Description
BSE lists 4,52,000 new equity shares of Kanpur Plastipack Limited issued on a preferential basis via conversion of warrants, effective March 5, 2026. Shares are subject to lock-in periods ranging from September 2026 to September 2027.
Summary
BSE has notified trading members that 4,52,000 new equity shares of Kanpur Plastipack Limited (Scrip Code: 507779, ISIN: INE694E01014) are listed and permitted to trade on the Exchange with effect from Thursday, March 5, 2026. The shares were issued on a preferential basis to Promoters and Non-Promoters pursuant to conversion of warrants at an issue price of Rs. 130/- per share (face value Rs. 10/- + premium Rs. 120/-).
Key Points
- Scrip Code: 507779 | ISIN: INE694E01014
- Number of shares listed: 4,52,000 equity shares of Rs. 10/- each
- Issue price: Rs. 130/- per share (at a premium of Rs. 120/-)
- Allotment type: Preferential basis to Promoters and Non-Promoters via conversion of warrants
- Date of allotment: December 9, 2025
- Trading effective from: March 5, 2026
- Distribution numbers: 23574540 to 24026539
- Shares rank pari-passu with existing equity shares of the company
Regulatory Changes
No new regulatory changes. This is a routine listing notification pursuant to a preferential allotment already approved and completed.
Compliance Requirements
- Trading members are informed to update their records to reflect the newly listed securities.
- Lock-in restrictions must be observed as detailed below; shares under lock-in are not eligible for trading until the respective lock-in expiry dates.
Important Dates
| Event | Date |
|---|---|
| Date of Allotment | December 9, 2025 |
| Trading permitted from | March 5, 2026 |
| Lock-in expiry (80,000 shares – Dist. 23889540–23969539) | September 30, 2026 |
| Lock-in expiry (22,000 shares – Dist. 23969540–23991539) | October 1, 2026 |
| Lock-in expiry (35,000 shares – Dist. 23991540–24026539) | September 30, 2026 |
| Lock-in expiry (3,15,000 shares – Dist. 23574540–23889539) | September 30, 2027 |
Impact Assessment
The listing adds 4,52,000 shares to the tradable float of Kanpur Plastipack Limited, though the majority (3,15,000 shares) remain under lock-in until September 30, 2027. Only 1,37,000 shares will be freely tradable from March 5, 2026, limiting immediate dilution impact on existing shareholders. The preferential allotment at Rs. 130/- per share reflects the company’s capital-raising activity through warrant conversion. Market impact is expected to be minimal given the relatively small size of the issuance.
Impact Justification
Routine listing of new equity shares from preferential allotment via warrant conversion for a single mid/small-cap company; no broad market or regulatory implications.