Kanpur Plastipack Limited — QIP/Rights/Pref., 24-12-2024: Conversion

The company has approved the allotment of 10,08,000 equity shares at an issue price of ₹116.50 each upon conversion of the same number of warrants. This transaction raised ₹8.22 Crore, with warrant holders providing 70% of the issue price, totaling ₹81.50 per warrant. Prominent allotters include Manoj Agarwal and Shashank Agarwal, among others. Following this conversion, 7,52,000 warrants remain pending for conversion, and warrant holders are entitled to convert them within 18 months by paying the remaining amount. The total paid-up equity capital now stands at ₹22.47 Crore.