CP Capital Limited approved a preferential issue of up to 16,45,000 fully convertible warrants to its promoter and promoter group entities. The warrants are priced at ₹152 each, aggregating up to ₹25,00,40,000.

The board meeting held on October 9, 2026, also sanctioned amendments to the Articles of Association to enable the issuance of such convertible securities. This procedural step is necessary to align the company’s governance framework with SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.

Warrant Structure and Pricing

The proposed warrants carry a right to subscribe to one equity share with a face value of ₹10 each. The issue price of ₹152 includes a premium of ₹142 per equity share. The pricing was determined in accordance with Chapter V of the SEBI ICDR Regulations.

Subscribers will pay 25% of the issue price at the time of subscription, with the remaining 75% payable upon exercise of the warrants. The tenor for these instruments is 18 months from the date of allotment. Any unconverted warrants will lapse, and the amount paid on them will stand forfeited.

Allotment Details

The warrants will be issued to ten specific allottees within the promoter group. Each entity is allocated an equal number of warrants, totaling 1,64,500 per allottee.

Shareholding Impact

The post-preferential issue shareholding is calculated on a fully diluted basis, assuming full exercise of all warrants. The transaction results in a marginal shift in ownership percentages among key promoters.

What the Numbers Show

The issue price of ₹152 represents a premium of ₹1.20 over the determined floor price of ₹150.80 per equity share. This narrow margin suggests the pricing is closely aligned with regulatory minimums rather than commanding a significant market premium. Additionally, the equal distribution of warrants across all ten allottees indicates a proportional strengthening of the entire promoter group’s stake rather than a concentration in a single individual.

CP Capital Limited held its 26th Annual General Meeting on September 29, 2026. The meeting was conducted entirely through Video Conferencing and Other Audio Visual Means in compliance with regulatory guidelines.

Fifty-three members joined the virtual session, which commenced at 4:00 pm and concluded at 4:22 pm. The Chairman, Pramod Kumar Maheshwari, chaired the meeting after confirming the requisite quorum was present. All directors, including the chairpersons of the Audit, Stakeholders Relationship, and Nomination & Remuneration committees, attended the proceedings.

Resolutions transacted

The business of the meeting involved the adoption of financial statements and directorial appointments. The audited standalone and consolidated financial statements for the fiscal year ended March 31, 2026, were taken as read and adopted by ordinary resolution. Additionally, Mr. Maheshwari’s re-appointment as Whole Time Director, designated as Chairman, Managing Director, and CEO, was approved alongside his remuneration package.

Voting and compliance details

All five resolutions listed in the notice dated August 14, 2026, were put to vote using the NSDL e-voting system. Members present virtually who had not previously cast their votes electronically exercised their right to vote during the meeting. The company stated that combined results from remote e-voting and live e-voting will be declared within 48 hours of the meeting's conclusion.

The final voting outcomes, along with the scrutinizer’s report, will be uploaded to the stock exchanges and the company website simultaneously. This disclosure complies with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.