Lokesh Machines Limited has informed the Exchange regarding Outcome of Committee Meeting held on May 06, 2026.-Allotment of Equity Shares and Convertible Warrants.
LOKESHMACH · price
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Lokesh Machines Limited has allotted 13 lakh equity shares to 6 non-promoter allottees at Rs. 181.71 per share, raising Rs. 23.62 crore. The company also allotted 27.78 lakh convertible warrants at Rs. 181.71 per warrant (with 25% upfront payment of Rs. 45.43 and balance 75% payable on conversion), raising Rs. 50.48 crore. Promoters and promoter group received 11.3 lakh warrants while non-promoters received 6.35 lakh warrants, with Mr. Ashok Atluri being the largest non-promoter warrant holder with 5 lakh warrants. The equity paid-up capital increased from 1.997 crore shares to 2.13 crore shares.
This preferential issue will cause dilution for existing shareholders. The warrants, once converted, will further increase the equity base by 27.78 lakh shares, significantly expanding the capital base.