Lexus Granito (India) Limited — Board Meeting, 03-04-2025: Outcome of Board Meeting

The Board of Directors has announced a board meeting to approve the allotment of 45,04,424 fully convertible warrants to specified investors at an issue price of Rs. 45.20 per warrant. The meeting resolved to allot these warrants on a preferential basis, having received an initial subscription amount of Rs. 5.09 crore (Cr), which is 25% of the total issue price. Each warrant is convertible into one fully paid-up equity share with a face value of Rs. 10. The warrants can be exercised in one or more tranches within 18 months.