Kanpur Plastipack Limited — QIP/Rights/Pref., 15-05-2025: Issue of Securities

Kanpur Plastipack Limited approved a preferential issue of up to 10.12 lakh fully convertible equity warrants at ₹130 each, aiming to raise ₹13.16 Cr. Each warrant can be converted into one equity share, with an initial payment of ₹40 per warrant and the balance ₹90 payable on conversion within 18 months. Nine investors, including promoters and associates, are participating. The raised funds will support the company’s growth plans and capital needs. Shareholder approval will be sought at an upcoming EGM.