preferential issue update
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Captain Polyplast Ltd's board, at its meeting on 24 July 2025, 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 at Rs. 72 per warrant, totalling Rs. 1.35 crore. The allotment follows receipt of the remaining 75% balance subscription amount against the warrants. The company noted that allottees have now paid the full exercise consideration on 21,30,000 warrants aggregating Rs. 11.50 crore within the 18-month SEBI ICDR window. Post-allotment, the paid-up equity capital rises to 59,928,790 shares (Rs. 11.98 crore) from 59,678,790 shares.
This is a routine completion of a previously announced preferential warrant issue, leading to a modest ~0.42% increase in the equity base. No new capital is being raised beyond what was already committed, so the impact on shareholding dilution is limited and largely already priced in.