Rex sealing & packing industries Limited has filed its initial disclosure with the Bombay Stock Exchange (BSE) regarding Large Corporate identification under the SEBI circular dated November 26, 2018. The submission, dated April 01, 2026, provides key financial information required under the regulatory framework.

Financial Position and Borrowings

The company's disclosure reveals its current financial standing as required under the SEBI guidelines. The key financial metrics submitted to the exchange are presented below:

Regulatory Compliance Status

Rex Sealing & Packing Industries Limited has confirmed that it does not qualify as a Large Corporate under the applicability criteria specified in SEBI circular SEBI/HO/DDHS/CIR/P/20181144 dated November 26, 2018. This determination is based on the company's current financial parameters and borrowing levels.

Corporate Information

The disclosure includes essential corporate details for regulatory identification:

Pending Financial Approvals

The company has noted that the Board of Directors is yet to approve the accounts for the financial year ended March 31, 2025. This information was included as part of the transparency requirements in the regulatory submission.

The disclosure was signed by Managing Director Naresh Nayak and submitted to the BSE's Listing Department as part of the company's ongoing compliance with SEBI regulations regarding Large Corporate identification framework.

Rex Sealing & Packing Industries Ltd has successfully completed the conversion of 94,000 warrants into equity shares, marking a significant milestone in its capital expansion strategy. The Board of Directors approved this conversion on February 10, 2026, following the receipt of the balance payment from the warrant holder.

Warrant Conversion Details

The conversion involved 94,000 warrants being converted into an equal number of equity shares at an issue price of Rs. 210 per share, which includes a premium of Rs. 200 per share. The transaction details are summarized below:

The warrant holder paid Rs. 157.50 per warrant, representing the remaining 75% of the issue price. Initially, warrant holders had paid Rs. 52.50 per warrant (25% of the issue price) when the warrants were originally allotted on November 01, 2024.

Impact on Share Capital

The conversion has resulted in a substantial increase in the company's equity base. The paid-up equity capital structure before and after the conversion shows the following changes:

The newly allotted equity shares will rank pari-passu with the existing equity shares of the company, providing equal rights and privileges to the new shareholder.

Outstanding Warrants and Future Conversions

Following this conversion, the company still has 1,11,000 warrants outstanding that are eligible for conversion. These warrant holders retain the right to convert their warrants into equity shares by paying the remaining 75% (Rs. 157.50 per warrant) within 18 months from the original warrant allotment date of November 01, 2024.

The original warrant issuance comprised 3,65,000 warrants issued to the Non-Promoter Category on a preferential basis. The company had received Rs. 1,91,62,500 as the initial 25% subscription amount for the total warrant issuance.

Regulatory Compliance

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

The Board meeting to approve this conversion was held on February 10, 2026, commencing at 5:00 PM and concluding at 5:30 PM, demonstrating the efficient handling of this significant corporate action.