CPS Shapers Limited Approves Preferential Share Allotment and Key Management Appointments
CPS Shapers Limited announced several significant corporate decisions following its Board meeting held on June 26, 2026. The Board approved the preferential allotment of equity shares along with critical appointments and promotions within the company's senior management team.The Board sanctioned the allotment of 31,275 Equity Shares to Promoter group and non-promoters under a preferential basis. These shares were issued at an issue price of Rs. 1088 per equity share, comprising a premium of Rs. 1078 per equity share. The total aggregate value of the allotment amounted to Rs. 3,40,27,200.
Details pertaining to the preferential issue are provided below:
| Particulars | Details |
|---|---|
| Type of securities allotted | Equity Shares |
| Total number of securities issued | 31,275 Equity Shares |
| Issue price / Allotted Price | Rs. 1088 /- |
| Issuance Type | Preferential issue |
The allotment involved several investors, including Abhishek Kamal Kumar (Promoter), and other non-promoters such as Amit Mehta, Ashwini Sunil Chavan, Cherry Mehta, Deepika Raisoni, Kushal Agarwal, Lalit Agrawal, Manasi Sunil Chavan, Pankaj Prasoon, Harsh Mehta, Aarya ketan kotecha, Mohak Mehta, Siddhartha Daga, and Vikram Chirimar.
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Key Personnel Appointments and Promotions
The Board also reviewed and approved key personnel changes in the company's senior management structure. These appointments and promotions took effect on June 26, 2026.Mr. Gnanasekar Baskaran was appointed as Factory Manager & Industrial Engineer and Senior Management Personnel of the company. In this role, Mr. Baskaran is responsible for overseeing factory operations, production planning, process optimization, quality standards, and resource management.
Additionally, Mr. Rohit Prasad was appointed as National Head - Sales & Marketing and Senior Management Personnel. His responsibilities include leading nationwide sales and marketing functions, driving revenue growth, business development, and strategic planning.
Furthermore, the company promoted Mr. Sonu Singh Rawat from Business Development Manager to Global E-Commerce Head and Senior Management Personnel. Mr. Rawat is tasked with leading global e-commerce strategy, driving online sales growth, digital expansion, and managing marketplace operations across regions.
CPS Stock Price Movement
Shares of C P S Shapers Limited slipped by 2.56% on Thursday to close at ₹1032.55, shedding ₹27.10 from the previous day's close. The stock saw tight intraday action, trading within a range and registering volumes of 300 shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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