Allotment of Equity Shares on Conversion of Warrants.
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Rex Sealing and Packing Industries has allotted 56,000 equity shares to Escorp Asset Management Limited (a non-promoter) upon conversion of an equal number of warrants at Rs. 210 per share (including a Rs. 200 premium). The company received the balance 75% amount of Rs. 88.20 lakh from the allottee. As a result, the paid-up equity capital rose from Rs. 2.22 crore (22,20,000 shares) to Rs. 2.276 crore (22,76,000 shares). The warrants had originally been allotted on November 1, 2024, and 3,09,000 warrants still remain pending conversion within the 18-month exercise window.
This is a routine warrant-to-equity conversion with no fresh capital raise, so there is minor dilution of about 2.5% for existing shareholders but no new cash inflow beyond the balance amount already due. Sentiment is largely neutral, with 3,09,000 more warrants still outstanding that could add further equity supply if converted.