AGI Greenpac Limited has informed the Exchange regarding Appointment of Mr Sandip Somany as Chairman & Managing Director of the company for a period of five years w.e.f. December 01, 2026, subject to approval of the Members.
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AGI Greenpac Limited held its Board meeting on 27th April 2026 approving audited Q4 and FY26 results. Consolidated revenue grew 5.4% year-on-year to Rs. 2,665 crore, while net profit improved 9.1% to Rs. 351.66 crore. EBITDA stood at Rs. 689.87 crore with EPS of Rs. 54.35 per share. The Board recommended a 350% dividend (Rs. 7 per share). Key governance actions include: re-appointment of Mr. Sandip Somany as Chairman and Managing Director for 5 years from December 2026; appointment of Mr. Ram Babu Kabra as Additional Non-Executive Director from April 2026; and appointment of Mr. Sushil Kumar Roongta as Independent Director for 5 years from July 2026. The company also appointed Protiviti India as internal auditor for FY27. Debt reduced significantly from Rs. 420.50 crore to Rs. 205.19 crore during the year.
Strong financial performance with profit growth and debt reduction is positive for shareholders. The re-appointment of Sandip Somany as CMD provides leadership continuity. The 350% dividend signals confidence, though shareholders must approve it at the September 2026 AGM.