Kanpur Plastipack Limited — QIP/Rights/Pref., 02-05-2025: Conversion

Kanpur Plastipack has announced a board meeting on May 12, 2025, to consider the financial results for the quarter and half-year. The company converted 7.52 lakh convertible warrants into equity shares at ₹116.50 each, raising ₹6.13 Cr. This raised the paid-up equity capital to ₹23.23 Cr from 2.32 crore shares. Both promoters and public investors participated, with promoters’ holding increasing slightly after the allotment. No warrants remain pending.