The updates pertaining to acquisition is attached herewith
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Awaiting price reaction for this filing.
G M Polyplast Ltd has received approval from the Ministry of Corporate Affairs (MCA) to reserve the name 'Regranix Private Limited' for a proposed Wholly Owned Subsidiary (WOS). The application was made following a board meeting held on February 9, 2026. The incorporation process is currently underway, and the company has stated it will keep the stock exchange updated on further developments. The subsidiary is being set up in continuation of the board's earlier decision. No financial details, capital structure, or business purpose of the new subsidiary have been disclosed in this filing.
This is a preliminary step towards creating a wholly owned subsidiary and has no immediate material impact on shareholders. Investors should watch for further disclosures about the subsidiary's business purpose, capital infusion, and strategic role, as it could signal a new business vertical or expansion plan.