the company's recent financial performance. As per the unaudited financial results for the half-year ended September 30:

The company has shown a slight increase in revenue from operations compared to the same period last year. However, there has been a marginal decrease in net profit and earnings per share.

Impact on Operations

The addition of 1,800 MT to the annual production capacity is a strategic move that may help G M Polyplast meet growing demand and potentially improve its market share. This expansion could lead to increased operational efficiency and possibly better financial performance in the coming quarters.

Company Background

G M Polyplast Limited, incorporated in 2003, has established itself as a manufacturer of high-quality plastic sheets and granules. The company's products find applications across various industries, and this capacity expansion may allow it to cater to a wider customer base.

As the plastic industry continues to evolve, G M Polyplast's proactive approach to expanding its production capabilities may position it well to capitalize on market opportunities. Investors and industry observers will likely keep a close watch on how this capacity enhancement translates into business growth and financial performance in the upcoming quarters.

G M Polyplast Limited, a manufacturer of plastic sheets and granules, held its 22nd Annual General Meeting (AGM) on August 23, 2025, where shareholders approved several key board appointments and the appointment of a new secretarial auditor.

Board Appointments Ratified

Shareholders at the AGM approved the following appointments:

• Mr. Balbir Singh Bholuram Sharma as a Non-executive Non-Independent Director with revised remuneration, serving from August 23, 2025, to August 22, 2030. Mr. Sharma is the father of Managing Director Mr. Balbeer Dinesh Sharma.

• Mrs. Sarita Dinesh Sharma as Whole-time Director for an extended term from June 30, 2026, to June 29, 2031. Mrs. Sharma, wife of the Managing Director, brings over two decades of experience in the plastics industry.

• Mr. Subramanian Ramaswamy Vaidya as a Non-Executive Independent Director for the period from September 03, 2025, to September 02, 2030. The company noted that Mr. Vaidya has no familial relationships with other board members.

New Secretarial Auditor Appointed

The AGM also saw the appointment of M/s. Pranay D. Vaidya and Co., Practicing Company Secretaries, as the company's Secretarial Auditor for the period from April 01, 2025, to March 31, 2030.

Voting Results

All resolutions put forth at the AGM were passed with the requisite majority. Key details of the meeting include:

• Venue: IRA By Orchid Mumbai - T2 International Airport
• Attendance: 31 members in person, with no proxies or authorized representatives
• Promoter group holdings: 9,898,000 shares
• Public shareholders: 3,561,600 shares

The promoter group voted in favor of all resolutions except those where they were interested parties.

Company Overview

G M Polyplast Limited, listed on the BSE with the scrip code 543239, manufactures HIPS, ABS, PET, PP, and HDPE sheets and granules. The company maintains ISO 9001:2015 and 22000:2018 certifications, demonstrating its commitment to quality and food safety management systems.

These governance updates reflect G M Polyplast's commitment to maintaining a strong and diverse board while ensuring compliance with regulatory requirements.