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Kanpur Plastipack Limited — Proxy Solicitation & Information Statement 2025
Jun 4, 2025
62010_rns_2025-06-04_05ec5842-5930-4a53-8344-4c62f84c603c.pdf
Proxy Solicitation & Information Statement
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Date: June 4, 2025
To, BSE Limited National Stock Exchange of India Phiroze Jeejeebhoy Towers, Limited Dalal Street, Exchange Plaza, Plot No. C/1, Mumbai 400 001 G Block, Bandra – Kurla Complex, Bandra (East), Mumbai 400 051 Scrip Code: 507779 Trading Symbol: KANPRPLA
- Sub: Intimation under Regulation 30 of the SEBI LODR Regulations Rescheduling of Extraordinary General Meeting, corrigendum of Notice of Extraordinary General Meeting and revised calendar of events
Dear Sir/Madam,
In terms of Regulation 30 of the SEBI LODR Regulations, Chapter V of SEBI ICDR Regulations and in continuation to our letter dated Monday, May 15, 2025 w.r.t. EGM Notice and our letter dated May 17, 2025, we would like to inform you that the Preferential Issue Committee of the board of directors at its meeting held today i.e., Wednesday, June 4, 2025, has inter-alia considered and approved the following:
“An Extra-ordinary General Meeting (“EGM”) of the Company which was scheduled to be held on Thursday, June 12, 2025 has been rescheduled to be held on Wednesday, June 11, 2025 at 10.00 A.M. at the registered office of the Company at D-19-20, Panki Industrial Area, Kanpur208022 to transact the businesses as per the EGM Notice read with Corrigendum to the EGM Notice. The change in the date is to ensure full compliance with the applicable provisions of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.”
The corrigendum to the notice of the EGM is attached herewith and also available on the website of the Company and can be downloaded from the below link:
https://www.kanplas.com/report_pdf/Corrigendum_to_EGM_Notice._1749019693.pdf
Ankur Srivastava
Digitally signed by Ankur Srivastava DN: c=IN, o=Personal, title=9927, pseudonym=133531544596031444uGxrkmWG75A2BL, 2.5.4.20=71e8ffc3a5f086e5265be3c178c13bbd67755f793b2a30 2011ea582b25f95e3b, postalCode=208014, st=Uttar Pradesh, serialNumber=4b23e7cbde87752eb6b8834bca897fb9311ca9bd fa9ec226a725911e719ed408, cn=Ankur Srivastava Date: 2025.06.04 12:58:23 +05'30'
Manufacturers & Exporters: Flexible Intermediate Bulk Container (FIBC) I PP Multifilament Yarn I UV Master Batches I Fabrics I CPP Films CIN : L25209UP1971PLC003444
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D-19,20 Panki Industrial Area, Kanpur-208022, India
+91(512)2691113-116 [email protected]
www.kanplas.com
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The revised Calendar of Events in this regard are given herein below:
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EVEN : 133734 2. Date and Time of EGM : Wednesday, 11[th] day of June, 2025 at 10:00 AM 3. Mode : Physical 4. Agency for E-voting : National Securities Depository Limited 5. Name of Scrutinizer : CS Adesh Tandon, Practicing Company Secretary 6. Cut-off date for providing E-voting rights : 06[th] June, 2025
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Remote E-Voting period : Start : 08[th] June, 2025 (9:00 A.M.) to : Close : 10[th] June, 2025 (5:00 P.M.)
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Last date of submission of Report by scrutinizer : 12[th] June, 2025
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Last date of declaration of result by Chairman : 12[th] June, 2025
The disclosures along with the enclosures are available on the website of the Company at www.kanplas.com.
The meeting of the Preferential Issue Committee of the Board of Directors of the Company commenced at 12:30 PM and concluded at 12:55 P.M.
Please take the same on record and oblige.
Thanking you,
Yours faithfully,
For, Kanpur Plastipack Limited
Ankur Srivastava
Digitally signed by Ankur Srivastava DN: c=IN, o=Personal, title=9927, pseudonym=133531544596031444uGxrkmWG75A2BL, 2.5.4.20=71e8ffc3a5f086e5265be3c178c13bbd67755f793b2a302011ea5 82b25f95e3b, postalCode=208014, st=Uttar Pradesh, serialNumber=4b23e7cbde87752eb6b8834bca897fb9311ca9bdfa9ec22 6a725911e719ed408, cn=Ankur Srivastava Date: 2025.06.04 12:59:05 +05'30'
Ankur Srivastava Company Secretary & Compliance Officer
Place: Kanpur
Encl: Corrigendum to the Notice of EGM
Manufacturers & Exporters:
Flexible Intermediate Bulk Container (FIBC) I PP Multifilament Yarn I UV Master Batches I Fabrics I CPP Films CIN : L25209UP1971PLC003444
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D-19,20 Panki Industrial Area, Kanpur-208022, India
+91(512)2691113-116
www.kanplas.com
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CORRIGENDUM TO THE NOTICE OF THE EXTRAORDINARY GENERAL MEETING
Kanpur Plastipack Limited (“ Company ”) has issued a notice dated May 15, 2025 (“ EGM Notice ”) for convening the Extraordinary General Meeting of the members of the Company which is scheduled to be held on Thursday, June 12, 2025 at 10.00A.M. IST to be held on at its Registered Office at D-19-20, Panki Industrial Area, Kanpur-208022.
The EGM Notice has been dispatched to the shareholders of the Company on May 17, 2025 in due compliance with the provisions of the Companies Act, 2013 read with the relevant rules made thereunder, read with circulars issued by Ministry of Corporate Affairs and Securities and Exchange Board of India and all other applicable provisions. Capitalized words and expressions used but not defined herein shall have the same meaning as assigned to them in the EGM Notice.
The Company had submitted applications to the National Stock Exchange of India Limited (“ NSE ”) and BSE Limited (“ BSE ”) for seeking in-principle approvals concerning the proposed preferential issue , for which shareholder approval is being sought. Subsequently, the Company received an observation letter from NSE via email on May 26, 2025. The exchange directed the Company to rectify/provide additional details via a corrigendum.
Hence, this corrigendum is being issued to notify the amendments/ provide clarifications and additional details with respect to certain disclosures made under the explanatory statement to Item No. 1, which is annexed to the EGM Notice (“ Explanatory Statement ”), as mentioned herein:
1. The first proviso to the Notice shall be read as follows:
“NOTICE is hereby given that 2/2025-26 EXTRAORDINARY GENERAL MEETING (EGM) of the Members of M/S KANPUR PLASTIPACK LIMITED will be held at its Registered Office at D-1920, Panki Industrial Area, Kanpur-208022 on Wednesday, the 11[th] day of June, 2025 at 10:00 AM to transact the following special businesses:”
2. The table under the heading “Utilization of Issue Proceeds and proposed schedule of implementation and deployment of Issue Proceeds” at point no. 2 of the Explanatory Statement with respect to “Objects of the Preferential Issue” shall be read as follows:
We propose to deploy the Issue Proceeds towards the Objects in accordance with the proposed schedule of implementation and deployment of funds as set forth below:
Ankur Srivastava
Digitally signed by Ankur Srivastava DN: c=IN, o=Personal, title=9927, pseudonym=133531544596031444uGxrkmWG75A2BL, 2.5.4.20=71e8ffc3a5f086e5265be3c178c13bbd67755f793 b2a302011ea582b25f95e3b, postalCode=208014, st=Uttar Pradesh, serialNumber=4b23e7cbde87752eb6b8834bca897fb9311 ca9bdfa9ec226a725911e719ed408, cn=Ankur Srivastava Date: 2025.06.04 12:59:54 +05'30'
Manufacturers & Exporters: Flexible Intermediate Bulk Container (FIBC) I PP Multifilament Yarn I UV Master Batches I Fabrics I CPP Films CIN : L25209UP1971PLC003444
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D-19,20 Panki Industrial Area, Kanpur-208022, India
+91(512)2691113-116
www.kanplas.com
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| Up-front Amount (₹ 40/- per warrant) |
Utilisation Timeline |
Balance Amount (₹ 90/- per warrant) |
|||
|---|---|---|---|---|---|
| Sr. | Objectives of the | Utilisation | |||
| No. | proposed issue | Timeline | |||
| 4,00,00,000/- | Within 2 months from the date of raisingfunds |
7,84,04,000/- | Within 6 months | ||
| Repayment of |
|||||
| 1. | from the date of | ||||
| Borrowings | |||||
| raisingfunds | |||||
| General | 4,80,000/- | Within 2 months from the date of raisingfunds |
1,26,76,000/- | Within 6 months | |
| 2. | Corporate | from the date of | |||
| Purposes | raisingfunds | ||||
| Total | 4,04,80,000/- | 9,10,80,000/- | |||
*The amount utilized for general corporate purposes shall not exceed 10% of the Gross Proceeds
If the Issue Proceeds are not utilised (in full or in part) for the Objects during the period stated above due to any such factors, the remaining Issue Proceeds shall be utilised in subsequent periods in such manner as may be determined by the Board, in accordance with applicable laws. This may entail rescheduling and revising the planned expenditure and funding requirements and increasing or decreasing the expenditure for a particular purpose from the planned expenditure as may be determined by the Board, subject to compliance with applicablelaws.
Till such time the issue proceeds are fully utilized, the Company shall keep the same in bank deposits and/or other shorts terms funds deposits in scheduled commercial banks or any other investment as permitted under applicable laws and as may be decided by the Board of Directors of theCompany.
The above-stated fund requirements are based on internal management estimates and have not been appraised by any bank, financial institution or any other external agency. They are based on the current circumstances of our business. The Company may have to revise its estimates from time to time on accountof various factors beyond its control, such as market conditions, competitive environment, and interest orexchange rate fluctuations. Consequently, the funding requirements of our Company and deploymentschedules are subject to revision in the future at the discretion of the management and subject to applicable laws.
3. Point no.13A shall be inserted in the notes of the Explanatory Statement whichreads as follows:
(13A.) The remote e-voting period shall commence on Sunday, 08[th] June, 2025 at 9:00 A.M. and end on Tuesday, 10[th] June, 2025 at 5:00 P.M. During this period, Members of the Company holding shares as on the cut-off date i.e., 06[th] June, 2025 , may cast their vote electronically. The e-voting module shall be disabled by NSDL for voting thereafter.
4. Point no 16 of Shareholding pattern of the Company before and after the preferential issue shall be read as follows:
The shareholding pattern of the Company before and after the proposed preferential issue is likely to be as follows:
Digitally signed by Ankur Srivastava DN: c=IN, o=Personal, title=9927, pseudonym=133531544596031444uGxrkmWG75A2BL, 2.5.4.20=71e8ffc3a5f086e5265be3c178c13bbd67755f793b2a30 2011ea582b25f95e3b, postalCode=208014, st=Uttar Pradesh, serialNumber=4b23e7cbde87752eb6b8834bca897fb9311ca9b ~~dfa9ec226a725911e719ed408, cn=Ankur Srivastava~~ Date: 2025.06.04 13:00:33 +05'30'
Ankur ~~Srivastava~~
Manufacturers & Exporters: Flexible Intermediate Bulk Container (FIBC) I PP Multifilament Yarn I UV Master Batches I Fabrics I CPP Films CIN : L25209UP1971PLC003444
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D-19,20 Panki Industrial Area, +91(512)2691113-116 Kanpur-208022, India
www.kanplas.com
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| Category | Pre-Issue Shareholding Structure(1) |
Pre-Issue Shareholding Structure(1) |
Warrants to be Allotted |
Post-Issue Shareholding(3) | Post-Issue Shareholding(3) |
|---|---|---|---|---|---|
| No. of Shares |
% of Shareholding |
No. of Shares |
% of Shareholding |
||
| (A) Promoters & Promoters Group Shareholding | |||||
| (a)Individuals & HUF | 90,23,082 | 38.85% | 3,20,000 | 93,43,082 | 38.55% |
| (b)Bodies Corporate | 66,85,138 | 28.78% | 3,85,000 | 70,70,138 | 29.17% |
| Sub Total(A1) | 1,57,08,220 | 67.63% | 7,05,000 | 1,64,13,220 | 67.71% |
| (A2)Foreign | - | - | - | - | - |
| Total Promoter shareholding A=A1+A2 |
1,57,08,220 | 67.63% | 7,05,000 | 1,64,13,220 | 67.71% |
| (B) Non- Promoters Shareholding | |||||
| (B1) Institutions (Domestic) |
- | - | - | - | - |
| (B2)Institutions(Foreign) | - | - | - | - | - |
| (B3) Central Government/ State Government(s)/President of India |
- | - | - | - | - |
| (a)Individuals | 57,45,469 | 24.74% | 3,07,000 | 60,52,469 | 24.97% |
| (b)BodyCorporate | 1,96,138 | 0.84% | - | 1,96,138 | 0.81% |
| (c)Others(IncludingNRI) | 15,76,931 | 6.79% | - | 15,76,931 | 6.51% |
| Sub Total(B4) | 75,18,538 | 32.37% | 3,07,000 | 78,25,538 | 32.29% |
| Total Public Shareholding B=B1+B2+B3+B4 |
75,18,538 | 32.37% | 3,07,000 | 78,25,538 | 32.29% |
| (C) Non-Promoter Non- PublicShareholding |
- | - | - | - | - |
| Grand Total (A+B+C) | 2,32,26,758 | 100.00% | 10,12,000 | 2,42,38,758 | 100.00% |
Notes:
1. The Pre-preferential shareholding pattern is taken as per the BENPOS dated May 16, 2025.
2. The Company had issued 17,60,000 warrants, convertible into equity shares on a preferential basis vide Board Meeting dated October 17, 2024. Further the Company had vide Board Meeting dated December 24, 2024 allotted 10,08,000 equity shares to the allottees upon their exercise of conversion of warrants to equity shares. Subsequently, trading approvals for the aforesaid 10,08,000 equity shares were received from the BSE Limited and National Stock Exchange of India Limited, each dated May 14, 2025. Further, the Company had also allotted 7,52,000 equity shares to the allottees vide Board Meeting dated May 2, 2025 upon their exercise of conversion of warrants to equity shares. The Company is in the process to credit these 7,52,000 equity shares in the respective demat accounts of the allottees and apply for listing and trading approvals from the Stock Exchanges for the mentioned 7,52,000 equity shares, the details of which are as follows:
Ankur
Digitally signed by Ankur Srivastava DN: c=IN, o=Personal, title=9927, pseudonym=133531544596031444uGxrkmWG75A2BL, 2.5.4.20=71e8ffc3a5f086e5265be3c178c13bbd67755f793b2a3 02011ea582b25f95e3b, postalCode=208014, st=Uttar Pradesh, serialNumber=4b23e7cbde87752eb6b8834bca897fb9311ca9b dfa9ec226a725911e719ed408, cn=Ankur Srivastava Date: 2025.06.04 13:01:19 +05'30'
Srivastava
Manufacturers & Exporters:
Flexible Intermediate Bulk Container (FIBC) I PP Multifilament Yarn I UV Master Batches I Fabrics I CPP Films CIN : L25209UP1971PLC003444
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D-19,20 Panki Industrial Area, Kanpur-208022, India
+91(512)2691113-116
www.kanplas.com
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| Sr. No |
Name of the Allottee | Category (Promoter/ Non- promoter) |
No. of Equity Shares allotted(pending listing & trading approval) |
|---|---|---|---|
| 1 | ManojAgarwal | Promoter | 1,20,000 |
| 2 | Shashank Agarwal | Promoter | 1,24,000 |
| 3 | Usha Agarwal | Promoter Group | 41,000 |
| 4 | KSM Exports Limited | Promoter Group | 1,28,000 |
| 5 | MSA Investment and Trading Company Private Limited |
Promoter Group | 1,28,000 |
| 6 | KPL PackagingPrivate Limited | Promoter Group | 37,000 |
| 7 | Raghushree EarningSolutions LLP | Promoter Group | 13,000 |
| 8 | Alka Jain | Public | 18,000 |
| 9 | Sanjeev Kumar Jhunjhunwala HUF | Public | 74,000 |
| 10 | Pari Marriage and Higher Education Trust | Public | 44,000 |
| 11 | Vatsal Singhal | Public | 9,000 |
| 12 | Binita Devi Saraogi | Public | 4,000 |
| 13 | Uma Malani | Public | 4,000 |
| 14 | Seema Agarwal | Public | 4,000 |
| 15 | Anil Kumar Khanna | Public | 2,000 |
| 16 | Anubhav Khanna | Public | 2,000 |
| Total | 7,52,000 |
3. The above post-issue shareholding is prepared assuming full conversion of Warrants issued pursuant to resolution at item No.1 into equity shares.
This Corrigendum to the Notice of the EGM shall form an integral part of the EGM Notice which has already been circulated to shareholders of Company and on and from the date hereof, the Notice of the EGM shall always be read in conjunction with this Corrigendum. This corrigendum will also be made available on website of both the stock exchanges i.e. BSE and NSE and on the website of the Company https://kanplas.com/en/shareholders-communication. All other contents of the EGM Notice, save and except as modified or supplemented by the Corrigendum, shall remain unchanged.
By the Order of the Board of Directors Registered Office: For Kanpur Plastipack Limited D 19 - 20 Panki Industrial Area, Sd/- P O Udyog Nagar, Ankur Srivastava Kanpur 208 022, Uttar Pradesh. Company Secretary & Compliance Officer CIN: L25209UP1971PLC003444 Website: www.kanplas.com Date: June 4, 2025 E-mail: [email protected] Place: Digitally signed by Ankur Srivastava DN: c=IN, o=Personal, title=9927, Tel. No.: 0512-2691113
Date: June 4, 2025 Place: Kanpur Digitally signed by Ankur Srivastava DN: c=IN, o=Personal, title=9927, Ankur pseudonym=133531544596031444uGxrkmWG75A2BL, 2.5.4.20=71e8ffc3a5f086e5265be3c178c13bbd67755f793b 2a302011ea582b25f95e3b, postalCode=208014, st=Uttar Pradesh, serialNumber=4b23e7cbde87752eb6b8834bca897fb9311c Srivastava a9bdfa9ec226a725911e719ed408, cn=Ankur Srivastava Date: 2025.06.04 13:02:11 +05'30'
Manufacturers & Exporters:
Flexible Intermediate Bulk Container (FIBC) I PP Multifilament Yarn I UV Master Batches I Fabrics I CPP Films CIN : L25209UP1971PLC003444
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+91(512)2691113-116
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D-19,20 Panki Industrial Area, Kanpur-208022, India
www.kanplas.com