Lokesh Machines Limited — Board Meeting, 12-11-2024: Outcome of Board Meeting

The Board of Directors has approved the un-audited financial results for the quarter and half-year ended September 30, 2024. Revenue from operations stood at ₹13,784.25 Cr, up from ₹12,671.44 Cr year-on-year, with a net profit of ₹451.50 Cr. Additionally, they accepted a request for re-classification of a promoter group member to the public category, pending approval from BSE and NSE. The Board also confirmed the allotment of 3,18,000 equity shares following the conversion of warrants, contributing to an increase in paid-up equity share capital from ₹18,49,67,700 to ₹18,81,47,700.