Description

BSE lists 4,52,000 new equity shares of Kanpur Plastipack Limited for trading effective March 5, 2026, issued at Rs. 130/- per share on a preferential basis pursuant to conversion of warrants.

Summary

BSE has notified trading members that 4,52,000 new equity shares of Kanpur Plastipack Limited (Scrip Code: 507779) are listed and permitted to trade on the Exchange with effect from Thursday, March 5, 2026. These shares were issued at Rs. 130/- per share (face value Rs. 10/- at a premium of Rs. 120/-) to Promoters and Non-Promoters on a preferential basis pursuant to conversion of warrants. The new shares rank pari-passu with existing equity shares.

Key Points

  • Scrip Code: 507779 | ISIN: INE694E01014
  • Number of Shares: 4,52,000 equity shares
  • Face Value: Rs. 10/- per share; Issue Price: Rs. 130/- (premium of Rs. 120/-)
  • Allottees: Promoters and Non-Promoters via preferential allotment
  • Basis: Conversion of warrants
  • Date of Allotment: December 9, 2025
  • Trading Effective Date: March 5, 2026
  • Distribution Numbers: 23574540 to 24026539
  • All new shares rank pari-passu with existing equity shares

Regulatory Changes

No regulatory changes. This is a standard listing notification following a preferential allotment approved under applicable SEBI regulations governing warrant conversions.

Compliance Requirements

  • Trading members may deal in the newly listed securities from March 5, 2026 onwards, subject to applicable lock-in restrictions.
  • Locked-in shares must not be traded until their respective lock-in expiry dates as specified below.

Important Dates

  • Date of Allotment: December 9, 2025
  • Trading Commencement: March 5, 2026
  • Lock-in Details:
    • 3,15,000 shares (Dist. Nos. 23574540–23889539): locked in until September 30, 2027
    • 80,000 shares (Dist. Nos. 23889540–23969539): locked in until September 30, 2026
    • 22,000 shares (Dist. Nos. 23969540–23991539): locked in until October 1, 2026
    • 35,000 shares (Dist. Nos. 23991540–24026539): locked in until September 30, 2026

Impact Assessment

The listing of 4,52,000 new shares increases the tradable float of Kanpur Plastipack Limited, though the majority (3,15,000 shares, ~70%) remain locked in until September 2027. The freely tradable portion at listing is zero, as all newly issued shares are under lock-in. Market impact is expected to be limited in the near term given the lock-in constraints. Existing shareholders should note the dilution effect from the preferential allotment at Rs. 130/- per share.

Impact Justification

Routine listing of preferentially allotted shares with lock-in conditions; relevant primarily to Kanpur Plastipack shareholders and traders of scrip code 507779.