Lokesh Machines Limited Certifies Utilization of Funds from Preferential Equity Issue
Lokesh Machines Limited has certified that all proceeds received from its preferential issue of equity shares and convertible warrants have been fully utilized as of June 30, 2026. The findings, presented by statutory auditors, confirm the complete deployment of the funds against the specified objects.The company raised an aggregate amount of R74.10 crores through the preferential issue of equity shares and convertible warrants. According to the certification, an amount of 736.24 crores had been received in connection with this preferred issuance as at June 30, 2026, and it has all been utilized.
The certificate details the utilization of funds across several key areas specified during the issue. Funds allocated for Capex (Capital Expenditure) totaled R15.74 crores from the proceeds raised. A significant portion was directed towards Working Capital, amounting to R25.59 crores from the total capital raised. Furthermore, Lokesh Machines Limited utilized R12.01 crores of the funds received for the Repayment of Borrowings.
The utilization structure is detailed below:
| Utilization Category | Total Amount Disclosed (Crores) | Amount Received Against Issue (Crores) | Percentage (Reported) |
|---|---|---|---|
| Capex | 15.74 | 18.18 | 27.75 |
| Working Capital | 25.59 | 21.65 | 3.94 |
| Repayment of Borrowings | 12.01 | 2.58 | N/A |
The certification confirms that the funds received and utilized from the preferential issue were exclusively deployed for the purposes outlined in the explanatory statement to the General Meeting notice dated March 12, 2026.
LOKESHMACH Stock Price Movement
Shares of Lokesh Machines Limited are edging higher to ₹332.75 as of 2:04 PM, gaining 0.89% in live trading. The equity shows solid momentum intraday, currently trading within a range that includes a low of ₹329.8 and a daily high of ₹339.5.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.
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