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The Board of Apt Packaging Ltd approved the allotment of 65,50,000 equity shares at Rs. 30 each (face value Rs. 10), aggregating to Rs. 19.65 crore, through a preferential issue. The company has 56 allottees in total — 6 belong to the Promoter/Promoter Group receiving 21 lakh shares, and 50 are from the Public category receiving 44.5 lakh shares. Following this allotment, the paid-up equity share capital rises to Rs. 11.81 crore divided into 1,18,13,467 equity shares. The issue price of Rs. 30 represents a Rs. 20 premium over the face value of Rs. 10. The board meeting was held on May 8, 2025.
The preferential allotment will dilute existing shareholders by roughly 5.5% (65.5 lakh new shares on an expanded base of ~1.18 crore shares). Promoters participating in the issue signals confidence, while the fresh capital of ~Rs. 19.65 crore could strengthen the company's balance sheet for future growth or working capital needs.