Kanpur Plastipack Ltd. Allots 4,66,500 Equity Shares Following Conversion of Warrants

Kanpur Plastipack Ltd. has allotted 4,66,500 equity shares on conversion of warrants at an issue price of ₹130/- (Rupees One Hundred Thirty Only) each, to promoters and public category allottees. The allotment is pursuant to the exercise of their rights of conversion of warrants into equity shares. The warrant holders are entitled to get their warrants converted into Equity Shares of the Company by paying remaining 70% i.e., ₹90/-(Rupees Ninety only) per warrant within 18 months from the date of allotment. The Issued, Subscribed and Paid-up Equity Share Capital of the Company stands increased to ₹ 24,47,89,580/- consisting of 2,44,78,958 fully paid-up Equity Shares of ₹10/-each.