Investment6 Mar 2026, 03:04 pm
Lokesh Machines Ltd. Proposes Capital Increase and Preferential Allotment of Equity Shares
AI Summary
Lokesh Machines Ltd. announced that the Board of Directors, in a meeting held on March 06, 2026, proposed to increase the authorized share capital and alter the capital clause of the Memorandum of Association. The proposed increase in the authorized share capital is from Rs. 22,00,00,000/- to Rs. 25,00,00,000/-. The Board also approved the issuance of equity shares and/or warrants convertible into equity shares up to 40,77,919 at an issue price of Rs. 181.71/- each through preferential allotment. The record date for remote E-voting is fixed as March 27, 2026, and the Extraordinary General Meeting (EGM) is scheduled for April 03, 2026.
Key Highlights
- Proposed increase in the authorized share capital from Rs. 22,00,00,000/- to Rs. 25,00,00,000/-
- Alteration of the capital clause of the Memorandum of Association
- Issuance of equity shares and/or warrants convertible into equity shares up to 40,77,919 at an issue price of Rs. 181.71/- each
- Fixing of the record date for remote E-voting as March 27, 2026
- Scheduling of the Extraordinary General Meeting (EGM) for April 03, 2026