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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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Rex Sealing and Packing Industries converted 50,048 warrants held by one non-promoter investor (Nirbhay Fancy Vassa) into an equal number of equity shares at Rs. 210 per share (including Rs. 200 premium). The investor paid the remaining 75% of the warrant price (Rs. 157.50 per warrant), aggregating to Rs. 78,82,560. This follows a 3,65,000-warrant preferential issue originally approved at an EGM on 20 December 2023, where only 25% (Rs. 52.50/warrant) was paid upfront. All warrants have now been fully converted to equity. The company's paid-up capital rose from Rs. 2.53 crore (25,34,952 shares) to Rs. 2.59 crore (25,85,000 shares). The new shares rank pari-passu with existing shares.
Dilution of ~2% from warrant conversion; modest increase in equity base. The conversion signals completion of the preferential warrant issuance, removing overhang of potential share issuance.