(i) Naresh Nayak, aged 43 years is the founding Promoter of our company and is designated as the Managing Director of our Company. He was appointed on the Board of our Company since incorporation. He completed his Bachelor’s degree in Computer Engineering from Mumbai University in the year 2003. He has more than 17 years experience in various businesses like Chemicals, Gland Packing, Gasket, Industrial Bellows etc and has vast exposure in the fields of management, finance, accounting, information technology and legal. He is a partner in M/s Rex Industries. (ii) Niranjan Nayak, aged 47 years is the founding Promoter of our company and is designated as Whole Time Director and Chief Financial Officer of our Company. He was appointed on the Board of our Company since incorporation. He completed his Bachelor of Mechanical Engineering from Shivaji University in the year 1997. He is a partner in M/s Rex Industries. He has been an integral part of our company and responsible for formulating various strategies and providing guidance for its implementation in our Company.  (iii) Manjunath Nayak , aged 82 years is the founding Promoter of our Company and is designated as Whole Time Director on the Board of our Company. He was appointed on the Board of our Company since incorporation. He completed his Bachelor of Arts from Mumbai University in the Year 1965. He completed Master of Arts from Mumbai University in the year 1968. He has more than two decades of experience in the Industrial Packaging and Sealing Industry. The expertise of Manjunath Nayak will play the crucial role of understanding the specific needs of the clientele.

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Review and Recommendation of Rex Sealing and Pakaging Industries by IZ team is 3/10 (i) Rex Sealing and Packing Industries Limited manufactures and exports sealing, packing, and insulation products, such as Jointing Sheets, Fabric Expansion Joints, Gland packing & Ropes, and Ceramic Fiber Products. (ii) Rex Sealing and Packing Industries Limited is an ISO 9001 & 14001 Certified company. It was founded by Mr. Manjunath Nayak under the name of M/s Rex Industries in 1963 to manufacture gland packing. (iii) For the selection of products, they follow the British Standard ("BS"), German Standard DIN, American Standard ASTM, and American Standard Soc of Mechanical Engineers ("ASME") quality requirements. (iv) Diversified products include major categories: 1. Compressed Fibre Jointing Sheets / Gaskets, 2. Gland Packing & Ropes, 3. Fabric Expansion Joints, 4. Technical and Heat Resistance Textiles, 5. Ceramic Fiber Product (v) Their production unit is centrally placed in Panvel, giving them strategic and operational advantages. It has a well-equipped laboratory, current technology, testing equipment, and supporting atmosphere and facilities to ensure products meet requirements. (vi) Their products are used in the Petrochemical, Pharmaceutical, Power, Steel, Cement, Chemical, Gas, and Process industries. Their R&D lab conducts rigorous testing and quality control. R&D tests raw resources and products. R&D ensures product quality. (vii) For June 30, 2022, Fiscal 2022, 2021, and 2020, their operations revenue was 5.71 Cr, 20 Cr, 17 Cr, and 20 Cr. EBITDA was 54.78 lakhs, 140.11 lakhs, 138.27 lakhs, and 258.33 lakhs and their restated profit after tax was 37.60 Lakhs 5.78 Lakhs, 36.80 Lakhs, and 113.31 Lakhs. (viii) Their Competitive Strengths: - Multi-industry focus, Product Quality, Experienced management, long-term clients, repeat business Innovation and cost savings through in-house R&D. (ix) Their Business Strategy : - Innovation, expansion, technology upgrades and cost reductions, Increase working capital, Maintain customer focus, Recruit, retain, and develop qualified staff. Invest in R&D for sustainable growth, Professionalizing. (x) Their main raw material are Rubber, Fiber, Filler, Yarn, Ceramic Blankets, Stainless Steel Wire Mesh, Temperature Resistance Fabrics, Polytetrafluoroethylene Foil. (xi) The Revenue has Increased from 20 Crore in FY20 to 21 Crore in FY22. (xii) The PAT has Decreased from 1 Crore in FY20 to 54 Lakhs in FY22. (xiii) The EBITDA has Decreased from 2 Crore in FY20 to 1 Crore in FY22. (xiv) As per FY22, EPS is 2.16, Market Capitalization is 34 Crore & P/E is 62.26 .