Sale8 Sept 2026, 07:30 pm
G M Polyplast Sells Machinery to Subsidiary for Up to ₹2 Cr
AI Summary
G M Polyplast Ltd announced the sale of its machinery and spare parts to its wholly-owned subsidiary, Regranix Private Limited. The transaction, approved by shareholders at the 23rd Annual General Meeting on September 7, 2026, is valued at up to INR 2,00,00,000/-. This sale is conducted on an arm's length basis and is considered within the ordinary course of business. The net worth of the company is ₹347.47 Crore, making this transaction approximately 4.26% of the net worth. The undertaking being sold did not contribute to the company's revenue or turnover.
Key Highlights
- G M Polyplast to sell machinery and spare parts to subsidiary Regranix Pvt Ltd.
- Transaction value capped at ₹2 Crore, approved by shareholders.
- Sale represents approximately 4.26% of the company's net worth.
- Undertaking sold did not contribute to company revenue or turnover.
- Transaction is on an arm's length basis and in ordinary course of business.
Price Impact
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