Pyramid Technoplast Ltd

Pyramid Technoplast Ltd: Closure of Trading Window from October 01, 2026 till 48 hours after the declaration of Un-audited Financial Results for the Second quarter ended September 30, 2026

Rating Action Details

• Cash Credit – Federal Bank (Rs 5.70 Cr): ACUITE A- | Stable | Reaffirmed
• Cash Credit – Federal Bank (Rs 9.30 Cr): ACUITE A- | Stable | Assigned
• Letter of Credit – Federal Bank (Rs 11.00 Cr): ACUITE A2+ | Reaffirmed
• Letter of Credit – Federal Bank (Rs 14.00 Cr): ACUITE A2+ | Assigned
• Cash Credit – Axis Bank (Rs 13.00 Cr): ACUITE A- | Stable | Reaffirmed
• Cash Credit – Axis Bank (Rs 15.00 Cr): ACUITE A- | Stable | Assigned
• Cash Credit – HDFC Bank (Rs 35.00 Cr): ACUITE A- | Stable | Reaffirmed
• Cash Credit – HDFC Bank (Rs 15.00 Cr): ACUITE A- | Stable | Assigned
• Letter of Credit – Axis Bank (Rs 27.00 Cr): ACUITE A2+ | Reaffirmed
• Letter of Credit – Axis Bank (Rs 5.00 Cr): ACUITE A2+ | Assigned
• Term Loan – HDFC Bank (Rs 23.70 Cr): ACUITE A- | Stable | Reaffirmed
• Bank Guarantee (BLR) – Axis Bank (Rs 3.50 Cr): ACUITE A2+ | Assigned
• Term Loan – HDFC Bank (Rs 50.16 Cr): ACUITE A- | Stable | Assigned
• Term Loan – Federal Bank (Rs 7.64 Cr): ACUITE A- | Stable | Assigned
• Rating Letter issued Sep 25, 2026; expiry Nov 10, 2027
• Total outstanding facilities Rs 235.00 Cr

AGM proceedings correction

• Typographical correction: VC/OAVM participants corrected to 38 (not 33) in AGM Summary Proceedings.
• All other information remains unchanged.

AGM details

• AGM held Sept 22, 2026 at 11:30 IST via VC/OAVM; concluded 12:01 IST.
• Remote voting window: Sept 19–21, 2026; cut-off date: Sept 16, 2026.

Key resolutions

• Item 1: Adoption of Audited Standalone financial statements for FY2025-26.
• Item 2: Final dividend of Rs 0.50 per share approved.
• Item 3: Re-appointment of Jaiprakash Bijaykumar Agarwal as Director (retiring by rotation) approved.
• Item 4: Appointment of M/s Desai Saksena & Associates as Statutory Auditors.
• Item 5: Ratify remuneration of Cost Auditors for FY ending Mar 31, 2027.

Voting results

• Item 1: Passed; 32 in favour, 2 against, 1 abstained.
• Item 2: Passed; 32 in favour, 2 against, 1 abstained.
• Item 3: Passed; 32 in favour, 2 against, 1 abstained.
• Item 4: Passed; 32 in favour, 2 against, 1 abstained.
• Item 5: Passed; 32 in favour, 2 against, 1 abstained.

Dividend

• Dividend approved: Rs 0.50 per equity share.

Director changes

• Re-appointment of Jaiprakash Bijaykumar Agarwal as director approved.

Auditor appointments

• M/s Desai Saksena & Associates appointed as Statutory Auditors.

Regulatory authorisation update

• Amended GPCB Consolidated Consent and Authorisation enables third-party waste recycling.
• Authorisation covers receipt, storage, transport and recycling of contaminated packaging.
• Up to 960 MT of hazardous-waste packaging recycled annually.
• Manufacture up to 9,000 cleaned barrels/drums per month; 1,000 MT/month granules capacity.
• CCA Amendment No. AWH-103781 issued Sept 18, 2026; fee through Nov 5, 2030.

Auditor Appointment

• Shareholders approved Desai Saksena and Associates as statutory auditors for five years (2026-27 to 2031-32).

AGM Details

• AGM held on 22 September 2026 at 11:30 IST.
• Mode: VC/OAVM.
• Quorum present; 33 members attended.
• Meeting duration 11:30–12:01 IST.
• Remote e-voting available; results to be disclosed within two working days.

Resolutions Put to Vote

• Ordinary: Adopt standalone financial statements for the year ended 31 March 2026.
• Ordinary: Declare final dividend of Rs 0.50 per equity share.
• Ordinary: Re-appoint director by rotation.
• Ordinary: Appoint Desai Saksena & Associates as statutory auditors.
• Ordinary: Ratify remuneration of Cost Auditors for year ending 31 March 2027.

Dividend

• Dividend proposed: final dividend of Rs 0.50 per share.

Director Changes

• Re-appointment by rotation of a director.

Auditor Appointments

• Statutory auditor appointed: Desai Saksena & Associates.
• Cost Auditor remuneration to be ratified for year ending 31 March 2027.

Voting Results

• Outcomes not disclosed in the filing; e-voting results to be disseminated within two working days.

AGM notice and Annual Report access

• AGM of Pyramid Technoplast scheduled for 22 September 2026 at 11:30 IST via VC.
• Annual Report FY2025-26, including AGM notice, sent electronically to members with registered emails.
• Web-link to the Annual Report available at pyramidtechnoplast.com and on stock exchanges.
• Non-email address holders should update details with RTA/DP to receive the report.
• Physical copies available upon request via cs@pyramidtechnoplast.com.
• Soft copy also accessible on Bigshare, BSE, and NSE websites.

AGM details

• Date/time/mode: 22 Sep 2026 at 11:30 IST, VC/OAVM.
• Cut-off date for attendance: 16 Sep 2026.
• Remote e-voting window: 19–21 Sep 2026.

Dividend

• Final dividend proposed: Rs 0.50 per equity share.
• Record date: 11 Sep 2026.
• Payment date if approved: on or after 3 Oct 2026.

Resolutions

• Item 1: Adoption of standalone financial statements (Ordinary).
• Item 2: Declaration of final dividend (Ordinary).
• Item 3: Re-appointment of retiring director (Ordinary).
• Item 4: Appointment of Desai Saksena & Associates as Statutory Auditors (Ordinary).
• Item 5: Ratification of Cost Auditor remuneration for 2026-27 (Special).

Auditors

• Statutory Auditor appointed for five-year term from this AGM.
• Initial remuneration for 2026-27: Rs 14 Lakh, pro-rata.
• Cost Auditor remuneration for 2026-27: Rs 75,000.

Directors

• Director re-appointment: retiring by rotation.