Kanpur Plastipack Limited has informed the Exchange regarding allotment of 333700 equity shares pursuant to Preferential Issue at its meeting held on November 01, 2025
KANPRPLA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Kanpur Plastipack has allotted 3,33,700 equity shares to its Promoter, Mr. Manoj Agarwal, at ₹202.61 per share (including a premium of ₹192.61), aggregating to about ₹6.76 crore. This is part of a deal to acquire 76.19% in UK-based Valex Ventures Limited, a FIBC (jumbo bag) distributor, from the Promoter himself for a total consideration of ₹8.02 crore, with the balance ₹1.25 crore payable in cash. Post-allotment, Mr. Agarwal's stake in Kanpur Plastipack rises from 10.42% to 11.69%, and Valex will become a subsidiary of the company. Valex reported FY25 revenue of GBP 11.68 lakh and net profit of GBP 29,052. The transaction is a related-party deal, classified as done at arm's length based on independent valuations.
The share issuance is small (only one allottee, the Promoter) and primarily a mechanism to fund an acquisition, so direct dilution for existing retail shareholders is limited. However, this is a related-party acquisition where the listed company is buying an entity from its own Promoter, so shareholders should monitor whether the deal truly benefits the company and provides fair value.