Lokesh Machines Limited — Board Meeting, 30-11-2024: Outcome of Board Meeting

The Board has announced a meeting outcome approving the allotment of 2,00,000 equity shares following the exercise of warrants. A total of ₹3.65 Cr was received as the warrant exercise price. Post-allotment, the company’s paid-up equity share capital increases to ₹19.01 Cr, composed of 1,90,14,770 shares. The new shares will rank equally with existing ones. This move is expected to enhance the company’s capital structure and provide more flexibility for future growth initiatives.