Kanpur Plastipack Limited has formally submitted the minutes of its postal ballot proceedings to BSE and NSE on December 30, 2025, completing the regulatory compliance process following the successful approval of its Employee Stock Option Scheme 2025 and independent director appointment. The company announced the voting results on December 22, 2025, with both proposed resolutions receiving overwhelming shareholder approval.

Postal Ballot Results and Compliance

The postal ballot process concluded on December 19, 2025, with Shri Adesh Tandon of M/s Adesh Tandon & Associates serving as the appointed scrutinizer. The scrutinizer submitted his final consolidated report on December 22, 2025, confirming the approval of both special resolutions with requisite majority.

Employee Stock Option Scheme 2025 Approval

Shareholders approved the company's maiden Employee Stock Option Scheme-2025 (ESOS-2025) through the postal ballot process. The scheme received overwhelming support with 99.99% of valid votes cast in favor, demonstrating strong shareholder confidence in the company's employee engagement strategy.

Independent Director Appointment Confirmed

The appointment confirmation of Shri Basant Seth (DIN: 02798529) as Independent Director received strong shareholder support with 99.99% of valid votes in favor. His appointment strengthens the company's board governance structure.

Stock Exchange Submission Details

Company Secretary Ankur Srivastava formally submitted the postal ballot minutes to both BSE and NSE on December 30, 2025, pursuant to Section 110 of the Companies Act, 2013, and SEBI LODR Regulations, 2015. The submission included complete proceedings and scrutinizer reports for regulatory record.

The successful completion of the postal ballot process and subsequent regulatory filings demonstrate the company's commitment to corporate governance and transparency, with both resolutions receiving near-unanimous shareholder support for strategic growth initiatives.

Kanpur Plastipack Limited , a provider of industrial bulk packaging solutions, has announced a significant corporate action. The company's Preferential Issue Committee is set to meet on December 9, 2025, to approve the allotment of equity shares resulting from the conversion of fully convertible warrants.

Key Details of the Warrant Conversion

Background and Current Status

Kanpur Plastipack had previously issued 10,12,000 fully convertible equity warrants on May 15, 2025. These warrants were issued at ₹130.00 each, which included a premium of ₹120.00 over the face value of ₹10.00 per equity share.

The company has now received confirmation letters from the allottees, indicating:

1. Payment of the balance issue price
2. Their intention to convert the warrants into equity shares

Next Steps

The upcoming Preferential Issue Committee meeting will consider and approve the allotment of equity shares upon conversion of these warrants. This action follows the receipt of the balance issue price from the allottees, who have exercised their right to convert the warrants into equity shares.

Regulatory Compliance

Kanpur Plastipack emphasizes that this conversion process is in accordance with the provisions of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018.

This corporate action represents a significant step for the company, potentially impacting its capital structure and shareholding pattern. Investors and stakeholders should monitor further announcements from Kanpur Plastipack regarding the outcome of the December 9 meeting and the final allotment of shares.