CPS Shapers Sets June 12 EGM for Preferential Issue
CPS Shapers Limited has scheduled an Extra Ordinary General Meeting (EGM) on June 12, 2026, to seek shareholder approval for a preferential issue of equity shares. The company proposes to issue up to 31,275 shares at Rs. 1,088 each, aggregating to Rs. 3.40 crore, to fund capital expenditure and working capital. The meeting will be held via video conferencing, with remote e-voting facilities open from June 9 to June 11, 2026.
*this image is generated using AI for illustrative purposes only.
The Board of Directors of CPS Shapers Limited has scheduled an Extra Ordinary General Meeting (EGM) on Friday, June 12, 2026, at 04:00 P.M. The meeting will be held through Video Conferencing (VC) or Other Audio Visual Means (OAVM) to seek shareholder approval for the preferential allotment of equity shares. The company has also made arrangements for remote e-voting facilities, which will be available from Tuesday, June 09, 2026, at 09:00 A.M. until Thursday, June 11, 2026, at 05:00 P.M. Members whose names appear in the Register of Members as on the cut-off date of Friday, June 05, 2026, are entitled to vote.
Preferential Issue Details
The proposed special resolution seeks approval to issue up to 31,275 equity shares of face value Rs. 10/- each at an issue price of Rs. 1088/- per share, including a premium of Rs. 1078/- per share. The total issue size aggregates to Rs. 3,40,27,200/-. The funds raised are intended for the construction of a new factory, purchase of plant & machinery, and working capital requirements. The relevant date for determining the issue price is May 13, 2026.
Allottee-Wise Breakdown
The preferential allotment is proposed across 17 allottees, comprising both promoter and non-promoter categories. The table below details the shares to be allotted and the post-issue shareholding percentage for key allottees:
| Allottee | Category | Shares to be Allotted | Post % |
|---|---|---|---|
| Abhishek Kamal Kumar | Promoter | 1,380 | 49.71 |
| Pankaj Prashoon | Non-promoter | 5,055 | 5.10 |
| Siddhartha Daga | Non-promoter | 6,900 | 1.01 |
| Danielle Parikh | Non-promoter | 2,300 | 0.10 |
| Vikram Chirimar | Non-promoter | 2,300 | 0.10 |
The resolution requires a special majority. The equity shares allotted will rank pari-passu with existing shares and will be subject to lock-in requirements as per SEBI ICDR Regulations, 2018. The company has appointed Ms. Deepali Kaushik as the scrutinizer for the e-voting process.
Historical Stock Returns for CPS Shapers
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.24% | 0.0% | +5.61% | +11.89% | +36.19% | +119.04% |
How will the new factory construction and machinery purchases funded by this preferential allotment impact CPS Shapers' production capacity and revenue growth over the next 2-3 years?
Given that the issue price of Rs. 1088/- represents a significant premium over face value, how might this valuation affect the stock's market performance once the lock-in period under SEBI ICDR Regulations expires?
With Pankaj Prashoon and Siddhartha Daga emerging as significant non-promoter shareholders post-allotment, could this signal potential strategic partnerships or shifts in the company's business direction?
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