Undertaking regarding Appointment of Monitoring Agency - Issue of Convertible Warrants through the Preferential Basis.
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Awaiting price reaction for this filing.
LE Lavoir Ltd has submitted an undertaking to BSE clarifying the appointment of a Monitoring Agency for its proposed issue of Convertible Warrants on a preferential basis. Under SEBI's ICDR Regulations, a Monitoring Agency is mandatory only when the issue size exceeds Rs. 100 Crores. Since the company's proposed preferential issue is below this threshold, appointing a Monitoring Agency is not required. However, the company has committed to appointing one if the issue size crosses Rs. 90 Crores. The undertaking was signed by Managing Director Sachin Kapse on September 15, 2025.
This is a procedural filing that signals an upcoming preferential warrant issue, likely sized between Rs. 90–100 Crores. Shareholders should watch for the final issue terms, as conversion of warrants could lead to equity dilution.