Clarification28 Apr 2026, 05:01 pm
Lokesh Machines Clarifies Preferential Issue & FY26 Warrant Conversion
AI Summary
Lokesh Machines Ltd has issued clarifications regarding its proposed preferential issue of equity shares and warrants. The company confirmed the allotment of 4,03,040 equity shares during FY 2025-26 through the conversion of warrants. Promoters Mullapudi Lokeswara Rao, Mullapudi Srinivas, and Bollineni Kishore Babu were allotted shares at an issue price of ₹243.25 per share on June 26, 2025. Additionally, the company has obtained a revised valuation report dated March 5, 2026, from an IBBI Registered valuer, ensuring compliance with SEBI ICDR Regulations, 2018.
Key Highlights
- Clarification provided for proposed preferential issue of equity shares and warrants.
- 4,03,040 equity shares allotted in FY26 via warrant conversion to promoters.
- Shares allotted at ₹243.25 each to Mullapudi Lokeswara Rao, Mullapudi Srinivas, and Bollineni Kishore Babu.
- Revised valuation report obtained from IBBI Registered valuer, ensuring regulatory compliance.
Price Impact
More from LOKESHMACH