Captain polyplast Limited has successfully completed the allotment of 2,50,000 equity shares on January 31, 2026, following the conversion of warrants issued under a preferential allotment scheme. The board of directors approved this allotment during their meeting held from 12:30 PM to 1:30 PM on the same day.

Warrant Conversion Details

The allotment involved the conversion of 2,50,000 warrants into an equivalent number of equity shares on a 1:1 ratio. The warrants were converted after the company received the balance 75% payment against each warrant, completing the full subscription amount required for conversion.

Allottee Information

The entire allotment of 2,50,000 equity shares was made to a single investor, Harish Yashvant Kariya, who belongs to the non-promoter group. The allotment was executed on a preferential basis as per the original warrant issuance terms.

Impact on Share Capital

The warrant conversion has resulted in an increase in the company's paid-up equity share capital. The company confirmed that it received the warrant exercise consideration within the prescribed 18-month period from the date of original warrant allotment, as mandated under SEBI (ICDR) Regulations, 2018.

Regulatory Compliance

The allotment was conducted in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has provided all necessary disclosures as required under SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015, covering the conversion of warrants and allotment of equity shares. The original warrants were issued through preferential allotment, and the conversion maintains the same preferential nature for the resulting equity shares.

Macquarie, a prominent global financial services firm, has issued a positive rating revision for Godrej Consumer Products Limited (GCPL), upgrading the stock to Outperform status with an accompanying target price of ₹1,400 per share.

Rating Upgrade Details

The brokerage firm has moved GCPL from its previous rating to an Outperform classification, signaling increased confidence in the company's market position and growth potential. The target price of ₹1,400 represents the analyst's assessment of the stock's fair value based on their evaluation criteria.

Market Implications

An Outperform rating typically indicates that the analyst expects the stock to deliver returns superior to the broader market or its sector peers over the investment timeframe. This upgrade suggests that Macquarie's research team has identified positive factors that could drive GCPL's share price performance.

The ₹1,400 target price provides investors with a benchmark for potential upside, based on Macquarie's analytical framework and valuation methodology for the consumer goods sector.

About the Rating

Macquarie's rating system uses Outperform to denote stocks that are expected to generate above-average returns compared to the overall market performance. This classification places GCPL in a favorable position within the brokerage's coverage universe, reflecting their constructive view on the company's business fundamentals and market outlook.