Kanpur Plastipack Limited , a leading manufacturer of flexible intermediate bulk containers (FIBCs), has announced a strategic move to expand its presence in the UK market. The company's Board of Directors has approved the acquisition of a 76.19% stake in UK-based Valex Ventures Limited for ₹8.02 crore.

Acquisition Details

The acquisition involves purchasing 16,000 equity shares of Valex Ventures, each with a face value of £1, at ₹5,010.81 per share. The total consideration of ₹8.02 crore will be paid through a combination of equity shares and cash:

• 3,33,700 equity shares of Kanpur Plastipack at ₹202.61 per share, totaling ₹6.76 crore
• ₹1.26 crore in cash

This move is expected to strengthen Kanpur Plastipack's position in the UK market for industrial-grade FIBCs, also known as jumbo bags.

About Valex Ventures

Valex Ventures, incorporated on March 31, 2017, specializes in the distribution and wholesale of industrial-grade FIBCs across the UK. The company offers customized packaging solutions for various industrial applications, including food-grade and UN-certified bags.

Valex Ventures has shown significant growth in recent years:

Strategic Implications

The acquisition aligns with Kanpur Plastipack's strategy to expand its geographical reach and strengthen its presence in the UK market. By gaining control over Valex Ventures, Kanpur Plastipack aims to leverage the company's established distribution network and client base in the UK.

Corporate Governance and Approvals

The acquisition is subject to shareholder approval and necessary regulatory clearances. Kanpur Plastipack has scheduled its 54th Annual General Meeting (AGM) for September 8, 2025, where shareholders will vote on this matter.

Financial Results and Dividend

In other news, Kanpur Plastipack's Board has approved the unaudited financial results for the quarter ended June 30, 2025. The company has announced a book closure from September 2-8, 2025, for the AGM and to determine dividend eligibility, if declared.

Investor Conference Call

Kanpur Plastipack will host an earnings conference call on August 19, 2025, at 2:00 AM IST to discuss the financial results for the quarter ended June 30, 2025. Investors can access the call through various local and international dial-in numbers provided by the company.

This acquisition marks a significant step for Kanpur Plastipack in expanding its global footprint and strengthening its position in the industrial packaging sector.

Kanpur Plastipack Ltd , a leading manufacturer and exporter of flexible packaging solutions, has announced an important addition to its upcoming board meeting agenda. The company is set to consider the acquisition of a UK-based firm from a related party, potentially marking a significant step in its international expansion strategy.

Board Meeting Details

The board of directors of Kanpur Plastipack is scheduled to convene on August 13, 2025, at 12:30 PM. This meeting, originally announced on August 2, 2025, has now been expanded to include discussions on a strategic acquisition.

Proposed Acquisition

The key highlight of the updated agenda is the potential acquisition of a UK-based company. While specific details about the target company remain undisclosed, the fact that it's being acquired from a related party suggests a possible strategic alignment with Kanpur Plastipack's existing operations or business relationships.

Funding the Acquisition

To finance this potential acquisition, Kanpur Plastipack is exploring various funding options. The company's board will consider the issuance of equity shares or other securities through several permissible methods, including:

1. Preferential issue
2. Qualified institutional placement (QIP)

These funding mechanisms will be evaluated in accordance with the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended.

Regulatory Compliance

The company has made this announcement in compliance with Regulation 29(1) of the SEBI (Listing Obligation and Disclosure Requirements) Regulations 2015. Ankur Srivastava, the Company Secretary, has officially communicated this update to both the BSE Limited and the National Stock Exchange of India Limited.

Implications and Outlook

This potential acquisition could signify Kanpur Plastipack's ambitions to strengthen its presence in the UK market or to acquire complementary technologies and capabilities. However, it's important to note that the board meeting will only consider this acquisition, and final decisions are yet to be made.

Investors and stakeholders will be keenly watching the outcome of this board meeting, as it could have significant implications for Kanpur Plastipack's future growth trajectory and international market position in the flexible packaging industry.

The company has stated that this information is also available on its official website, www.kanplas.com , for public access and transparency.