Lokesh Machines Limited has informed the Exchange regarding 'Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015- Clarification on EGM Notice for Preferential Issue'.
LOKESHMACH · price
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Lokesh Machines Limited has clarified details about a preferential issue involving conversion of warrants into equity shares. During FY 2025-26, the company allotted 4,03,040 equity shares to three promoter allottees through warrant conversion at Rs. 243.25 per share. The allottees include Mullapudi Lokeswara Rao (1,35,450 shares), Mullapudi Srinivas (1,88,590 shares), and Bollineni Kishore Babu (79,000 shares). The company has obtained a revised valuation report from IBBI registered valuer Aneesh Bansal dated 05.03.2026 to comply with SEBI ICDR Regulations, 2018 (Regulation 166A).
Promoter holding will increase as warrants are converted to equity shares. The conversion price of Rs. 243.25 per share provides a benchmark for the preferential issue pricing. Existing shareholders may see dilution in their stake percentage.