Le Merite Exports Limited — QIP/Rights/Pref., 27-11-2024: Allotment of Securities

Le Merite Exports Limited has approved the allotment of 1,491,200 fully convertible warrants at an issue price of ₹146.50 each. This preferential allotment is expected to raise approximately ₹21.84 crore, allowing warrant holders the right to convert these into equity shares within 18 months. The allotment targets non-promoter category investors, enhancing capital resources potentially aimed at funding growth opportunities. Post-conversion, the equity shareholding structure will reflect the updated holdings of these participants.