G M Polyplast Limited has secured approval from the Ministry of Corporate Affairs for the name reservation of its proposed wholly owned subsidiary. The company announced that the name 'REGRANIX PRIVATE LIMITED' has been approved and reserved for the incorporation of the new subsidiary.

Name Reservation Details

The Ministry of Corporate Affairs has granted the name approval with the following details:

Board Decision and Timeline

This development follows the Board of Directors meeting held on February 09, 2026, where the decision to establish the wholly owned subsidiary was approved. The company had previously informed the stock exchange about this strategic decision during the board meeting outcome disclosure.

The name reservation represents a crucial step in the subsidiary incorporation process, as companies must secure name approval before proceeding with the formal registration procedures under the Companies Act.

Current Status and Next Steps

G M Polyplast Limited has confirmed that the incorporation process for REGRANIX PRIVATE LIMITED is currently underway. The company has committed to keeping BSE Limited and other stakeholders informed about any further developments in the subsidiary incorporation process.

The announcement was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring transparency in corporate actions. Company Secretary and Compliance Officer Dimple Pariyar signed the disclosure document dated March 4, 2026.

Company Background

G M Polyplast Limited operates as a manufacturer of 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.

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.