BSECompany Update11 Aug 2026 · 11 Aug 2026, 01:48 pm
Intimation in terms of Regulation 30 (read with Schedule III - Part A) of Securities and Exchange board of India (Listing Obligations and Disclosure requirements) Regulations, 2015.
Pyramid Technoplast Ltd · 543969
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Pyramid Technoplast Ltd announces the establishment of a new manufacturing facility in Kutch, Gujarat, and secures government subsidy benefits for its Wada and Bharuch facilities, strengthening its manufacturing footprint, improving operational efficiency, and enhancing long-term returns.
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Full Announcement
Pyramid Technoplast Ltd - 543969 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
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SEC: 34/2026-27 Date: August 11, 2026
National Stock Exchange of India Ltd. BSE Limited
Exchange Plaza, 5th Floor, 1st Floor, New Trading Ring,
Plot No. C/1, G Block, Rotunda Bldg., P. J. Towers,
Bandra- Kurla Complex, Dalal Street, Fort,
Bandra (East), Mumbai – 400 051 Mumbai 400 001
Symbol: PYRAMID Scrip Code: 543969
Through: NEAPS Through: BSE Listing Centre
Sub: Intimation in terms of Regulation 30 (read with Schedule III - Part A) of the Securities and
Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations,
2015.
Dear Sir/Madam,
In terms of the provisions of Regulation 30 (read with Schedule III - Part A) of the Securities
and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations,
2015 and we wish to inform that the Company is progressing with a new manufacturing
facility in Kutch, Gujarat, while also securing significant government subsidy benefits for its
Wada and Bharuch facilities.
Please find enclosed a copy of the press release, which is self-explanatory.
Thanking you,
Yours faithfully,
For Pyramid Technoplast Limited,
Jaiprakash Agarwal
Whole Time Director & CFO
DIN: 01490093
Place: Mumbai
PRESS RELEASE
Pyramid Technoplast Limited Announces Kutch Expansion and Government Subsidy
Benefits, Strengthening the Next Phase of Capacity-Led Growth.
Mumbai, 11 August 2026: Pyramid Technoplast Limited, a leading manufacturer of rigid
industrial packaging products, today announced two key strategic developments aimed at
strengthening its manufacturing footprint, improving operational efficiency and enhancing
long-term returns.
The Company is progressing with a new manufacturing facility in Kutch, Gujarat, while also
securing significant government subsidy benefits for its Wada and Bharuch facilities. These
initiatives are expected to strengthen the Company's regional presence, improve cost
competitiveness and enhance the return profile of its existing and upcoming investments.
1. Kutch Expansion to Add 10,000 IBCs per Month
Pyramid Technoplast is establishing a new manufacturing facility in Kutch, Gujarat. The
expansion is strategically positioned to strengthen the Company's presence across Western
India, while providing customers with faster deliveries and improved service levels. The
location is also expected to provide logistical benefits through lower freight costs and shorter
delivery timelines.
The new facility will provide an additional growth platform for the Company's IBC business
and enable Pyramid Technoplast to cater to the increasing demand from customers in the
region.
Key highlights:
• Investment: ₹20–25 crore
• Capacity: 10,000 IBC units/month
• Expected commissioning: March 2027
• Strategic benefit: Stronger presence in Kutch & Western India
• Operational benefit: Lower freight, faster deliveries and improved customer service
2. Government Subsidy Benefits to Improve Project Economics
The Company has also received government subsidy approvals covering its Wada and
Bharuch facilities, which are expected to reduce the effective cost of investment and improve
project economics.
For the Wada facility, subsidy of approximately ₹24.9 crore over 10 years has been approved,
with the sanction expected to be received by March 2027.
For Unit 7 at Bharuch, subsidy benefits of approximately ₹10.5 crore have been approved, with
the application for formal sanction yet to be filed.
Together, these benefits represent approximately ₹35.4 crore of potential subsidy support,
subject to the applicable approval and disbursement processes.
The subsidy benefits are expected to lower the effective capital cost of the respective projects,
thereby improving ROCE, IRR and project payback, while providing greater visibility on long-
term cash generation.
Management Commentary
Mr. Bijay Agarwal, Managing Director, Pyramid Technoplast Limited, said:
“We are pleased to announce these two important developments as we continue to strengthen the
foundation for Pyramid Technoplast's next phase of growth. Our Kutch expansion will add 10,000 IBC
units per month of capacity and strengthen our presence in Western India, while also providing
meaningful logistical and customer-service advantages.
At the same time, the government subsidy benefits secured for our Wada and Bharuch facilities will
reduce the effective cost of our investments and further improve the return profile of these assets. These
developments are aligned with our broader strategy of expanding capacity in line with market demand
while maintaining disciplined capital allocation.
With our existing manufacturing footprint continuing to ramp up, the Kutch facility adding
incremental capacity and efficiency initiatives such as solar and recycling contributing to cost
optimisation, we remain focused on converting our expanded manufacturing platform into higher
utilisation, stronger profitability and improved returns over the medium term.”