We hereby inform you that the Board of Directors of the Company, at its meeting held today, i.e., Tuesday, 24th March, 2026, at the registered office of the Company situated at 1st Floor, ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The Board of Directors of LE Lavoir Limited, at its meeting held on 24th March 2026, approved the receipt of the 2nd tranche of consideration for allotment of convertible warrants. The warrants were issued at Rs. 264.75 each (face value Rs. 10 + premium Rs. 254.75) on a preferential basis to a non-promoter entity. The company received Rs. 91,33,875 (approximately Rs. 91.34 lakhs) from the allottee, Mr. Ashok Dilipkumar Jain. This allotment is being carried out under Chapter V of the SEBI (ICDR) Regulations, 2018. The Board meeting lasted about 40 minutes, from 11:00 AM to 11:40 AM at the registered office in Rajkot, Gujarat.
Positive for the company as it confirms successful capital infusion from a non-promoter investor, strengthening the company's funds. However, once these warrants are converted into equity shares, there will be some dilution in the shareholding of existing shareholders.