Kanpur Plastipack Limited shareholders unanimously approved all seven resolutions placed before them at the company’s 55th Annual General Meeting (AGM) held on August 10, 2026. The meeting, conducted at the company’s registered office in Kanpur, Uttar Pradesh, secured full backing for critical governance matters, including the reappointment of top management, the declaration of a final dividend for the financial year ended March 31, 2026, and the ratification of auditor remuneration. The outcome signals strong shareholder confidence in the company’s leadership and strategic direction.

The voting results were submitted to the BSE and NSE under Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Adesh Tandon, a practicing Company Secretary, served as the independent scrutinizer for the e-voting and poll processes. The record date for determining voting eligibility was August 5, 2026, with a total of 8,139 shareholders on record. Of these, 36 shareholders participated in the meeting either in person or through proxy, while no shareholders attended via video conferencing. Remote e-voting was facilitated by National Securities Depository Limited (NSDL) from August 7 to August 9, 2026.

Key Resolutions Approved

All resolutions were passed with requisite majority. The promoter group, holding 16,653,420 shares, cast 15,597,712 votes in favor of every resolution. Public non-institutional shareholders, holding 7,825,538 shares, also voted overwhelmingly in favor, with only three votes cast against across all resolutions. No invalid votes were recorded.

Management Continuity

A significant outcome of the AGM was the continuity of the company’s senior leadership. Shareholders approved the special resolution to reappoint Shri Manoj Agarwal as Chairman cum Managing Director. Additionally, the board sought approval for changes in the terms of payment for Shri Shashank Agarwal, Deputy Managing Director, which was also passed. Smt Usha Agarwal, who retired by rotation, was reappointed as a director, and her remuneration as a Non-Executive Director effective April 1, 2026, was ratified by shareholders.

What the Numbers Show

The voting data reveals near-total alignment between the promoter group and public shareholders on all agenda items. With 100% of polled votes in favor for both promoters and public non-institutions (excluding three negligible opposing votes), there is no visible dissent regarding the company’s financial statements or governance appointments. The high participation rate from the promoter group (93.66% of held shares voted) underscores their active engagement in corporate governance matters.

Kanpur Plastipack Limited will hold a meeting of its Preferential Issue Committee on August 13, 2026, to approve the allotment of equity shares arising from the conversion of fully convertible warrants. The company confirmed that it has received requests from allottees along with confirmation of payment for the balance issue price, enabling the conversion process to proceed in accordance with regulatory requirements.

The Board of Directors had previously approved the allotment of 10,12,000 fully convertible equity warrants on May 15, 2025. These warrants were issued at an issue price of ₹130 per warrant, which includes a premium of ₹120. Each warrant is convertible into one fully paid-up equity share of ₹10 each, subject to the payment of the balance issue price within the specified period.

The upcoming committee meeting is convened under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The primary agenda is to consider and approve the final allotment of equity shares upon receipt of the balance funds from the allottees who have exercised their right of conversion.

Transaction Details

The company stated that the conversion is being processed in accordance with the provisions of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018. The intimation was submitted to both the BSE Limited and the National Stock Exchange of India Limited.

Ankur Srivastava, Company Secretary & Compliance Officer, signed the disclosure. The move represents the final step in capitalizing the warrants issued earlier this year, converting debt-like instruments into permanent equity capital for the manufacturer of flexible intermediate bulk containers and polypropylene multifilament yarn.