Kanpur Plastipack Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 09/12/2025 ,inter alia, to consider and approve allotment of equity shares ....
KANPRPLA · price
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Kanpur Plastipack has informed BSE that a meeting of its Preferential Issue Committee is scheduled on December 9, 2025, to consider and approve the allotment of equity shares arising from the conversion of warrants. This follows the original allotment of 10,12,000 fully convertible warrants on May 15, 2025, at an issue price of ₹130 per warrant (including a premium of ₹120 per warrant). All allottees have now paid the balance issue price and confirmed their intention to convert the warrants into equity shares of ₹10 face value. The company is a manufacturer and exporter of FIBC bags, PP multifilament yarn, and related products based in Kanpur.
The conversion will increase the company's outstanding equity share count as 10.12 lakh warrants are converted into shares, leading to equity dilution for existing shareholders. The company is receiving the balance warrant money, which strengthens its capital position.