Lexus Granito (India) Limited has informed the Exchange about Intimation of Trading Approval received for 3,00,000 fully paid-up equity shares allotted pursuant to conversion of warrants (out of a total 95,04,424 convertible warrants) on a preferential basis by the Company under Regulation 30 of the SEBI (LODR) Regulations, 2015.
LEXUS · price
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Lexus Granito (India) Limited has received NSE approval for the listing of 3,00,000 equity shares (face value Rs. 10 each) that were allotted via the conversion of warrants issued on a preferential basis. These shares have been admitted to trading on the Exchange with effect from December 31, 2025 under the symbol LEXUS (Series EQ). This allotment is part of a much larger pool of 95,04,424 convertible warrants, meaning roughly 3.16% of the total warrants have so far been converted into equity. The shares carry distinctive numbers from 20190725 to 20490724 and are subject to a mandatory lock-in period until July 20, 2026.
Shareholders should note incremental dilution of about 3 lakh shares, with a significant overhang remaining as over 92 lakh convertible warrants are still outstanding and could convert into equity in the future. However, the freshly listed shares carry a lock-in until mid-2026, so no immediate supply pressure from this particular tranche. Watch future announcements for further warrant conversions.