Corporate Action17 Apr 2026, 11:34 am
Rex Sealing Allots 50,048 Equity Shares via Warrant Conversion at 210
AI Summary
Rex Sealing and Packing Industries Ltd's Board approved the allotment of 50,048 equity shares to "Non-Promoters Category" on April 17, 2026. These shares were issued at an issue price of 210 each (including a premium of 200) upon conversion of an equal number of warrants. The company received the balance 75% of the issue price, amounting to 78,82,560, from the allottees. This conversion 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 new shares rank pari-passu with existing shares. Post-conversion, 51,010 warrants remain outstanding.
Key Highlights
- Board approved allotment of 50,048 equity shares.
- Shares issued at 210 each to non-promoters.
- Conversion from previously issued warrants.
- Paid-up equity capital increased to 2,58,50,000.
- 78,82,560 received as balance payment for conversion.
Price Impact
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