Le Merite Exports Limited — Important, 31-07-2025: General Updates

Le Merite Exports plans to raise Rs. 35.63 Cr through a preferential issue, comprising 86,400 equity shares and 10,27,000 convertible warrants, each priced at Rs. 320. The capital aims to fund strategic investments (Rs. 26.72 Cr) and general corporate purposes (Rs. 8.91 Cr). Upon full warrant conversion, promoter shareholding will adjust from 62.22% to 57.95%, boosting public float. The board asserts this move benefits the company and shareholders. Warrants will convert into shares ranking equally with existing ones.