attached outcome of board meeting for allotment
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Captain Polyplast Ltd's board approved the allotment of 2,50,000 equity shares (face value Rs. 2 each) to Rima Harish Kariya, a non-promoter group allottee, upon conversion of an equal number of warrants issued on a preferential basis. The total consideration received was Rs. 1.35 crore at a warrant issue price of Rs. 72 per warrant. With this conversion, the company's paid-up equity capital has increased from Rs. 11.94 crore to Rs. 11.99 crore (59,678,790 to 59,928,790 shares). The company also noted that allottees have remitted the full exercise consideration for 21,30,000 warrants aggregating Rs. 11.50 crore within the 18-month SEBI-prescribed timeline.
This is a routine disclosure confirming conversion of previously issued warrants into shares. It results in minor dilution of about 0.42% in the equity base. No fresh fundraising or material capital change — likely neutral to mildly positive as it shows promoter/allottee confidence in subscribing fully.