LOKESH MACHINES LTD.

Lokesh Machines Ltd has received listing approval from BSE and NSE for 5,00,000 equity shares of Rs. 10/- each, issued on a preferential basis to non-promoters. The approval follows the conversion of warrants. Upon listing, the company's total paid-up capital will increase to Rs. 21,79,67,700, comprising 2,17,96,770 equity shares. The company has been advised to ensure compliance with SEBI regulations and file necessary documents, including confirmation from depositories, for trading approval.

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.

Lokesh Machines' standalone revenue grew 15.4% YoY to Rs55.46 Cr in Q1 FY27, but fell 6.6% sequentially from Rs59.36 Cr in the seasonally stronger Q4 FY26 (year-end close). Net profit of Rs1.01 Cr looks dramatic on a YoY basis (+121.8%), but that comparison is against a thin Rs0.46 Cr base a year ago and should not be read as a step-change in profitability — on a QoQ basis PAT fell 53.1% from Rs2.15 Cr. EPS was Rs0.49 versus Rs0.23 YoY and Rs1.08 QoQ. There were no one-off or exceptional items in either the current or comparison quarters, so both the YoY and QoQ moves are on a like-for-like operating basis. No analyst estimates or street previews for this quarter could be found (checked via web search; Alpha Spread and TipRanks show no coverage for the stock), so vsStreet is unknown; management has also not put out any formal guidance or concall commentary on record, so the print cannot be graded against a stated outlook — both are gaps in coverage rather than misses. Margins tell the more consistent story: operating margin (OPM) compressed to 17.3% from 17.9% a year ago and 17.7% last quarter, while net margin, though up YoY off the low base, remains thin at 1.8% of total income. The squeeze traces to finance costs, which rose to Rs4.65 Cr (from Rs4.40 Cr YoY and Rs4.22 Cr QoQ) and ate most of the Rs7.30 Cr segment operating profit, leaving just Rs1.41 Cr of PBT. Segment mix shifted meaningfully: the smaller Components division scaled revenue to Rs15.55 Cr (from Rs1.96 Cr a year ago) and PBIT to Rs2.15 Cr, while the core Machinery division's revenue fell 13.2% YoY to Rs40.22 Cr and its PBIT slipped to Rs5.15 Cr from Rs6.19 Cr — the Machinery softness is what's keeping overall growth and profitability muted despite the Components ramp. During the quarter the company also raised fresh capital, allotting 13 lakh equity shares and 27.78 lakh warrants to promoters and non-promoters at a Rs171.71 premium, taking paid-up capital to Rs21.30 Cr; a further 5 lakh warrants converted post quarter-end (July 11) took it to Rs21.80 Cr. Two developments outside this quarter's numbers matter for what comes next: OFAC removed the company from its US sanctions (SDN) list effective June 30, 2026 — ending a block on foreign-currency transactions that had been in place since October 2024 — and the company won a Rs58.2 Cr defence order on July 15, 2026, a sum larger than the entire quarter's revenue. Neither shows up in these Q1 figures but both are relevant markers for Q2 FY27 onward.

Lokesh Machines Ltd has announced that its Board of Directors will convene on August 12, 2026. The primary agenda item is to consider and approve the Un-audited Financial Results for the quarter ended June 30, 2026. Additionally, the board will discuss any other matters permitted by the Chair. The trading window for company securities will remain closed for insiders until 48 hours after the results are publicly declared.

Lokesh Machines Ltd has announced the receipt of a significant order worth ₹58,20,89,421/- (inclusive of all duties and taxes) from the Integrated Headquarters of the Ministry of Defence (Army), Government of India. The order is for the supply of MOD kits for 7.62MM Medium Machine Guns. This substantial order underscores the company's role in supplying critical components to the defense sector. The disclosure was made in compliance with SEBI regulations, with the event occurring on July 15, 2026, at 12:45 PM IST. The company has confirmed no promoter interest in the awarding entity and that the transaction is not a related party transaction.

Lokesh Machines Ltd announced the allotment of 5,00,000 equity shares following the conversion of warrants. This conversion was approved by the Share Allotment Committee at a meeting held on July 11, 2026. The company received an aggregate amount of ₹6,81,41,250/- as the "Warrant Exercise Price" for this conversion. The issuance price per warrant was ₹181.71/-, comprising a subscription price of ₹45.4275/- and an exercise price of ₹136.2825/-. Post-allotment, the company's issued, subscribed, and paid-up equity share capital has increased to ₹21,79,67,700/-, comprising 2,17,96,770 equity shares of ₹10/- each. The new shares will rank pari-passu with existing shares.

Lokesh Machines Ltd has been officially removed from the United States Department of the Treasury's Office of Foreign Assets Control (OFAC) Specially Designated Nationals and Blocked Persons (SDN) List. This confirmation was received from the Ministry of External Affairs, Government of India, via a letter dated July 8, 2026, with the event occurrence date noted as July 9, 2026. The removal, effective June 30, 2026, signifies that the company's designation has been lifted, and any associated blocked property is now unblocked. This development is crucial for Lokesh Machines' international business dealings and reassures banks, financial institutions, customers, suppliers, and business partners.

Lokesh Machines Ltd has announced a change in its Senior Management Personnel (SMP). Mr. Sandeep Avinash Dorle, the Chief Operating Officer (COO), will be relieved from his services effective close of business hours on July 10, 2026, due to his superannuation. This intimation is in compliance with SEBI (LODR) Regulations, 2015. The company has provided the required disclosures as per SEBI circulars.

Lokesh Machines Ltd has been removed from the United States Department of the Treasury's Office of Foreign Assets Control (OFAC) sanctions list. This removal permits the company, subject to U.S. laws, to engage in transactions with U.S. persons and access the U.S. financial system, including U.S. dollar-denominated transactions. The delisting is expected to normalize the company's international business operations and facilitate transactions with domestic multinational corporations. Lokesh Machines remains committed to regulatory compliance and is working with legal counsel to ensure ongoing adherence to OFAC regulations.

Lokesh Machines Limited has been removed from the United States Department of the Treasury's Office of Foreign Assets Control (OFAC) Specially Designated Nationals and Blocked Persons List. This action, effective June 30, 2026, unblocks all property and interests in property that were previously frozen due to the designation. The company had previously been notified of this designation on November 6, 2025. This development is a significant positive regulatory update for the company.