Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Board of Directors of the Company in their meeting ....
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Awaiting price reaction for this filing.
The Board of Directors of Rex Sealing and Packing Industries, at their meeting on February 10, 2026, approved the allotment of 94,000 equity shares on conversion of 94,000 warrants. The shares were issued at Rs. 210 per share (including a premium of Rs. 200) on a preferential basis to a non-promoter allottee, Chintan Natwarlal Mehta. The company received Rs. 1.48 crore as the balance 75% of the issue price. As a result, the paid-up equity capital increased from Rs. 2.38 crore (23,80,000 shares) to Rs. 2.47 crore (24,74,000 shares). Additionally, 111,000 warrants remain outstanding and are yet to be converted into equity shares within the 18-month window.
This is a minor dilution event (about 4% increase in share count) from an existing warrant conversion, so the immediate price impact should be limited. The remaining 111,000 warrants could lead to further dilution if converted, which shareholders should keep an eye on.