AGI Greenpac Limited has informed the Exchange regarding Re-appointment of Mr. Sandip Somany (00053597) as the Chairman and Managing Director of the Company for a further period of five consecutive years with effect from 1st December, 2026, subject to approval of the Members of the Company.
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AGI Greenpac Limited's Board meeting on 27th April 2026 approved multiple items including the re-appointment of Mr. Sandip Somany as Chairman and Managing Director for a further five-year term effective 1st December 2026, subject to shareholder approval. The company also announced strong FY2026 financial results with consolidated revenue of Rs.2,665.32 crore (up 5.4% YoY) and profit after tax of Rs.351.66 crore (up 9.1% YoY). The Board recommended a final dividend of Rs.7 per share (350% on Rs.2 face value). Additional director appointments include Mr. Ram Babu Kabra as Additional Director and Mr. Sushil Kumar Roongta (75 years) as Independent Director. M/s. Protiviti India was appointed as internal auditors for FY2026-27. Outstanding qualified borrowings reduced significantly from Rs.420.50 crore to Rs.205.19 crore during the year.
The re-appointment of Sandip Somany ensures continuity in leadership and strategic direction, which is positive for shareholder confidence. The strong financial performance with improved profitability and reduced debt levels indicates a healthy financial position.