Outcome of Board Meeting as on 04-03-2026.
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Getalong Enterprise Ltd's board, at its meeting on 4 March 2026, approved subscribing to 3,00,000 equity shares of M/s. Osiyaa Polypacks Limited at Rs. 10 per share, totalling Rs. 30 lakh, via a proposed preferential allotment. Post-investment, the company will hold 10,29,000 shares, representing about 18.71% of Osiyaa Polypacks' paid-up equity capital. Osiyaa Polypacks, incorporated in December 2022, manufactures and packages PP granule mesh bags for vegetables, fruits, cement, fertilisers, etc., and reported turnover of Rs. 3.64 crore from April 2025 to February 2026. The transaction is a related-party deal, conducted at arm's length, and is expected to be completed by 31 March 2026, subject to Osiyaa Polypacks' shareholder approvals for the increase in authorised capital and the preferential allotment.
This is a small (Rs. 30 lakh) strategic investment that increases Getalong's already-existing stake in a related packaging company to nearly 19%, giving it meaningful influence without triggering an open offer. For shareholders, the impact is limited in monetary terms but signals continued portfolio diversification into the manufacturing/packaging sector.