G M Polyplast Limited has announced a strategic capacity expansion plan worth ₹3.5 crore, aimed at increasing its annual production capacity to meet growing market demand. The company filed an intimation with BSE Limited on February 27, 2026, detailing the proposed expansion under SEBI LODR Regulation 30.

Capacity Expansion Details

The expansion plan involves increasing the company's manufacturing capacity from its current level to accommodate higher production volumes. The following table outlines the key parameters of the proposed expansion:

Strategic Rationale

The company has identified several key drivers supporting this capacity expansion initiative. Growing market demand across multiple sectors presents significant opportunities for increased production and sales.

The expansion is strategically positioned to capitalize on:

• Growing Market Demand: Rising demand from packaging, automotive, construction, consumer durables, and healthcare sectors, with packaging (especially flexible packaging) and infrastructure projects serving as key growth drivers
• Export Potential: India's emergence as a hub for plastic exports due to competitive cost structure and quality standards, with capacity addition supporting overseas market penetration
• Sustainability & Recycling: Growing focus on recyclable and biodegradable plastics creating opportunities for new product lines while ensuring regulatory compliance and market acceptance

Company Operations

GM Polyplast Limited operates as a manufacturer of HIPS, ABS, PET, PP, and HDPE sheets and premium quality granules. The company holds ISO 9001:2015 and 22000:2018 certifications, demonstrating its commitment to quality standards. With its current capacity utilization at 65%, the expansion represents a strategic move to enhance production capabilities and market reach.

Financial and Operational Impact

The ₹3.5 crore investment will be funded through a combination of internal accruals and debt financing, indicating the company's balanced approach to funding growth initiatives. The expansion is scheduled for completion during the financial year 2026-27, providing a clear timeline for implementation and operational enhancement.

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.