Lokesh Machines Limited — Important, 28-03-2025: Updates

The Board of Directors has approved the allotment of 1,76,562 equity shares following the exercise of preferential warrants by certain allottees. This comes after receiving a total amount of ₹3.22 crore from the warrant holders. The issue price per share is set at ₹243.25, which includes a face value of ₹10 and a premium of ₹233.25. Following this conversion, the paid-up equity share capital of the company rises to ₹19.35 crore, comprising 1,93,50,332 fully paid-up equity shares. The new shares will rank equally with existing equity shares. This development strengthens the company's capital base, potentially enhancing its financial flexibility and growth prospects. Investors should monitor how this capital increase will be leveraged for future projects and overall corporate strategy.