Lokesh Machines Limited (LOKESHMACH) — Board Meeting

· NSE 🟡 Notable Neutral
📢 Key Event
Clarified preferential issue of 403,040 shares via warrant conversion to promoters.
🔄 What Changed
403,040 shares allotted during FY 2025-26; valuation report dated March 5, 2026 submitted.
💡 Investor Takeaway
The share conversion may dilute existing shareholders' stakes.

Lokesh Machines Limited clarified that it completed a preferential issue of 403,040 equity shares and warrants during FY 2025-26, converting warrants held by promoters Mullapudi Rao, Mullapudi Srinivas, and Bollineni Kishore Babu at ₹243.25 per share. The company obtained a revised valuation report from an IBBI-registered valuer on March 5, 2026, to comply with SEBI regulations. This disclosure addresses the earlier EGM notice for the preferential issue.

📄 View Original Announcement (PDF)

About Lokesh Machines Limited (LOKESHMACH)

Capital Goods · Industrial Manufacturing · Listed on NSE

Market Cap: ₹531.89 Cr P/E: 271.0

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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