G M Polyplast Limited has announced a significant corporate development with its Board of Directors approving the incorporation of a wholly owned subsidiary. This strategic decision was made during a board meeting held on February 09, 2026, marking an important step in the company's expansion plans.

Board Meeting Details

The board meeting convened at the company's registered office on Monday, February 09, 2026, commencing at 03:00 PM and concluding at 04:15 PM. The meeting was conducted in accordance with corporate governance standards and regulatory requirements.

Key Board Resolution

The primary agenda item considered and approved by the board was the incorporation of a wholly owned subsidiary. The subsidiary will operate under a name that is yet to be approved and made available by the Ministry of Corporate Affairs and other relevant regulatory authorities.

Regulatory Compliance

G M Polyplast Limited has committed to maintaining full regulatory compliance regarding this corporate action. The company will submit the requisite intimation pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015, along with all necessary details in due course.

Company Background

G M Polyplast Limited operates as a manufacturer specializing in HIPS, ABS, PET, PP, and HDPE sheets, along with premium quality granules. The company holds ISO 9001:2015 and 22000:2018 certifications and maintains its registered office in Mumbai with manufacturing facilities in Dadra Village, Silvassa.

The incorporation of a wholly owned subsidiary represents a strategic corporate development that could potentially enhance the company's operational capabilities and market presence. The company secretary and compliance officer, Dimple Parmar, has formally communicated this development to BSE Limited as part of the mandatory disclosure requirements.

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.