Kanpur Plastipack Limited has informed the Exchange regarding allotment of 466500 securities pursuant to conversion of warrants at its meeting held on March 23, 2026
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Kanpur Plastipack has allotted 4,66,500 equity shares to 9 allottees (5 promoters and 4 non-promoters) on conversion of an equal number of warrants. The shares were issued at ₹130 each, including a ₹120 premium, with the balance 70% amount (₹90 per warrant) received from the allottees, aggregating to about ₹4.20 crore. This follows the original allotment of 10,12,000 convertible warrants made on a preferential basis on May 15, 2025. Post this conversion, the company's paid-up equity share capital has risen to ₹24.48 crore, comprising 2,44,78,958 equity shares of ₹10 each. About 93,500 warrants are still pending conversion and can be exercised within 18 months from the date of original allotment.
This is a routine follow-through on a previously announced preferential warrant issue, leading to a small equity dilution. Promoter participation signals continued confidence, but the stock may see minor dilution pressure with the new shares ranking pari-passu with existing equity.