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.

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.