Le Merite Exports Limited — Board Meeting, 10-07-2025: Outcome of Board Meeting

Le Merite Exports has announced a board meeting on which it approved raising up to Rs. 2.76 Cr via preferential issue of 86,400 equity shares at Rs. 320 each to identified non-promoter investors. Additionally, it plans to issue up to 10.37 lakh fully convertible warrants at the same price, potentially raising Rs. 33.18 Cr, with 25% upfront payment on warrants. The company appointed Ms. Prachi Bansal & Associates as Secretarial Auditors for five years and Mr. Arpit Sharma as Company Secretary & Compliance Officer. An EGM is scheduled to seek shareholder approval for these proposals.