Pyramid Technoplast Shareholders Approve All Resolutions at 27th AGM, Including Asset Disposal Powers

Pyramid Technoplast Limited , a leading player in the industrial packaging sector, successfully conducted its 27th Annual General Meeting (AGM) on September 25, 2025. The meeting, held through video conferencing, saw strong shareholder participation and the approval of all six resolutions on the agenda.

Key Highlights

Financial Statements Adoption: Shareholders approved the audited financial statements for the fiscal year ending March 31, 2025, along with the reports of the Board of Directors and Auditors.
Dividend Declaration: A dividend of Rs. 0.50 per share (5% on face value of Rs. 10) was declared for the financial year 2024-25.
Director Reappointment: Mr. Bijaykumar Agarwal was re-appointed as a director, retiring by rotation.
Auditor Appointments: The remuneration of Cost Auditors for the financial year ending March 31, 2026, was ratified. Additionally, M/S. RA GALA & ASSOCIATES was appointed as the Secretarial Auditors of the company.
Special Resolution: A significant special resolution was passed, granting the company authority to sell, lease, transfer, mortgage, or dispose of substantially the whole undertaking under Section 180(1)(a) of the Companies Act, 2013.

Voting Results

The e-voting results revealed strong support for all resolutions:

Resolution	Votes in Favor (%)	Votes Against (%)
Adoption of Financial Statements	100.00	0.00
Dividend Declaration	100.00	0.00
Reappointment of Mr. Bijaykumar Agarwal	100.00	0.00
Ratification of Cost Auditors' Remuneration	100.00	0.00
Appointment of Secretarial Auditors	100.00	0.00
Special Resolution for Asset Disposal Powers	99.97	0.03

Shareholder Participation

The AGM saw active participation from shareholders, with 38 participants joining through video conferencing. The e-voting process recorded votes from 39 members, representing 2,75,93,637 shares.

Management Commentary

Mr. Bijaykumar Agarwal, Chairman & Managing Director of Pyramid Technoplast Limited, stated, "We are pleased with the overwhelming support from our shareholders. The approval of all resolutions, especially the special resolution granting asset disposal powers, provides us with the flexibility to make strategic decisions for the company's growth and optimization of resources."

The successful conclusion of the AGM and the strong shareholder support for all resolutions indicate confidence in Pyramid Technoplast's management and future strategies. The special resolution, in particular, equips the company with the ability to make significant asset-related decisions, potentially paving the way for strategic moves in the coming fiscal year.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+5.18%	+7.78%	+2.97%	+2.39%	-12.55%	-7.54%

Pyramid Technoplast Limited , a leading manufacturer of polymer packaging solutions, reported mixed financial results for the first quarter, with expanded production capacity and new sustainability initiatives set to drive future growth.

Financial Performance

The company reported quarterly revenue of ₹164.00 crores, marking a 23% year-on-year increase but a 4% quarter-on-quarter decline. EBITDA rose to ₹14.00 crores, up 18% quarter-on-quarter and 13% year-on-year, with an 8.6% margin. Net profit stood at ₹8.00 crores for the quarter.

Segment Performance

The IBC (Intermediate Bulk Container) segment emerged as the star performer, with a 55% volume growth and 42% revenue growth year-on-year. IBC's contribution to overall revenue increased to 37% from 34% last year. The MS Drum segment saw a 19% year-on-year volume growth and 11% revenue growth, while HDPE drums grew 13% in volume and 7% in revenue.

Capacity Expansion and New Plant Operations

Pyramid Technoplast's new Wada plant commenced production on June 28th, with the company expecting a revenue contribution of ₹50-70 crores for the current financial year. The plant's Phase 1 includes one IBC line, two HDPE large blow molding lines, and a 30,000 MS drum capacity.

The company's overall production capacity increased by 34% to 68,800 metric tons per annum, with a 73.4% capacity utilization in Q1. At Unit 6 in Bharuch, MS Drum capacity was expanded from 50,000 to 90,000 units.

Sustainability Initiatives

Pyramid Technoplast is set to commission a 15-megawatt captive solar power project, expected to reduce annual power costs by approximately ₹10.00 crores. The project will be operational in phases starting September.

Additionally, the company is establishing a recycling plant with a 5,000 metric ton annual capacity, scheduled to begin production in September. This initiative aims to reduce raw material costs, decrease dependency on imports, and support the company's sustainability efforts.

Management Commentary

Jai Prakash Agarwal, Whole-time Director and CFO, stated, "This has been an important quarter for us, not just in numbers, but in the steady progress we have made towards building a scalable and future-ready business. From establishing a strong base in Gujarat, we are now scaling up in Maharashtra with capacity expansion across all drum categories, marking the next chapter of our growth journey."

Future Outlook

The management maintains its guidance for double-digit EBITDA margins and expects stronger performance from Q2 onwards, driven by new plant operations and solar power benefits. The company aims to reach a revenue of around ₹700.00 crores for the current fiscal year, representing over 15% growth.

With capacity expansions, sustainability projects, and operational efficiencies coming together, Pyramid Technoplast appears well-positioned to deliver consistent growth and improved profitability in the coming quarters.