AGI Greenpac’s Board has approved the unaudited standalone and consolidated financial results for Q3 FY26. Key decisions also include diversifying into the retail business and appointing Dushyant Kumar as COO for the CAN Business Division and Chandan Kumar Jha as CEO of the Plastek Division. Further, the company has supersedes resolution to acquire 19.75% stake in Madoverbuilding AI instead of 25%.
Financial Results for Q3 FY26
The Board of Directors has approved the unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025. Consolidated revenue from operations stood at ₹633.69 crore, with a total income of ₹637.30 crore. Profit for the period reached ₹71.45 crore. Standalone revenue from operations was also ₹633.69 crore, with profit for the period at ₹71.64 crore.
Strategic Diversification into Retail
AGI Greenpac is diversifying its business operations by entering the retail sector, focusing on Homecare, Personal Care, Kitchenware, and Tableware. This initiative aims to leverage the usage of glass and offer comprehensive solutions to container glass customers. The company anticipates minimal investment as it plans to operate on a fully outsourced model.
Key Leadership Appointments
The Board has approved the appointment of two key executives:
- Dushyant Kumar as Chief Operating Officer (COO) for the CAN Business Division, effective February 1, 2026. He brings over 35 years of experience in CAN manufacturing and industrial operations.
- Chandan Kumar Jha as Chief Executive Officer (CEO) of the Plastek Division, effective January 29, 2026. Mr. Jha has over 15 years of experience in the printing and packaging industry.
Investment in Madoverbuilding AI (MOB AI)
The Board has superseded an earlier resolution and approved the acquisition of a 19.75% stake in Madoverbuilding AI Private Limited (MOB AI), instead of the previously planned 25%. This investment is expected to be completed within the next four months from January 28, 2026. The total investment will amount to ₹4,44,95,770.22 (approx.).
Other Key Decisions
The Board also approved alterations to the main object clause of the Memorandum of Association, facilitating the company’s entry into the retail trade business. Furthermore, the issuance of a Postal Ballot Notice was approved to seek member approval for these alterations.
Source: BSE
