Lexus Granito (India) Limited has informed the Exchange regarding Outcome of Board Meeting held today, i.e., Thursday, 26th February, 2026
LEXUS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Lexus Granito's board, in a meeting held on 26th February 2026, approved the receipt of the 2nd tranche consideration of Rs. 45 lakh from Mr. Mal Chand Dugar towards convertible warrants. The warrants were originally allotted on a preferential basis at Rs. 45.20 each (including Rs. 35.20 premium) to members of the promoter/promoter group and non-promoter categories. In total, 95,04,424 warrants were allotted across 5 allottees, of which 3,00,000 have already been converted into equity shares on 18th November 2025. The first tranche brought in Rs. 10.40 crore from the remaining allottees. Promoters Anil Babulal Detroja and Hitesh Babulal Detroja account for the bulk of the warrants allotted (over 75 lakh warrants combined).
The 2nd tranche is a small incremental capital receipt (Rs. 45 lakh) completing the consideration cycle for the warrants. However, the full conversion of 95 lakh+ warrants into equity will lead to significant dilution for existing public shareholders, while strengthening the promoter's stake in the company.