ALPHA TRIBE

LE Lavoir LtdImportant, 21-10-2025: Company Update

21-10-2025 | 06:31 pm

Le Lavoir Limited's Board has approved the allotment of 3,15,090 convertible warrants to non-promoter investors. Each warrant, priced at Rs. 264.75, can be converted into one equity share of Rs. 10 face value within 18 months. This move, combined with a prior warrant allotment, totals 15,81,090 potential new equity shares. Upon full conversion, the company's paid-up equity share capital will rise from 3.24 Cr (divided into 32,40,000 shares) to 4.82 Cr (divided into 48,21,090 shares). This expansion signals fresh capital infusion for the company and will result in dilution for current shareholders.

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