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

The Board of Directors has announced a board meeting where they approved the allotment of 5,000,000 fully convertible warrants on a preferential basis to specified investors at an issue price of ₹45.20 per warrant. The total amount received for this allotment is ₹5.65 crore, with each warrant being convertible into one equity share at a face value of ₹10. The conversion option can be exercised by paying the remaining 75% of the issue price at the time of share allotment. This strategic move could enhance the company's capital structure as these warrants are expected to be converted within 18 months.