G M Polyplast Limited has provided updated information regarding the incorporation process of its wholly owned subsidiary 'Regranix Private Limited'. The company announced revised details about the shareholding structure and incorporation progress in its latest disclosure to BSE Limited.

Updated Shareholding Structure

The company has clarified the shareholding arrangement for the proposed subsidiary, revealing a more detailed ownership structure than previously disclosed:

Incorporation Process Progress

Following the Board of Directors meeting held on February 09, 2026, G M Polyplast Limited confirmed that the incorporation process for Regranix Private Limited is actively underway. The Ministry of Corporate Affairs had previously approved the name reservation 'REGRANIX PRIVATE LIMITED' with SRN Number AC2374282.

The latest update reveals that G M Polyplast Limited will act as the promoter of the proposed company and serve as its holding company. Additionally, six individual shareholders will each subscribe to one equity share as registered owners, though the beneficial interest will vest entirely with G M Polyplast Limited.

Regulatory Compliance

The announcement was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This update serves as a continuation of the earlier intimation regarding the board meeting outcome from February 09, 2026.

Company Secretary and Compliance Officer Dimple Pariyar signed the disclosure document dated March 10, 2026, ensuring compliance with regulatory requirements and maintaining transparency with stakeholders.

Company Profile

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.