G M Polyplast Ltd — Dividend/Bonus, 14-08-2026: Corp. Action
14-08-2026 | 02:37 pm
14-08-2026 | 02:37 pm
G M Polyplast will hold its 23rd Annual General Meeting for shareholders to approve several key business proposals. These include substantial related party transactions with its Wholly Owned Subsidiary, Regranix Private Limited, such as granting up to 20 Cr in loans and guarantees, making investments up to 20 Cr, purchasing materials up to 25 Cr, and selling materials up to 20 Cr per financial year. Additionally, the company seeks to sell an undertaking (machinery and spare parts) valued at up to 2 Cr to Regranix. Shareholders will also vote on increasing the company's overall borrowing limit from 20 Cr to 50 Cr. The Board proposes ratifying the Cost Auditor's remuneration of 60,000 for the upcoming fiscal year.
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