Allotment of 9,00,000 equity shares on conversion of Fully Convertible Warrants & consequential changes in…
As filed · Rajshree Polypack Limited has informed the Exchange regarding Allotment of 9,00,000 equity shares on conversion of Fully Convertible Warrants & consequential changes in the paid-up equity share capita
What happened
FactRajshree Polypack Limited has informed the Exchange regarding Allotment of 9,00,000 equity shares on conversion of Fully Convertible Warrants & consequential changes in the paid-up equity share capital. 9,00,000 equity shares of face value of ₹ 5/- (Rupee One Only) each, on conversion of 1,50,000 Warrants,. Equity Shares of the Company by paying remaining 75% i.e., Rs. 156.75/- per warrant within 18 months.
Why it matters
CapitSignal interpretationShares are issued to named investors at a set price, diluting existing holders and changing who sits on the register.
What management said before
Prior statements by this company that CapitSignal has recorded changing.
Capex
RevisedWe remain bullish on the Injection Moulding products category with addition of another 1,000 MTPA capacity under toll manufacturing arrangement.
This will take our total installed capacity to 5,800 MTPA and will enable us focus on catering to both domestic as well as export markets.
Change
FactImplication
CapitSignal interpretationWatch next
Fact- Who the allottees are
- Issue price versus market price
- Lock-in period on the new shares
- We should be able to go to 420 to 430 crores. (management committed by FY28)
- For the financial year 26-27, we are looking at roughly 370 to 380 odd crore of revenue. (management committed by FY27)
Evidence
How CapitSignal classified this
- Reasoning:
- PREFERENTIAL_ALLOTMENT base 66; +4 corroborating keywords; +5 quantified amount; +3 quantified percentage; matched on subject
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 90%