Pyramid Technoplast Limited has informed the Exchange regarding Proceedings of Extraordinary General Meeting held on May 23, 2026
PYRAMID · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Pyramid Technoplast Limited held an Extraordinary General Meeting on May 23, 2026 via video conferencing. Shareholders approved two special resolutions: (1) increasing borrowing powers under Section 180(1)(c) up to INR 500 crores, and (2) raising the limit for sale, lease, transfer, mortgage or disposal of undertakings under Section 180(1)(a) also up to INR 500 crores. Both resolutions require 75% shareholder approval under the Companies Act, 2013. The EGM lasted 20 minutes (11:30 AM to 11:50 AM) with 26,428 shareholders on record, attended by 7 promoter and 32 public shareholders via VC. Detailed voting results will be submitted separately under Regulation 44(3).
The approval of higher borrowing and asset disposal limits gives the company greater financial flexibility for future expansions, acquisitions, or debt requirements. This could support larger capital expenditures or strategic transactions but also increases potential liability exposure for shareholders.