Lokesh Machines Limited — Important, 27-12-2024: Updates

The board meeting concluded with the approval for the allotment of 1,59,000 equity shares after the exercise of warrants on a preferential basis. The total amount received for this allotment is Rs. 2,90,07,563, which reflects the exercise price paid by the warrant holder, Mullapudi Srinivas. Following this conversion, the company’s issued equity share capital has increased to Rs. 19,17,37,700, consisting of 1,91,73,770 fully paid-up equity shares. The new shares will integrate seamlessly into the existing share structure, providing a positive outlook for capital enhancement. Investors should monitor how this capital adjustment affects overall company performance moving forward.