LE Lavoir Ltd Board Approves Allotment of 2,28,000 Equity Shares Upon Conversion of Warrants

LE Lavoir Ltd announced that its Board of Directors approved the allotment of 2,28,000 equity shares pursuant to the conversion of 2,28,000 convertible warrants. The allotment was made to non-promoter category allottees, Mr. Ashok Dilipkumar Jain, Mrs. Kajal Ashok Jain, and Ms. Viha Ashok Jain, upon exercise of the option to convert the warrants into equity shares. The allotment was made at an issue price of Rs. 264.75 per share, including a premium of Rs. 254.75 per share. The equity shares allotted will rank pari passu with the existing equity shares of the company in all respects. The company's paid-up equity share capital has increased from Rs. 3,24,00,000 to Rs. 3,46,80,000 post the allotment.