Lorenzini Apparels Limited — Important, 07-12-2024: General Updates

Approval has been granted for the trading of 3,820,827 equity shares of Re. 1 each, following the conversion of warrants issued on a preferential basis. These shares will be listed and traded on both the Bombay Stock Exchange and the National Stock Exchange starting December 9, 2024. Additionally, there will be trading of 2,472,300 equity shares issued at a premium of Rs. 19.22 per share, reflecting a preferential allotment to non-promoters, along with 1,348,527 bonus shares reserved based on a 6:11 ratio linked to these shares. The shares are assigned distinctive numbers ranging from 168915725 to 172736551. This development could enhance the company's capital base and investor interest, signaling a positive outlook for further growth. Investors should monitor developments closely as these equity movements may impact the company’s market capitalization and strategic initiatives.