Kanpur Plastipack Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 23/03/2026 ,inter alia, to consider and approve Intimation of Meeting of ....
KANPRPLA · price
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Kanpur Plastipack has called a meeting of its Preferential Issue Committee on March 23, 2026, to approve the allotment of equity shares following the conversion of warrants. This relates to 10,12,000 fully convertible warrants that were originally allotted on May 15, 2025 at an issue price of ₹130 per warrant (including a ₹120 premium), each convertible into one equity share of ₹10 face value. All warrant holders have paid the remaining balance amount and have formally requested conversion into equity shares. Once approved, the company will issue 10,12,000 new equity shares, increasing its share capital accordingly.
This is largely an administrative step since the funds have already been received. Shareholders should expect a modest dilution of around 10.12 lakh new shares, which may slightly pressure the stock in the short term but reflects capital already raised by the company.