LE Lavoir Ltd. Allots Equity Shares Following Warrant Conversion
LE Lavoir Ltd. announced the allotment of 2,28,000 fully paid-up Equity Shares following the conversion of 2,28,000 convertible warrants. The conversion was made by Mr. Ashok Dilipkumar Jain, Mrs. Kajal Ashok Jain, and Ms. Viha Ashok Jain, all belonging to the ‘Non-promoter’ category. The allotment occurred on March 30, 2026, at the company’s registered office in Rajkot, Gujarat.The equity shares were allotted at an issue price of Rs. 264.75 per share, including a premium of Rs. 254.75 per share. The total consideration received aggregated to Rs. 4,52,72,250.
As a result of this allotment, the company’s paid-up equity share capital has increased from Rs. 3,24,00,000 consisting of 32,40,000 Equity Shares to Rs. 3,46,80,000 consisting of 34,68,000 Equity Shares.
The newly issued shares will rank pari passu with existing Equity Shares. LE Lavoir Limited plans to apply for listing and trading of the newly allotted shares on the stock exchange.
Details of Allotment
The following table summarizes the allotment details:
| Sr. No. | Name of Allottee(s) | Category (Promoter / Non- Promoter) | No. of Convertible Warrants Held | Shares Allotted upon Conversion | Balance Outstanding Warrants for Conversion | 25% of Consideration Received (Rs.) | 75% of Consideration Received (Rs.) |
|---|---|---|---|---|---|---|---|
| 1 | Ashok Dilipkumar Jain | Non- Promoter | 4,88,700 | 1,08,000 | 3,80,700 | 3,23,45,831.25 | 2,14,44,750 |
| 2 | Kajal Ashok Jain | Non- Promoter | 1,95,000 | 60,000 | 1,35,000 | 1,29,06,562.50 | 1,19,13,750 |
| 3 | Viha Ashok Jain | Non- Promoter | 1,95,000 | 60,000 | 1,35,000 | 1,29,06,562.50 | 1,19,13,750 |
| Total | 8,78,700 | 2,28,000 | 6,50,700 | 5,81,58,956.25 | 4,52,72,250 |
Convertible warrants were initially allotted on October 15 and October 21, 2025, with a right to subscribe to one equity share per warrant upon receipt of 25.00% of the issue price.
Source:
Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Last edited by a moderator: