Lokesh Machines Limited — Board Meeting, 27-12-2024: Outcome of Board Meeting

The board meeting confirmed the allotment of 1,59,000 equity shares, resulting from the conversion of 15,00,000 warrants previously issued on a preferential basis. The process was initiated following the receipt of approximately Rs. 2.90 crore as the warrant exercise price. Consequently, the company's total paid-up equity share capital now stands at Rs. 19.17 crore, comprising 1,91,73,770 fully paid-up equity shares. This move is expected to strengthen the company's equity base and enhance its liquidity position.