Le Merite Exports Limited — QIP/Rights/Pref., 18-03-2025: Allotment of Securities

Le Merite Exports Limited has announced a board meeting to approve the allotment of 817,600 equity shares upon converting the same number of warrants. These shares were issued at an issue price of ₹146.50 (₹10 face value plus ₹136.50 premium) following the receipt of ₹8.98 crore from the non-promoter category allottees. As a result, the company’s paid-up equity share capital now stands at ₹24.30 crore, with 24,298,600 shares outstanding. There are still 673,600 warrants pending conversion, allowing holders to convert them within the next 18 months.