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Latest news about Kanpur Plastipack

Kanpur Plastipack Forms Strategic 50:50 Joint Venture with Italy's Essegomma for High-Performance Yarn Business 2 days ago

Kanpur Plastipack Limited (KPL) has entered into a 50:50 joint venture agreement with Italian company Essegomma S.p.A. to establish a Joint Venture Company in India for sales, marketing, trading, and distribution of high-performance polypropylene yarn. The partnership combines Essegomma's European expertise in Taslan yarn technology with KPL's manufacturing base in India. The joint venture aims to produce and supply premium-quality technical yarns for global markets and high-end textile applications in India. The agreement includes equal board representation and pre-emptive rights for share issuances. This strategic move is expected to enhance KPL's technological capabilities, diversify its product portfolio, and increase access to global markets.

Kanpur Plastipack Reports Strong Q2 FY26 Results with 4x Net Profit Growth and Announces INR 105 Crore Capex Plan 3 days ago

Kanpur Plastipack Seeks Shareholder Approval for Employee Stock Option Scheme and Independent Director Appointment 3 days ago

Kanpur Plastipack Reports Strong Q2FY26 Performance with 425% Jump in Net Profit 8 days ago

Kanpur Plastipack Unveils Rs 105.26 Crore Expansion Plan, Appoints New Director 10 days ago

More news about Kanpur Plastipack

11Nov 25

Kanpur Plastipack Reports Strong Q2 Growth, Announces Expansion and Diversification Plans

Kanpur Plastipack Limited reported robust Q2 FY2026 results with revenue increasing 7.2% to Rs. 16,196.42 lacs and net profit surging 377.6% to Rs. 794.40 lacs. The company announced expansion plans including FIBC division growth, modernization initiatives, and diversification into non-woven products. A joint venture with Italy's Essegomma S.p.A. was approved, along with an Employee Stock Option Scheme. The company also acquired a majority stake in Valex Ventures Limited (UK).

10Nov 25

Kanpur Plastipack Forms Joint Venture with Essegomma, Plans ₹105.26 Crore Investment

Kanpur Plastipack Limited has approved a 50:50 joint venture with Italian company Essegomma S.p.A. for high-performance polypropylene yarn production and distribution. The company also announced a ₹105.26 crore investment plan, including ₹47.22 crore for FIBC division expansion and infrastructure upgrades, and ₹58.04 crore for diversification into non-woven products. Kanpur Plastipack aims to increase FIBC production capacity by 6,000 MT over five years. The company reported strong financial performance with revenue increasing by 8.74% and net profit surging by 409.15% year-over-year in Q2 FY2026.

09Sept 25

Kanpur Plastipack Shareholders Approve Key Resolutions, Including Foreign Company Acquisition

Kanpur Plastipack's Annual General Meeting saw shareholders approve several important resolutions. These include modifying payment terms for the Deputy Managing Director, appointing secretarial auditors for a five-year term, and acquiring foreign company Valex Ventures Ltd. Other approved measures include adopting financial statements, declaring dividends, and re-appointing a director. All resolutions passed with over 99.99% votes in favor.

19Aug 25

Kanpur Plastipack Announces September 1 Record Date for Dividend Eligibility

Kanpur Plastipack Limited has announced September 1, 2025, as the record date for determining shareholder eligibility for the FY 2024-25 dividend. The book closure period is set for September 2-8, 2025, with the dividend payment date scheduled for September 16, 2025, subject to declaration at the AGM. Shareholders with valid transfers received by September 1, 2025, and beneficial owners of dematerialized shares listed with NSDL and CDSL at close of business on the record date will be eligible. The company also held an Earnings Conference Call on August 19, 2025, for Q1 FY 2025-26 results.

16Aug 25

Kanpur Plastipack Reports Robust Q1 Performance with 34% Revenue Growth and Strategic UK Acquisition

Kanpur Plastipack Limited, a manufacturer of FIBCs and industrial packaging solutions, reported impressive Q1 results. Total income increased by 34% to ₹18,223.90 lakh, EBITDA grew 119% to ₹1,554.00 lakh, and the company turned profitable with a net profit of ₹572.60 lakh. The FIBC segment contributed 48.75% of revenue, with exports accounting for 70%. Strategic developments include acquiring a 76.19% stake in UK-based Valex Ventures Ltd., credit rating upgrade, and raising ₹13.15 crore via preferential issue. The company is focusing on operational efficiency and expanding market opportunities.

13Aug 25

Kanpur Plastipack Expands UK Presence with Valex Ventures Acquisition

Kanpur Plastipack Limited, a manufacturer of flexible intermediate bulk containers (FIBCs), is set to acquire a 76.19% stake in UK-based Valex Ventures Limited for ₹8.02 crore. The acquisition involves purchasing 16,000 equity shares at ₹5,010.81 per share, paid through a combination of equity shares and cash. This move aims to strengthen Kanpur Plastipack's presence in the UK market for industrial-grade FIBCs. Valex Ventures, incorporated in 2017, specializes in distributing FIBCs across the UK and has shown significant revenue growth in recent years. The acquisition is subject to shareholder approval at the upcoming AGM on September 8. Additionally, Kanpur Plastipack has approved unaudited financial results for the quarter ended June 30 and scheduled an earnings conference call for August 19.

08Aug 25

Kanpur Plastipack to Consider UK Company Acquisition in Upcoming Board Meeting

Kanpur Plastipack Ltd will discuss the acquisition of a UK-based company from a related party at its board meeting on August 13, 2025. The board will also consider funding options for the acquisition, including preferential issue and qualified institutional placement. This potential move could expand the company's international presence in the flexible packaging industry.

07Aug 25

Kanpur Plastipack Raises ₹13.16 Crore Through Preferential Allotment of Convertible Warrants

Kanpur Plastipack Limited has allotted 10,12,000 fully convertible equity warrants at ₹130 per warrant, raising ₹13.16 crore. The warrants were distributed among promoters (25.89%), promoter group (43.77%), and public investors (30.34%). Investors paid ₹40 per warrant upfront, with the remaining ₹90 due upon conversion within 18 months. Each warrant is convertible into one equity share. The allotment has received necessary approvals and is subject to SEBI lock-in restrictions.

15May 25

Kanpur Plastipack Reports Strong Q4 Performance with Significant Profit Growth

Kanpur Plastipack Ltd, a leading FIBC manufacturer, reported exceptional Q4 financial results. Profit Before Tax surged 363.33% to ₹139.00 crore, EBITDA rose to ₹179.00 crore with margin improvement to 9.78%, and revenue grew 14.38% to ₹1,830.00 crore. The company reported an exceptional item of ₹116.00 crore. Quarter-on-quarter analysis shows significant improvements across all metrics, with net profit increasing by 358.82% and EPS rising from ₹0.77 to ₹3.63.

12May 25

Kanpur Plastipack to Consider Fund Raising in Upcoming Board Meeting

Kanpur Plastipack Ltd. has scheduled a board meeting for May 15, 2023, to explore and potentially approve fund-raising initiatives through equity or other securities. The meeting will focus on discussing various capital-raising avenues, which could indicate plans for expansion, debt reduction, or other strategic moves. While specific details are yet to be disclosed, the outcome of this meeting could significantly impact the company's financial structure and future growth prospects.

13Mar 25

Kanpur Plastipack Divests CPP Division to SRF for ₹49.25 Crore

Kanpur Plastipack Ltd has entered into an assets purchase agreement with SRF Limited to sell its Cast Polypropylene (CPP) Division for ₹49.25 crore. The sale includes plant and machinery, representing about 10.36% of the company's total assets. This strategic move may indicate a focus on streamlining operations and improving financial flexibility.

11Mar 25

Kanpur Plastipack to Sell CPP Division for ₹49.25 Crore in Strategic Move

Kanpur Plastipack Limited's Board has approved the sale of its Cast Polypropylene (CPP) Division to SRF Limited for ₹49.25 crore. The sale, expected to complete by October 30, 2025, includes plant and machinery located in Kanpur Dehat. The CPP Division contributed 4.08% to the company's turnover but negatively impacted net worth in FY 2023-24. The divestment is due to non-viability of manufacturing operations and requires shareholder approval.