Rex Sealing converts 50,048 warrants to equity, raises capital

Rex Sealing and Packing Industries Ltd's Board of Directors approved the allotment of 50,048 equity shares to the "Non-Promoters Category" on April 17, 2026. These shares resulted from the conversion of an equal number of warrants at an issue price of ₹210/- each, including a premium of ₹200/-. The company received the balance 75% of the issue price, totaling ₹78,82,560, from the allottees. This conversion has increased the company's paid-up equity capital from ₹2,53,49,520 (2,534,952 Equity Shares) to ₹2,58,50,000 (2,585,000 Equity Shares). The newly allotted shares will rank pari-passu with existing equity shares. Post this conversion, 5,101 warrants remain outstanding from the total 3,65,000 warrants initially issued. The company had previously secured in-principle approval from BSE Limited.