Pyramid Technoplast Limited has submitted the Exchange a copy Srutinizers report of Extraordinary General Meeting held on May 23, 2026. Further, the company has informed the Exchange regarding voting results.
PYRAMID · price
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Pyramid Technoplast Limited held an Extraordinary General Meeting on May 23, 2026, via video conferencing. Two special resolutions were passed with overwhelming shareholder approval: (1) increase in borrowing powers up to INR 500 crores under Section 180(1)(c) of the Companies Act, 2013, and (2) increase in limit for sale, lease, transfer, mortgage or disposal of undertaking(s) up to INR 500 crores under Section 180(1)(a). Both resolutions received 100% and 99.9997% approval respectively, with valid votes totaling approximately 27.59 million shares (75% of total shares). The meeting lasted 20 minutes and was attended by 7 promoter members and 32 public members via video conferencing. The resolutions give the company greater financial flexibility for borrowing and asset transactions.
The approved resolutions enhance the company's financial flexibility and capacity for strategic transactions, which could support future growth initiatives and operational needs. Shareholders have shown strong support for these governance changes.