Voting results and Scrutinizer report of the Extra ordinary 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 Extra Ordinary General Meeting (EGM) on May 23, 2026 via video conferencing, which concluded within 20 minutes. Two special resolutions were tabled, both of which were approved by shareholders with overwhelming majorities. The first resolution sought to raise the company's borrowing powers under Section 180(1)(c) of the Companies Act, 2013 to INR 500 crores, and passed with 100% of valid votes in favour (27,591,573 votes). The second resolution sought to raise the limit for sale, lease, transfer, mortgage or disposal of the company's undertakings under Section 180(1)(a) to INR 500 crores, and also passed with nearly 100% support (27,591,485 in favour vs. 90 against). The scrutinizer was Rinkesh Gala of RA Gala & Associates, and the results were published on May 25, 2026.
Both resolutions give the company's board significantly expanded financial flexibility, allowing borrowing and asset disposal up to INR 500 crores each. This suggests the company is preparing for potential large-scale funding needs or strategic transactions, though it also increases risk exposure for shareholders.