CPS Shapers Limited Finalizes Preferential Issue and Announces Key Management Appointments
CPS Shapers Limited announced significant outcomes from its Board of Directors meeting held on June 26, 2026. The approvals included a preferential allotment of equity shares and key appointments and promotions within its senior management team.The company approved the preferential issue of Equity Shares totaling 31,275 to both promoter group members and non-promoters. These shares were issued at an issue price of Rs. 1088 per equity share, against a face value of Rs. 10 each. The transaction aggregated to Rs. 3,40,27,200.
Management Changes Approved
The Board Meeting also approved several appointments and promotions relating to senior management personnel (SMPs) of the company. These changes include filling vacancies in critical operational and sales roles, alongside a significant internal promotion.Mr. Gnanasekar Baskaran was appointed as Factory Manager & Industrial Engineer and SMP. This appointment fills a vacancy that arose due to the resignation of a previous Senior Management Personnel. Mr. Baskaran is responsible for overseeing factory operations, production planning, process optimization, quality standards, and cost control.
Similarly, Mr. Rohit Prasad was appointed as National Head - Sales & Marketing and SMP. The role filled by this appointment followed the resignation of the former personnel in this capacity. Mr. Prasad's duties involve leading nationwide sales and marketing functions, driving revenue growth, business development, and market expansion.
Additionally, Mr. Sonu Singh Rawat received a promotion from Business Development Manager to Global E-Commerce Head and SMP. In this elevated role, he is responsible for the company's global e-commerce strategy, digital expansion, marketplace management, and driving online sales growth.
Details of Preferential Allotment
The details concerning the preferential issue include:| Particulars | Details |
|---|---|
| Type of securities allotted | Equity Shares |
| Issuance type | Preferential issue |
| Total number of shares issued | 31,275 Equity Shares |
| Issue Price / Allotted Price | Rs. 1088 /- |
Allottee Details Summary
The allotment was distributed among several individuals across both the promoter and non-promoter categories. The following table details key allocation information:| Name of the proposed allottee | Category | No of equity shares allotted | Issue size (In Rs.) | Pre Shares | Post Shares |
|---|---|---|---|---|---|
| Abhishek Kamal Kumar | Promoter | 1,380 | 15,01,440 | 11,40,000 | 11,41,380 |
| Amit Mehta | Non- promoter | 1,380 | 15,01,440 | 300 | 1,680 |
| Ashwini Sunil Chavan | Non- promoter | 920 | 10,00,960 | 0 | 920 |
| Cherry Mehta | Non- promoter | 1,380 | 15,01,440 | 300 | 1,680 |
| Danielle Parikh | Non- promoter | 2,300 | 25,02,400 | 0 | 2,300 |
| Deepika Raisoni | Non- promoter | 2,300 | 25,02,400 | 1,500 | 3,800 |
| Kushal Agarwal | Non- promoter | 920 | 10,00,960 | 5,700 | 6,620 |
| Lalit Agrawal | Non- promoter | 920 | 10,00,960 | 14,400 | 15,320 |
| Manasi Sunil Chavan | Non- promoter | 460 | 5,00,480 | 0 | 460 |
| Pankaj Prasoon | Non- promoter | 6,435 | 70,01,280 | 1,13,400 | 1,19,835 |
Stock Price Movement
At the close of trade on Monday, Longview Tea Company Ltd., which is suspended due to penal reasons, settled at ₹14.82, having fallen 5.00%. Shares ranged throughout the day between a high of ₹15.60 and a low of ₹14.82.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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