Investment20 Feb 2026, 04:31 pm
Rex Sealing and Packing Industries Ltd. Allots Equity Shares on Conversion of 60,952 Warrants
AI Summary
Rex Sealing and Packing Industries Ltd. has allotted 60,952 Equity Shares on conversion of warrants at an issue price of Rs. 210/- each, including a premium of Rs. 200/- each, to a Non-Promoter Category. The warrants were issued at an issue price of Rs. 210- per warrant on payment of Rs. 52.5/- per warrant, entitling the warrants holders to get their warrants converted into equal number of Equity Shares of the Company by paying remaining 75% i.e., Rs. 157.50/- per warrant within 18 months from the date of warrant allotment. This has increased the company's paid-up equity capital from Rs. 2,47,40,000/- to Rs. 25,349,520/-.
Key Highlights
- Rex Sealing and Packing Industries Ltd. allots 60,952 Equity Shares on conversion of warrants.
- The warrants were issued at an issue price of Rs. 210- per warrant on payment of Rs. 52.5/- per warrant.
- Warrant holders entitled to convert warrants into Equity Shares by paying remaining 75% within 18 months.
- The company's paid-up equity capital increases from Rs. 2,47,40,000/- to Rs. 25,349,520/-.
- The company has received in-principle approval from BSE Limited.