Kanpur Plastipack Limited Allots Equity Shares Upon Conversion of Warrants
Kanpur Plastipack Limited announced on March 23, 2026, the allotment of 4,66,500 equity shares on the conversion of an equal number of warrants. The allotment was approved by the company’s Preferential Issue Committee. The equity shares were issued to promoters and public category investors at an issue price of ₹130 per share, including a premium of ₹120. Investors paid ₹90 per warrant to exercise their conversion rights.The following table details the allotment of shares to individual investors:
| Sr. No | Name of Allottees | Category (Promoter- Non Promoter) | No. of warrants held (prior to conversion) | No. of warrants applied for conversion | No. of Equity Shares allotted | Amount received @ ₹90 /- per Warrant | No. of warrants pending for conversion |
|---|---|---|---|---|---|---|---|
| 1 | Manoj Agarwal | Promoter | 55,000 | 55,000 | 55,000 | 49,50,000 | 0 |
| 2 | Shashank Agarwal | Promoter | 92,000 | 64,500 | 64,500 | 58,05,000 | 27,500 |
| 3 | Usha Agarwal | Promoter | 20,000 | 20,000 | 20,000 | 18,00,000 | 0 |
| 4 | Manjari Agarwal | Promoter | 13,000 | 13,000 | 13,000 | 11,70,000 | 0 |
| 5 | Raghushree Earning Solutions LLP | Promoter | 2,10,000 | 1,44,000 | 1,44,000 | 1,29,60,000 | 66,000 |
| 6 | Jayatika Goyal | Non-Promoter | 1,00,000 | 1,00,000 | 1,00,000 | 90,00,000 | 0 |
| 7 | Kanika Mahadevwala | Non-Promoter | 28,000 | 28,000 | 28,000 | 25,20,000 | 0 |
| 8 | Rohit Rajpal | Non-Promoter | 21,000 | 21,000 | 21,000 | 18,90,000 | 0 |
| 9 | Sachit Passi | Non-Promoter | 21,000 | 21,000 | 21,000 | 18,90,000 | 0 |
| Total | 5,60,000 | 4,66,500 | 4,66,500 | 4,19,85,000 | 93,500 |
Following the conversion, 93,500 warrants remain pending for conversion, with holders entitled to convert them into equity shares by paying the remaining 70% (₹90) per warrant within 18 months.
The company’s issued, subscribed, and paid-up equity share capital now stands at ₹24,47,89,580, consisting of 2,44,78,958 fully paid-up equity shares of ₹10 each. These newly allotted shares rank pari passu with existing shares.
Rajiv Mehrotra & Associates, Chartered Accountants, certified that the company received ₹4,19,85,000 from the allottees.
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