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

The Board of Directors of Lexus Granito (India) Limited has announced a board meeting where they approved the allotment of 50,00,000 fully convertible warrants on a preferential basis to specified investors at an issue price of Rs 45.20 per warrant. The total consideration received was Rs 5.65 crore, with a subscription amount of Rs 11.30 per warrant constituting 25% of the issue price. Each warrant is convertible into one fully paid-up equity share with a face value of Rs 10, exercisable over a period of 18 months.