Pursuant to Regulation 30 of SEBI LODR we wish to inform you that the Board of Directors of the COmpany in their meeting held today considered and approved the allotment of 50048 Equity ....
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Rex Sealing and Packing Industries Ltd's board approved the allotment of 50,048 equity shares at Rs. 210 per share (face value Rs. 10, premium Rs. 200) upon conversion of an equal number of warrants held by a single non-promoter allottee, Nirbhay Fancy Vassa. The company received the balance 75% of the warrant issue price (Rs. 157.50 per warrant), aggregating to Rs. 78.83 lakh. As a result, the company's paid-up equity capital increased from Rs. 2.53 crore (25,34,952 shares) to Rs. 2.59 crore (25,85,000 shares), a dilution of approximately 50,000 shares or ~2%. All 3,65,000 warrants originally issued in November 2024 have now been fully converted, with none remaining outstanding.
Mild share dilution (~2%) for existing shareholders. No new capital is being raised at a discount, as conversion is at the original warrant issue price of Rs. 210 per share. The stock faces minor EPS dilution, though the preferential issuance to a non-promoter has limited direct impact on promoter holdings.