StockWatch
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Packaging
Board Meeting24 Jul 2026, 06:21 pm

Pankaj Polymers Approves Equity & Warrant Issue, Rebranding to Rupia Tech/Fin

AI Summary

Pankaj Polymers Ltd's Board of Directors has approved significant corporate actions including the preferential issuance of up to 8,55,000 equity shares at ₹81 per share and up to 22,20,000 warrants convertible into equity shares at ₹81 per warrant. These issuances are targeted at Non-Promoter and Promoter Group categories, subject to shareholder and regulatory approvals. The company also proposed a rebranding to 'Rupia Tech Limited' or similar, alongside alterations to its Memorandum of Association to focus on technology and fintech, and a shift of its registered office from Telangana to Delhi.

Key Highlights

  • Board approves preferential issue of equity shares and warrants.
  • Proposed rebranding to 'Rupia Tech Limited' or similar.
  • Company to alter MOA for technology and fintech focus.
  • Registered office to shift from Telangana to Delhi.
  • Auditors appointed to fill casual vacancy.