Regulatory13 Aug 2026, 01:33 pm
Lokesh Machines: No Deviation in Fund Utilization for Q1 FY27
AI Summary
Lokesh Machines Ltd has confirmed no deviation or variation in the utilization of proceeds from the issuance of Equity Shares and Convertible Warrants for the quarter ended June 30, 2026. The company stated that the funds were used as per the objects outlined in the notice for the Extraordinary General Meeting held on April 3, 2026. The Audit Committee reviewed and noted the allotment of 13,00,000 Equity Shares and 27,77,919 Warrants during the quarter. As of June 30, 2026, 27,77,919 warrants remain pending for conversion. The company has also submitted the Statement of Deviation or Variation in XBRL mode.
Key Highlights
- No deviation in utilization of equity and warrant proceeds for Q1 FY27.
- Funds used as per EGM notice dated March 6, 2026.
- Audit Committee reviewed and noted fund utilization.
- 13,00,000 Equity Shares and 27,77,919 Warrants allotted.
- 27,77,919 warrants pending conversion as of June 30, 2026.
Price Impact
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