Allotment of 3,15,090 (Three Lakhs Fifteen Thousand Ninety) Convertible Warrants ('Warrants') at a price of Rs. 264.75 /- (Rupees Two Hundred Sixty-Four and Seventy-Five Paisa Only) each ....
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On the reaction day the stock moved 1.5 pts less than Nifty Microcap 250 and 1.8 pts less than its Trading & Distributors peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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LE Lavoir Limited's board has allotted 3,15,090 convertible warrants at Rs. 264.75 each (including Rs. 254.75 premium over face value) to non-promoter allottees on a preferential basis under SEBI ICDR regulations. Each warrant is convertible into one equity share of Rs. 10 face value within 18 months, with 25% upfront consideration paid (totalling about Rs. 2.09 crore). The allottees are 10 individuals and small entities, with Rekha Bhagat getting the largest chunk at 1,12,000 warrants and Sonali Abhaykumar Parmar getting 60,000 warrants. Along with 12,66,000 warrants allotted on October 15, 2025, full conversion of all 15,81,090 warrants would raise the paid-up capital from Rs. 3.24 crore (32.4 lakh shares) to Rs. 4.82 crore (48.21 lakh shares), representing a potential dilution of nearly 49%.
The preferential warrant issue points to a significant equity dilution overhang of roughly 49% on full conversion, which could weigh on the stock price. However, it also signals the company is raising growth capital from non-promoter sources, which is positive if deployed productively.