Kanpur Plastipack Allots 93,500 Shares on Warrant Conversion

Kanpur Plastipack Ltd announced the allotment of 93,500 equity shares following the conversion of an equal number of warrants. The conversion was approved by the Preferential Issue Committee of the Board of Directors. The issue price per share was ₹130, including a premium of ₹120. The company received the balance issue price of ₹90 per warrant from the allottees. This conversion increases the company's issued, subscribed, and paid-up equity share capital to ₹24,57,24,580, comprising 2,45,72,458 equity shares of ₹10 each. The new shares rank pari-passu with existing equity shares. No warrants remain pending for conversion.