Lokesh Machines Limited has informed the Exchange regarding 'Trading Approval of 1,76,562 Equity Shares allotted pursuant to Conversion of Warrants Issued on Preferential Basis.'.
LOKESHMACH · price
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Lokesh Machines Limited has received trading approval from NSE and BSE for 1,76,562 equity shares of Rs. 10 each. These shares were allotted on March 28, 2025 to the company's promoters upon conversion of warrants previously issued on a preferential basis. The issue was priced at Rs. 243.25 per share, which includes a premium of Rs. 233.25. The new shares became eligible for trading from June 5, 2025 and rank equally with existing shares. The shares carry a lock-in period until December 13, 2026, meaning promoters cannot sell them for about 18 months from the allotment date.
This is a routine listing event following a warrant conversion — no fresh capital is raised since warrants were already issued earlier. Shareholders should note a modest increase in share count (1,76,562 shares), which may cause minor dilution. Promoter shareholding is now locked in until December 2026, which limits any near-term selling pressure from them.