StockWatch
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Packaging
Corporate Action17 Apr 2026, 11:34 am

Rex Sealing Allots 50,048 Equity Shares from Warrant Conversion

AI Summary

Rex Sealing and Packing Industries Ltd's Board of Directors, in a meeting held on April 17, 2026, approved the allotment of 50,048 equity shares. These shares were issued to the "Non-Promoters Category" on a preferential basis, following the conversion of an equal number of warrants. The issue price was Rs. 210 per share, including a premium of Rs. 200. The company received the balance 75% of the issue price, amounting to ₹78,82,560, from the allottees. This conversion has increased the company's paid-up equity capital from ₹2,53,49,520 (25,34,952 shares) to ₹2,58,50,000 (25,85,000 shares). The newly allotted shares rank pari-passu with existing equity shares. Post this conversion, 5,101 warrants remain outstanding.

Key Highlights

  • Board approved allotment of 50,048 equity shares.
  • Shares issued to Non-Promoters via warrant conversion.
  • Issue price set at ₹210 per equity share.
  • Paid-up equity capital increased to ₹2.58 crore.
  • 5,101 warrants remain outstanding post-conversion.