Intimation of Trading Approval Received for the Preferential Allotment of 2,28,000 Fully Paid-up Equity Shares Pursuant to conversion of Warrants by Le Lavoir Limited.
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Le Lavoir Ltd has received BSE trading approval for 2,28,000 fully paid-up equity shares issued to non-promoters on a preferential basis. The shares have a face value of Rs. 10 each and were issued at a premium of Rs. 254.75, making the issue price Rs. 264.75 per share. The total share capital increase from this conversion amounts to approximately Rs. 6.04 crore. The company had filed the in-principle application on 5th December 2024, and trading becomes effective from 6th May 2026. The shares bear distinctive numbers from 3240001 to 3468000.
Dilution of approximately 2.28 lakh equity shares to non-promoters, which may impact promoter holding. The warrant conversion at a premium of Rs. 254.75 suggests existing warrant holders exercised their conversion rights at a profitable level.