PG Electroplast Limited’s Board of Directors has approved several key strategic initiatives. These include the sale or disposal of assets at its Greater Noida unit, relocation of operations to Salarpur, Rajasthan, and the commencement of new manufacturing operations at both Salarpur and the Delhi Mumbai Industrial Corridor (DMIC), Greater Noida. The company also noted its unaudited financial results for the quarter ended June 30, 2026.
Board Approves Strategic Operational Changes
The Board of Directors of PG Electroplast Limited (PGEL), at its meeting held on August 06, 2026, has approved a series of significant operational and strategic decisions. These approvals are in line with the company’s ongoing efforts to optimize its manufacturing footprint and enhance operational efficiency.
Asset Sale and Relocation
A key decision involves the sale or disposal of assets belonging to the PGEL unit situated at Greater Noida. Concurrently, assets from the wholly-owned subsidiary PG Technoplast Private Limited’s unit in Greater Noida will be transferred to its new unit in Salarpur, Rajasthan. Furthermore, the business operations of the PGEL unit at Site C Surajpur, Greater Noida, will be relocated to the Salarpur unit in Rajasthan. This relocation follows the sale/disposal of assets at the Surajpur unit, with partial asset transfers to the Salarpur subsidiary.
Commencement of New Operations
The Board also noted the commencement of operations at two new manufacturing units of its wholly-owned subsidiary, PG Technoplast Private Limited. One unit is located in Salapur, Rajasthan, and another is situated within the Delhi Mumbai Industrial Corridor (DMIC) in Greater Noida. These new facilities are expected to bolster the company’s production capabilities and market reach.
Financial Results
In addition to operational updates, the Board considered and approved the unaudited financial results (Standalone and Consolidated) for the quarter ended June 30, 2026, along with their respective Limited Review Reports. These financial results have been made available on the company’s website.
Source: BSE
