Rajshree Polypack Limited (RPPL) has allotted 9,00,000 equity shares of face value of ₹5/- each on June 07, 2025, upon the conversion of 1,50,000 Fully Convertible Warrants.
These warrants were issued by way of preferential allotment on a private placement basis to 4 allottees belonging to the 'Non-Promoter, Public Category'.
The number of equity shares allotted upon conversion was determined after giving effect to a bonus issue of equity shares in the ratio of 2 (Two) equity shares for every 1 (One) equity share held (approved on January 17, 2024), and a sub-division / split of equity shares from ₹10/- each to ₹5/- each (approved on August 06, 2024).
The company received a balance amount aggregating to ₹2,35,12,500 (Rupees Two Crores Thirty Five Lakhs Twelve Thousand Five Hundred Only) at the rate of ₹156.75 per Warrant (being 75% of the Issue Price per Warrant) upon the exercise of conversion rights. The original issue price per warrant was ₹209/-.
The equity shares were allotted at a price of ₹104.5/- per equity share (including a premium of ₹99.5 per share).
The newly allotted equity shares will rank pari-passu with the existing equity shares of the Company in all respects, including dividend payment and voting rights.
Consequent to this conversion, 1,50,000 warrants remain pending for conversion. These warrant holders are entitled to convert their warrants into equity shares by paying the remaining 75% (₹156.75/- per warrant) within 18 months from the original warrant allotment date (December 11, 2023). Unexercised warrants will lapse, and amounts paid will be forfeited.
Following this allotment, the paid-up equity share capital of the Company has changed as follows:
Before Allotment: ₹36,67,20,000 (comprising 7,33,44,000 equity shares of ₹5/- each)
After Allotment: ₹37,12,20,000 (comprising 7,42,44,000 equity shares of ₹5/- each)
The names of the allottees and the number of shares allotted are: