Lexus Granito (India) Limited has informed the Exchange regarding Board meeting held on April 04, 2025 for allotment of 50,00,000 (Fifty Lakhs) Convertible Warrants to promoter and Non Promoter
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Lexus Granito (India) Limited held a board meeting on April 04, 2025 to approve the allotment of 50,00,000 (Fifty Lakhs) Convertible Warrants. These warrants are being issued to both Promoter and Non-Promoter categories of allottees. Convertible warrants give the holder the right (but not obligation) to convert them into equity shares of the company at a later date, subject to terms. The specific conversion price, terms, and timeline are not detailed in this filing. This is a capital-raising move that will lead to potential equity dilution once the warrants are converted into shares.
Shareholders should note this is a potential future dilution event — when these warrants are converted into shares, existing shareholders' stake percentage will reduce. The promoter participation signals confidence, while non-promoter allotment indicates fresh capital infusion.