Captain Pipes Ltd has approved the allotment of 27,50,000 equity shares to the Promoter Group on a preferential basis after converting warrants, along with 55,00,000 bonus shares. The companys issued and paid-up Equity Share Capital has increased to Rs.14,77,06,800/- divided into 14,77,06,800/-equity shares of face value of Re. 1/- each.