CPS Shapers Limited has secured in-principle approval from the National Stock Exchange of India (NSE) to raise funds through a preferential issue of equity shares. The exchange granted the approval via letter reference NSE/LIST/55263 dated June 11, 2026, allowing the company to issue 31,275 equity shares. This capital raise is critical for the company's funding proposal, enabling it to allot shares to both promoters and non-promoters at a predetermined price.

The preferential issue involves equity shares with a face value of ₹10 each, priced at ₹1,088 per share. The approval is subject to strict compliance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, and the Companies Act, 2013. The company must fulfill several conditions, including filing a listing application immediately after allotment and obtaining necessary statutory approvals from authorities such as SEBI, RBI, and MCA.

Key Details of the Preferential Issue

The following table outlines the specific parameters of the approved share issue:

Compliance and Monitoring Conditions

The NSE has mandated that cps shapers strengthen its internal controls to monitor trades executed by the proposed allottees. Specifically, the company must obtain an undertaking from allottees confirming they will not engage in intra-day trading or sell any shares in the company until the allotment date. This measure is intended to prevent non-compliances regarding trades executed by allottees in contravention of SEBI (ICDR) Regulations.

The responsibility for verifying this compliance lies solely with the issuer company. The NSE warned that any non-compliance observed post-allotment could impact the listing of the issued shares. The exchange reserves the right to withdraw the in-principle approval if the information provided is found to be incomplete, incorrect, or misleading.

CPS Shapers Limited has revised the list of proposed allottees for its preferential issue of equity shares, substituting two non-promoter applicants with an existing investor ahead of its upcoming Extraordinary General Meeting (EGM). The company informed the National Stock Exchange of India Limited that the corrigendum to the EGM notice was published in newspapers on May 30, 2026.

The Board of Directors approved the revision during its meeting on May 13, 2026. Under the updated proposal, Ms. Alka Shah and Mr. Harshal Anjaria, who were initially listed under the non-promoter category, have been removed. They are replaced by Mr. Pankaj Prasoon, who is already part of the proposed allottees. Consequently, Mr. Prasoon will subscribe to the additional shares originally allocated to the removed applicants.

The EGM is scheduled to be held through video conferencing on June 12, 2026. Shareholders will vote on a resolution to approve the issuance of equity shares to promoters and non-promoters on a preferential basis. The explanatory statement and relevant portions of the notice have been modified to reflect the changes in the allottee names and allocation details.

The company clarified that the total number of equity shares proposed to be issued, the issue price per share, and the aggregate size of the preferential issue remain unchanged. The terms and conditions of the issue also stay the same. The corrigendum forms an integral part of the original EGM notice circulated on May 13, 2026.

Proposed Allottees

Bhawna Kumar, Whole Time Director of CPS Shapers Limited , signed the communication to the exchange. The company requested that the corrigendum be placed on record for information purposes.