Rex Sealing and Packing Industries Announces Leadership Changes in Key Compliance Roles

Rex Sealing & Packing Industries Limited has announced key leadership changes in its compliance department, with the resignation of its Company Secretary and the appointment of a new professional to the role. The changes were approved by the Board of Directors during their meeting on April 23, 2026.

Leadership Transition Details

The company's Board of Directors accepted the resignation of Ms. Aishwarya Kachhawaha from her position as Company Secretary and Compliance Officer, effective April 23, 2026. Ms. Kachhawaha cited personal reasons for her departure from the organization.

Change Type:	Details
Resignation Effective Date:	April 23, 2026
Reason for Departure:	Personal reasons
Position Vacated:	Company Secretary and Compliance Officer

New Appointment

Simultaneously, the Board approved the appointment of Mr. Manish Tarachand Pande as the new Company Secretary and Compliance Officer, ensuring seamless continuity in the company's governance functions. Mr. Pande's appointment is also effective from April 23, 2026.

Parameter:	Details
Appointee:	Mr. Manish Tarachand Pande
Membership Number:	A48185
Appointment Date:	April 23, 2026
Professional Qualification:	Associate Member of ICSI
Experience:	Over 8 years in legal and regulatory roles
Relationship with Directors:	Not related to any Director

Professional Background

Mr. Pande brings substantial expertise to his new role, with more than 8 years of experience in legal and regulatory functions. As an Associate Member of the Institute of Company Secretaries of India (ICSI), he possesses specialized knowledge in corporate governance and compliance matters. His professional background positions him well to handle the regulatory requirements and compliance obligations of the listed company.

Board Meeting Proceedings

The Board of Directors convened at the company's registered office on April 23, 2026, to deliberate on these important organizational changes. The meeting commenced at 03:00 PM and concluded at 03:40 PM, during which the directors formally approved both the resignation acceptance and the new appointment.

Meeting Details:	Information
Date:	April 23, 2026
Venue:	Registered Office
Start Time:	03:00 PM
End Time:	03:40 PM
Key Decisions:	Resignation acceptance and new appointment

The company has fulfilled its regulatory obligations by notifying BSE Limited about these changes under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. All required documentation, including detailed annexures and the resignation letter, has been submitted to ensure compliance with listing requirements.

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Rex Sealing & Packing Industries Ltd has successfully completed the conversion of 50,048 warrants into equity shares, marking the final phase of its warrant conversion program. The Board of Directors approved the allotment on April 17, 2026, during a meeting held from 11:00 AM to 11:15 AM at the company's registered office.

Warrant Conversion Details

The conversion involved the allotment of 50,048 equity shares at an issue price of Rs. 210 each, including a premium of Rs. 200 per share. The shares were allotted to Nirbhay Fancy Vassa in the non-promoter category on a preferential basis.

Parameter:	Details
Number of Warrants Converted:	50,048
Issue Price per Share:	Rs. 210
Premium per Share:	Rs. 200
Face Value per Share:	Rs. 10
Total Amount Received:	Rs. 78,82,560
Allottee:	Nirbhay Fancy Vassa
Category:	Non-Promoter

Capital Structure Impact

The warrant conversion has resulted in a significant change to the company's capital structure. The paid-up equity capital increased following the allotment of new shares.

Metric:	Before Conversion	After Conversion
Paid-up Capital:	Rs. 2,53,49,520	Rs. 2,58,50,000
Number of Shares:	25,34,952	25,85,000
Face Value per Share:	Rs. 10	Rs. 10

Warrant Program Completion

The company has now completed the conversion of all outstanding warrants. The warrants were originally issued on November 01, 2024, with a conversion period of 18 months. Warrant holders initially paid 25% of the issue price (Rs. 52.50 per warrant) at the time of allotment and paid the remaining 75% (Rs. 157.50 per warrant) upon conversion.

Warrant Status:	Details
Total Warrants Issued:	3,65,000
Total Warrants Converted:	3,65,000
Outstanding Warrants:	Nil
Conversion Period:	18 months from allotment

Regulatory Compliance

The allotment was conducted in compliance with SEBI (ICDR) Regulations, 2018, and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company had received in-principle approval from BSE Limited vide letter No: LOD/PREEF/AB/FIP/587/2024-25 dated October 18, 2024.

The newly allotted equity shares will rank pari-passu with existing equity shares of the company, entitling holders to dividends and corporate benefits declared after the allotment date. The shares will be credited to the allottee's demat account in dematerialized form through corporate action with depositories after obtaining necessary approvals from BSE Limited.