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 on a preferential basis, priced at Rs. 45.20 each. The initial subscription of Rs. 5.09 crore has been received, covering 25% of the total issue price. The warrants will convert into equity shares with a face value of Rs. 10 each. This move is strategic for raising funds and enhancing shareholder value, as each warrant is convertible and can significantly increase the equity base.