Kanpur Plastipack Limited — Others, 25-06-2025: Shareholders meeting

Kanpur Plastipack Limited has announced a board meeting to approve the issuance and allotment of 10,12,000 fully convertible equity warrants at Rs. 130 each via preferential private placement. The warrants, totaling Rs. 13.16 Cr, will be offered to both promoter and non-promoter individuals and entities. Subscribers must pay 25% upfront, with the balance due upon conversion within 18 months. The resulting equity shares will carry full dividend and voting rights and be listed on stock exchanges post necessary approvals. This capital raise aims to strengthen the company’s financial position and support growth initiatives.