Pyramid Technoplast Limited, a leading player in the plastic packaging industry, has announced the commencement of operations at its new Unit IX recycling plant in Bharuch, Gujarat. The facility, which began operations on October 4, 2025, marks a significant step in the company's commitment to sustainability and operational efficiency.

Key Highlights of the New Recycling Plant

• Location and Size: Built on 4,447.80 sq. m of land in Bharuch
• Investment: Capex of ₹8-10 crores
• Capacity: Annual recycling capacity of 5,000 metric tons of plastic and plastic products
• Materials: Focuses on HDPE plastic packaging material and other plastic products
• Raw Material Impact: Expected to cater to 10-12% of Pyramid's raw material needs
• Payback Period: Estimated at 4 years

Strategic Benefits

The new recycling facility is poised to deliver multiple advantages to Pyramid Technoplast:

1. Cost Reduction: By recycling its own materials, the company aims to lower production costs.
2. Import Reduction: The plant will decrease reliance on imported raw materials, enhancing supply chain resilience.
3. Sustainability: Aligns with India's sustainability goals by significantly reducing plastic waste.
4. ESG Profile: Strengthens the company's Environmental, Social, and Governance (ESG) credentials.

Management Perspective

Bijay Kumar Agarwal, Managing Director of Pyramid Technoplast, commented on the development: "The commencement of our recycling plant marks a strategic leap forward for Pyramid Technoplast. By integrating recycling into our value chain, we not only lower costs and reduce import reliance, but also strengthen our ESG profile. This facility is designed to create long-term value for stakeholders while contributing to India's sustainability goals."

Additional Green Initiatives

In addition to the recycling plant, Pyramid Technoplast is making strides in other areas of sustainability:

• Renewable Energy: The company is transitioning its thermal power operations to a renewable solar power plant.
• Solar Capacity: The planned solar power plant will have an approximate capacity of 15 MW.

This multi-faceted approach to sustainability, combining recycling capabilities with renewable energy adoption, positions Pyramid Technoplast as a forward-thinking player in the plastic packaging industry. The company's efforts are likely to resonate well with environmentally conscious customers and investors alike, potentially opening up new market opportunities while contributing to a more sustainable future.

Pyramid Technoplast Limited , a leading player in the industrial packaging sector, successfully conducted its 27th Annual General Meeting (AGM) on September 25, 2025. The meeting, held through video conferencing, saw strong shareholder participation and the approval of all six resolutions on the agenda.

Key Highlights

• Financial Statements Adoption: Shareholders approved the audited financial statements for the fiscal year ending March 31, 2025, along with the reports of the Board of Directors and Auditors.

• Dividend Declaration: A dividend of Rs. 0.50 per share (5% on face value of Rs. 10) was declared for the financial year 2024-25.

• Director Reappointment: Mr. Bijaykumar Agarwal was re-appointed as a director, retiring by rotation.

• Auditor Appointments: The remuneration of Cost Auditors for the financial year ending March 31, 2026, was ratified. Additionally, M/S. RA GALA & ASSOCIATES was appointed as the Secretarial Auditors of the company.

• Special Resolution: A significant special resolution was passed, granting the company authority to sell, lease, transfer, mortgage, or dispose of substantially the whole undertaking under Section 180(1)(a) of the Companies Act, 2013.

Voting Results

The e-voting results revealed strong support for all resolutions:

Shareholder Participation

The AGM saw active participation from shareholders, with 38 participants joining through video conferencing. The e-voting process recorded votes from 39 members, representing 2,75,93,637 shares.

Management Commentary

Mr. Bijaykumar Agarwal, Chairman & Managing Director of Pyramid Technoplast Limited, stated, "We are pleased with the overwhelming support from our shareholders. The approval of all resolutions, especially the special resolution granting asset disposal powers, provides us with the flexibility to make strategic decisions for the company's growth and optimization of resources."

The successful conclusion of the AGM and the strong shareholder support for all resolutions indicate confidence in Pyramid Technoplast's management and future strategies. The special resolution, in particular, equips the company with the ability to make significant asset-related decisions, potentially paving the way for strategic moves in the coming fiscal year.