Kanpur Plastipack Limited has informed the Exchange regarding Minutes of the Postal Ballot.
KANPRPLA · price
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Kanpur Plastipack Limited has filed the minutes of its Postal Ballot that concluded on 19th December 2025. Two Special Resolutions were put to vote and both passed with overwhelming majority. The first resolution approved the 'Kanpur Plastipack Limited Employee Stock Option Scheme-2025' (ESOP), allowing up to 5,00,000 stock options exercisable into 5 lakh equity shares of Rs. 10 face value each, to be granted to employees and directors via fresh allotment. This resolution received 99.999% votes in favour (1,57,32,583 votes from 55 shareholders). The second resolution confirmed the appointment of Shri Basant Seth (DIN: 02798529) as an Independent Director for 5 years (up to 9th November 2030), approved by 99.99% of votes cast. The scrutinizer, Shri Adesh Tandon, submitted his report on 22nd December 2025 confirming the results.
Shareholders should note the approval of a new ESOP scheme that could lead to dilution of up to 5 lakh equity shares (small relative to existing share base) over time as options are granted and exercised. Additionally, the board has been strengthened with a new Independent Director for a 5-year term, which is a routine governance matter. Both resolutions enjoyed near-unanimous shareholder support, signalling strong alignment between management and investors.