Proceedings of the Extra-ordinary General Meeting of the Company pursuant to Regulation 30
LOKESHMACH · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Lokesh Machines Limited held an Extra-Ordinary General Meeting on April 3, 2026, via video conferencing. The meeting lasted 24 minutes and all directors, statutory auditor, and secretarial auditor were present. Three items of business were transacted: (1) increase in authorized share capital and alteration of the memorandum of association, (2) preferential issue and allotment of equity shares, and (3) preferential issue and allotment of warrants. Remote e-voting had taken place from March 31 to April 2, 2026. The voting results have not yet been announced as the company is awaiting the scrutinizer's report.
Preferential allotment of equity shares and warrants will dilute existing shareholder holdings. The increase in authorized capital signals the company is preparing for capital expansion, which could be positive for growth but may be negative for current shareholders due to dilution.