Lexus Granito (India) Limited — Important, 04-04-2025: Disclosure of material issue

Lexus Granito (India) Limited has announced a board meeting to allot 50,00,000 fully convertible warrants on a preferential basis to specific investors at an issue price of ₹45.20 per warrant. This follows prior approvals from the board and shareholders, along with in-principle approval from NSE. The total subscription amount received is ₹5.65 crore, reflecting interest from both promoter and non-promoter investors.

This strategic move enhances the company's capital base, positioning it for future growth opportunities. Investors might perceive this as a signal of robust financial planning, potentially leading to a positive outlook as the company expands its equity share capital.