The updates on acquisition is attached for reference
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G M Polyplast Ltd is incorporating a new wholly owned subsidiary named 'Regranix Private Limited'. The company will act as the promoter and holding company, subscribing to 100% of the subsidiary's share capital. Six individual shareholders will each hold one equity share as registered owners, but the beneficial interest will rest entirely with G M Polyplast. This is a follow-up to the board meeting decision dated February 9, 2026, and signals the company's move into a new business vertical, likely plastic recycling based on the subsidiary's name.
This is a greenfield expansion by G M Polyplast into what appears to be a recycling-related business, structured as a 100% subsidiary so financial impact will be fully consolidated. While the initial capital outlay seems minimal, shareholders should watch for future funding rounds and business updates from this new entity.