CPS Shapers accepts resignation of Manikandan S as Factory Manager effective 23 Jun 2026

CPS Shapers has accepted the resignation of Mr. Manikandan S from the position of Factory Manager and Senior Management Personnel, effective June 23, 2026. The resignation was submitted due to personal reasons and accepted with immediate effect. This development was communicated to the National Stock Exchange of India Limited pursuant to Regulation 30 read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Mr. Manikandan S confirmed that there are no material reasons for his resignation other than the personal reasons cited in his letter. The company has disseminated this information to stakeholders as part of its regulatory compliance obligations. The disclosure was made under the provisions of SEBI Circular No.CIR/CFD/CMD/4/2015 dated September 9, 2015.

Resignation Details

The following table outlines the key particulars of the resignation disclosed by the company:

S. No.	Particulars	Details
1.	Name	Mr. Manikandan S
2.	Designation	Factory Manager and Senior Management Personnel
3.	Reason for change viz. Resignation	Due to Personal Reasons
4.	Date of Cessation	23 June, 2026

The resignation was formally accepted by the Managing Director, Abhishek Kamal Kumar, on behalf of the Board of Directors of CPS Shapers . The company confirmed that the detailed disclosure regarding the change in senior management personnel has been submitted to the stock exchange.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-2.52%	+7.78%	+6.82%	-5.49%	+23.51%	+118.53%

CPS Shapers Limited has received shareholder approval to vary the objects and terms of utilization for its Initial Public Offering (IPO) proceeds. The resolution was passed via a postal ballot process that concluded on June 13, 2026, with 100% of the valid votes cast in favour of the proposal. This approval allows the company to reallocate unutilized funds from specific original objects to funding working capital requirements, ensuring efficient capital management.

The special resolution sought consent to transfer unutilized amounts designated for the purchase of commercial vehicles, solar power systems, and IT software upgrades. The voting results showed strong support, with 1,674,750 votes polled in favour and zero votes against, meeting the required threshold of more than 90% of shareholding. The remote e-voting was conducted from May 15, 2026, to June 13, 2026, under the supervision of Ms. Deepali Kaushik, an Advocate appointed as the scrutinizer.

Utilization of IPO Proceeds

According to the scrutinizer's report, the company had raised a total of ₹1110.00 lakh through the IPO. As of the cut-off date of May 08, 2026, ₹1065.79 lakh, or 96.02% of the total proceeds, had been utilized. The remaining unutilized balance of ₹44.21 lakh was subject to the approved variation.

The table below details the original objects, the amounts raised, utilized, and the specific variations approved by shareholders:

Sr No	Original Object	Total Amount Raised (₹ in Lakhs)	Amount Utilised (₹ in Lakhs)	Amount Unutilized (₹ in Lakhs)	Details of Variation
1	Purchase of Plant and Machinery	178.68	178.68	NIL	No Change
2	Purchase of Commercial Vehicle	9.53	NIL	9.53	9.53 Lakhs allocated to Object 6
3	Funding of Solar Power System	21.00	NIL	21.00	21.00 Lakhs allocated to Object 6
4	Upgradation of IT Software	18.20	4.52	13.68	13.68 Lakhs allocated to Object 6
5	Repayment of borrowings	167.01	167.01	NIL	No Change
6	Funding working capital requirements	405.58	405.58	NIL	Received 9.53, 21.00, and 13.68 Lakhs from Objects 2, 3, and 4
7	General corporate purposes	182.00	182.00	NIL	No Change
8	IPO Issue Expenses	128.00	128.00	NIL	No Change
Total		1,110.00	1,065.79	44.21

Voting Details and Process

The postal ballot voting process was managed by M/s. Bigshare Services Private Limited. A total of 13 members participated in the remote e-voting. The company confirmed that no physical ballot forms were dispatched or received in accordance with relaxations provided by the Ministry of Corporate Affairs and the Securities and Exchange Board of India. The results of the postal ballot were declared on June 13, 2026.