Le Merite Exports Limited — QIP/Rights/Pref., 10-07-2025: Issue of Securities

Le Merite Exports Limited has announced a board meeting on July 10, 2025, approving a preferential issue to raise up to Rs. 2.76 Cr by issuing 86,400 equity shares at Rs. 320 each. Additionally, up to 10,37,000 fully convertible warrants will be issued at the same price, targeting Rs. 33.18 Cr, with 25% upfront payment on warrants. These securities will be allotted to 43 identified non-promoter investors. The proceeds are intended for general corporate purposes, including expansion and debt repayment. Shareholder approval will be sought at an upcoming EGM.