Lexus Granito (India) Limited has informed the Exchange regarding Outcome of Board Meeting held today, i.e., Friday, 27th 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 (India) Limited's board, at its meeting on February 27, 2026, approved the allotment of 3,00,000 fully paid-up equity shares to Mr. Mal Chand Dugar (a non-promoter) upon conversion of 3,00,000 convertible warrants. The shares were allotted at Rs. 45.20 per share (face value Rs. 10, premium Rs. 35.20), with the allottee paying the balance 75% amount of Rs. 33.90 per share, aggregating to Rs. 1.017 crore. As a result, the company's paid-up equity share capital increased from Rs. 20.49 crore (2,04,90,724 shares) to Rs. 20.79 crore (2,07,90,724 shares). Mr. Dugar's stake in the company rose from 0.10% (20,500 shares) to 1.54% (3,20,500 shares). Out of a total of 95,04,424 warrants originally issued in April 2025, 6,00,000 warrants have now been converted into equity shares. The newly issued shares will rank pari passu with existing shares and the company will apply for their listing on NSE.
This is a routine warrant conversion on a preferential basis resulting in a minor dilution (about 1.46% increase in share count). No material impact on share price is expected; the stock may see minor technical dilution. Shareholders should note a slight increase in equity base.