Rajshree Polypack Limited has informed the Exchange regarding 'Allotment of 9,00,000 equity shares on conversion of Fully Convertible Warrants & consequential changes in the paid-up equity share capital. Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and in continuation to our earlier intimation dated December 11, 2023 regarding allotment of total Fully Convertible Warrants ( Warrants ) by way of preferential allotment on private placement basis to the persons belonging to Non-Promoter, Public Category , we would like to further inform that the Board of Directors of the Company vide a resolution passed by Circulation on June 07, 2025 has allotted 9,00,000 equity shares of face value of ₹ 5/- (Rupee One Only) each, on conversion of 1,50,000 Warrants, to 4 Allottees belonging to Non-Promoter, Public Category . '.
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Rajshree Polypack Limited has allotted 9,00,000 equity shares (face value ₹5 each) to 4 non-promoter allottees upon conversion of 1,50,000 Fully Convertible Warrants. The company received ₹2.35 crore as the balance 75% amount at ₹156.75 per warrant, with the original issue price being ₹209 per warrant. This is a follow-up to the warrant allotment made in December 2023. As a result, the paid-up equity share capital increased from ₹36.67 crore to ₹37.12 crore, and total equity shares rose from 7,33,44,000 to 7,42,44,000. About 50,000 warrants are still pending conversion, with holders having 18 months to exercise them. The allottee list includes Hemant Gadodia, Pravin Jain, Rekha Pravin Jain, and Kennis Ventures Private Limited.
This is a routine warrant-to-equity conversion that slightly expands the share base (by about 1.2%) and brings in additional capital. Mildly dilutive for existing shareholders, but the company had already disclosed this eventuality when the warrants were first issued in December 2023, so there is no surprise element.