Lokesh Machines Limited (LOKESHMACH) — Board Meeting

· NSE 🟡 Notable Neutral
📢 Key Event
Board approved allotment of 1.3 million equity shares and 2.78 million convertible warrants.
🔄 What Changed
Equity paid-up capital increased from 19,996,770 to 21,296,770 shares; ₹23.62 crore raised from share issue; ₹50.48 crore received for warrants.
💡 Investor Takeaway
The capital raise may dilute existing shareholders but funds growth without immediate debt impact.

Lokesh Machines Limited approved the allotment of 1.3 million equity shares at ₹181.71 per share, raising [amount not verified], and 2.78 million convertible warrants at a subscription price of [amount not verified]per warrant, with a total warrant consideration of [amount not verified]. The share allotment increases paid-up capital from 1.999677 crore to 2.129677 crore shares. Allotments are subject to SEBI lock-in norms and will be listed on BSE and NSE.

📄 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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