Board Meeting Outcome for Allotment Of 250000 Equity Shares Upon Conversion Of 250000 Warrant Issued On Preferential Basis To Non Promoter After Receipt Of 75% Amount
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Captain Polyplast's board, at its meeting on 31 January 2026, approved the allotment of 2,50,000 equity shares (face value Rs. 2 each) to a non-promoter allottee, Harish Yashvant Kariya, upon conversion of an equal number of warrants issued earlier on a preferential basis. The allottee paid the balance 75% consideration of Rs. 1.35 crore (warrant issue price was Rs. 72 per warrant), completing full subscription within the 18-month SEBI timeline. As a result, the company's paid-up equity capital increased from Rs. 11.98 crore (5.99 crore shares) to Rs. 12.04 crore (6.02 crore shares), a dilution of roughly 0.42%.
Minor dilution for existing shareholders (~0.42%), with Rs. 1.35 crore of fresh capital coming into the company from a non-promoter investor. No material impact on share price expected, though it signals completion of the earlier preferential warrant issue.