Lokesh Machines Limited has informed the Exchange regarding Outcome of Board Meeting held on March 06, 2026.
LOKESHMACH · price
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Lokesh Machines' board, on March 6, 2026, approved a preferential issue of up to 40,77,919 equity shares and warrants convertible into equity shares at Rs. 181.71 each — comprising up to 13 lakh equity shares and up to 27.78 lakh warrants. This could raise up to roughly Rs. 74 crore if fully subscribed. To make room for this, the board also proposes raising authorised share capital from Rs. 22 crore to Rs. 25 crore, subject to shareholder approval. Existing promoters — notably Mullapudi Srinivas (rising from 13.08% to 14.34%) and Mullapudi Sri Krishna (11.98% to 13.92%) — are taking the bulk of the allotment, while new public investors including Zenila Ventures LLP and RLP Securities are also being brought in. An Extra-Ordinary General Meeting (EGM) is scheduled for April 3, 2026, with the e-voting cut-off set for March 27, 2026.
Existing public shareholders face dilution, but promoters pumping in more money at Rs. 181.71 per share is a confidence signal. The stock may see short-term pressure from the discounted preferential price, but the capital infusion strengthens the balance sheet if warrants are eventually exercised.