AGI Greenpac’s board approved the unaudited standalone and consolidated financial results for Q3 FY2026. The board also approved diversifying business operations into the retail sector. Mr. Dushyant Kumar was appointed as COO for the CAN Business Division, and Mr. Chandan Kumar Jha was appointed as Chief Executive Officer for the Plastek Division. The company invested further in Madoverbuilding AI Private Limited, acquiring 19.75% of shares.
Financial Performance Highlights
The Board of Directors approved the unaudited Standalone and Consolidated Financial Results for the quarter ended December 31, 2025 (Q3 FY26). The results, reviewed by the Audit Committee, showcase the company’s financial standing with details on revenue, segment performance, assets, and liabilities.
Expansion into Retail Segment
AGI Greenpac is diversifying its business operations by entering the retail business segment. This move aims to leverage glass container solutions with potential for significant market penetration. The company plans a completely outsourced business model in this segment, minimizing initial capital investment.
Key Leadership Appointments
The company has made key appointments to strengthen its leadership team:
- Mr. Dushyant Kumar appointed as Chief Operating Officer (COO) – CAN Business Division, effective February 1, 2026. He brings over 35 years of experience in CAN manufacturing and operations.
- Mr. Chandan Kumar Jha appointed as Chief Executive Officer of Plastek Division, effective January 29, 2026. Mr. Jha has 15+ years of experience in the printing and packaging industry.
Investment in Madoverbuilding AI Private Limited
AGI Greenpac has approved acquiring 19.75% stake in Madoverbuilding AI Private Limited (MOB AI), modifying an earlier resolution. The investment aims to benefit from emerging technologies and business models aligning with the company’s core operations. The total investment is approximately INR 4.45 crore. The initial Tranche 1 was completed on May 30, 2025, with Tranche 2 expected within four months from January 28, 2026.
Revised Main Object Clause
The Memorandum of Association of the Company has been altered to include a new clause, enabling retail trade business for Home care, Personal Care, Kitchenware, and Tableware products.
Source: BSE
