Preferential share swap issue of up to ~2.59 crore equity shares and ~98.32 lakh warrants; EGM December 12
Board meet of October 24, 2026 approved a preferential issue for consideration other than cash, i.e. by way of swap of shares, to the shareholders of Popees Baby Care Products Limited.
By ScoutQuest · · 2 min read
- Equity share leg
- Up to ~2.59 crore equity shares of face value Rs. 10/- at an issue price of Rs. 142.44/- each
- Warrant leg
- Up to ~98.32 lakh fully convertible warrants at Rs. 142.44/- each; conversion within 18 months of allotment
- EGM / Relevant date
- EGM on Saturday, December 12, 2026; Relevant date fixed: November 11, 2026
What the Board approved
The Board of Directors met on Saturday, October 24, 2026 and approved a preferential issue for consideration other than cash, that is, by way of swap of shares, to the shareholders (promoters and non-promoters) of Popees Baby Care Products Limited. In simple terms, those shareholders will hand over their shares in Popees Baby Care Products Limited and receive shares and warrants of the listed company in return, so no cash comes into the company from this issue. The issuance is subject to approval of the shareholders at a General Meeting and such other approvals as may be required.
Equity share leg
- Up to ~2.59 crore fully paid-up equity shares of face value of Rs. 10/- each.
- Issue price of Rs. 142.44/- per equity share.
- 198 investors, listed for the FY 2026-27.
- The allottee-wise list in the update totals Rs. 3,68,76,32,436, which is the value of the shares being swapped, not cash received.
Warrant leg
- Up to ~98.32 lakh fully convertible warrants, at an issue price of Rs. 142.44/- each.
- 81 investors, listed for the FY 2027-28.
- The warrants are to be converted into equity shares within 18 months from the date of allotment, so the share count can rise again at that stage.
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., to be held through video conferencing or other audio-visual means.
- CS Liya Antony has been appointed as Scrutinizer for the remote e-voting and e-voting, and NSDL has been appointed as the e-voting facilitator.
What it means in practice
- New equity shares will be allotted to the shareholders of Popees Baby Care Products Limited, who will then hold shares in the listed company; the total number of shares in issue will go up.
- Because the consideration is a share swap, the company does not get cash from this preferential issue.
- The warrants, when converted, will bring in additional equity shares within the stated 18-month window.
- The proposal moves forward only after shareholder approval at the EGM, so the EGM notice and the voting outcome are the next checkpoints.
Also from Popees Baby Care India
Board approves share-swap preferential issue of ~2.59 crore equity shares and ~98.32 lakh warrants
24 Oct 2026
Board approves share-swap preferential issue of ~2.59 crore equity shares and ~98.32 lakh convertible warrants
24 Oct 2026
Board meeting on 24 October 2026 to consider modification of preferential issue proposal and EGM date extension
21 Oct 2026
More numbers
- Equity shares proposed to be issued2,58,89,023
- Issue price per equity share / warrant142.44/-
- Face value per equity share10/-
- Fully convertible warrants proposed to be issued98,31,758
- Warrant conversion period from allotment18 months
- Number of investors - equity shares (FY 2026-27)198
- Number of investors - convertible warrants (FY 2027-28)81
- Total amount for equity shares allotted in swap (allottee list)3,68,76,32,436
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