We hereby inform you that the Board of Directors of the Company, at its meeting held today, i.e., Wednesday, 25th March, 2026, at the registered office of the Company situated at 1st Floor, ....
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The Board of Directors of Le Lavoir Limited, at its meeting held on 25th March 2026, approved the receipt of the 3rd tranche of consideration amounting to Rs. 1,25,49,150 (about Rs. 1.25 crore) for convertible warrants issued on a preferential basis. The warrants were priced at Rs. 264.75 each (Rs. 10 face value plus Rs. 254.75 premium). A total of 6,83,700 warrants have been allotted to two non-promoter allottees — Ashok Dilipkumar Jain (4,88,700 warrants) and Viha Ashok Jain (1,95,000 warrants). Across the three tranches, the company has received a cumulative consideration of approximately Rs. 6.69 crore.
This indicates the company is steadily completing its fund-raising exercise through warrant issuance to non-promoters, which will lead to equity dilution once these warrants are eventually converted. Shareholders should note the gradual increase in the company's paid-up capital and potential dilution of their holdings.