Lorenzini Apparels Limited — Important, 29-11-2024: Updates

Lorenzini Apparels Limited has received trading approval for 2,292,527 equity shares at Re. 1 each, issued following the conversion of warrants on a preferential basis. These shares are now listed and admitted for trading on both the Bombay Stock Exchange and the National Stock Exchange. The shares issued include 1,483,400 equity shares at a premium of Rs. 19.22 each, allocated to non-promoters, and an additional 809,127 bonus shares, distributed in a ratio of 6:11. The effective trading date for these securities is set for November 29, 2024. This expansion could enhance the company's capital base, potentially strengthening its market position moving forward. Shareholders should monitor the stock's performance closely in light of these developments.