Popees Baby Care India531971Preferential allotment

Board approves share-swap preferential issue of ~2.59 crore equity shares and ~98.32 lakh convertible warrants

Board meeting on 24 October 2026 approved a preferential issue by way of a share swap.

By ScoutQuest · Sat 24 Oct 2026, 11:52 PM IST · 3 min read

₹142.44/-Issue price per equity share and per warrant

Premium per equity share over face valueRs. 132.44/-

Face value per equity share₹10/-

Issue price per equity share and per warrant ₹142.44/-: Premium per equity share over face value Rs. 132.44/-, Face value per equity share ₹10/-.

Equity shares in preferential issue: Up to ~2.59 crore equity shares of face value ₹10/- at ₹142.44/- each
Convertible warrants: Up to ~98.32 lakh fully convertible warrants at ₹142.44/- each, convertible within 18 months from allotment
EGM date: 12 December 2026

Board outcome at a glance

The Board of Popees Baby Care India Ltd met on Saturday, October 24, 2026, from 05:30 P.M. to 10:00 P.M., and approved a preferential issue of equity shares and convertible warrants where the consideration is a swap of shares rather than cash.

The two instruments

Up to ~2.59 crore fully paid-up equity shares of face value ₹10/- each, at an issue price of ₹142.44/- per equity share.
Up to ~98.32 lakh fully convertible warrants, at an issue price of ₹142.44/- each.
The issue price of Rs. 142.44/- is made up of a face value of Rs. 10/- and a premium of Rs. 132.44/- per equity share.

Who receives them

The allottees are the shareholders (Promoters & Non-Promoters) of Popees Baby Care Products Limited, described as the Target Company/PBCPL. They will receive shares and warrants of Popees Baby Care India Ltd against their holding in PBCPL — the update calls this consideration other than cash, by way of a swap of shares.

Scale of the equity leg

The list of proposed allottees of equity shares for FY 2026-27 runs to 198 investors. Taken together, that list totals ~2.59 crore equity shares for an aggregate amount of 3,68,76,32,436. The largest single line is Shaju Thomas, with 13827465 shares amounting to 1,96,95,84,115.

The warrant leg

The convertible warrants cover 81 investors for FY 2027-28. Each warrant converts into an equity share, and the warrants shall be converted into equity shares within 18 months from the date of allotment.

What happens next

The company has fixed Wednesday, November 11, 2026 as the Relevant Date for the preferential issue.
The 01st Extraordinary General Meeting for FY 2026-27 is scheduled for Saturday, December 12, 2026 at 12:00 P.M. through video conferencing and other audio-visual means.
CS Liya Antony (M. No. 39611, CP No. 19314) has been appointed Scrutinizer for the remote e-voting and e-voting, and NSDL has been appointed e-voting facilitator.
The issue is subject to approval of the shareholders at the General Meeting and such other approvals as may be required.

How a retail investor can read this

New equity shares and warrants are being issued, so the total number of shares will rise once the equity shares are allotted and, for the warrants, once they are converted. A larger share count means each existing share represents a smaller slice of the company unless the holder also receives more shares.
The company is issuing these against shares of another company rather than for cash, so the transaction brings the shareholders of PBCPL into the shareholder base instead of bringing cash into Popees Baby Care India Ltd.
The warrants are convertible instruments: they turn into equity shares later, within 18 months of allotment, adding to the share count at that stage.
Pricing is fixed at ₹142.44/- for both the equity shares and the warrants, with the same face value and premium split.

What to track

The shareholder vote at the EGM on December 12, 2026, since the preferential issue is subject to that approval.

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