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Lokesh Machines Limited allotted 13,00,000 equity shares and 27,77,919 convertible warrants on a preferential basis, raising a total of ₹74.10 Crore. The allotment includes shares to non-promoters and warrants to both promoters and non-promoters to strengthen the company's capital base.
Lokesh Machines Limited received in-principle approval from BSE and NSE to raise approximately ₹74.14 Crore through a preferential issue. The company will issue 13,00,000 equity shares and 27,77,919 convertible warrants at ₹181.71 each to promoters and non-promoters. This capital infusion strengthens the company's financial position for future growth.
Lokesh Machines Limited clarified details regarding its proposed preferential issue of shares and warrants. The company confirmed the allotment of 4,03,040 securities at Rs. 243.25 each (totaling ₹9.80 Crore) via warrant conversion during FY 2025-26. Additionally, it confirmed compliance with valuation reports from an IBBI registered valuer.
Lokesh Machines Limited issued clarifications regarding its proposed preferential issue of equity shares and warrants. Promoters and certain group members intend to subscribe to warrants but not equity shares. The company also identified the ultimate beneficial owners of Zandra Herbs & Plantations LLP and confirmed valuation report compliance with SEBI regulations.