Lokesh Machines Limited Completes Equity Allotment Following Warrant Conversion
Lokesh Machines Limited announced the allotment of 5,00,000 equity shares after the conversion of warrants into equity shares. The transaction was approved by the Company’s Share Allotment Committee on July 11, 2026.The allotment follows an earlier intimation regarding the issuance of 27,77,919 warrants to nine allottees. The company received a total amount aggregating to Rs. 6,81,41,250/- as the Warrant Exercise Price for this conversion.
The equity shares were allotted at an issue price of Rs. 181.71/- per share, which had a face value of Rs. 10/- each. The allotment details pertain to one non-promoter investor.
| S No | Name of Allottee | Category | Warrants Held | Shares Allotted | Amount Received |
|---|---|---|---|---|---|
| 01 | Ashok Atluri | Non - Promoter | 5,00,000 | 5,00,000 | Rs. 6,81,41,250/- |
Following the successful conversion, the issued, subscribed and paid-up equity share capital of Lokesh Machines Limited increased to Rs. 21,79,67,700/. This capital consists of 2,17,96,770 fully paid-up equity shares of Rs. 10/- each.
The newly allotted equity shares stand pari-passu with the existing equity shares of the Company.
LOKESHMACH Stock Price Movement
Shares slipped on Friday, with equity declining 1.98% to close at ₹330.35. The stock saw substantial activity during the session, trading a volume of 52,234 shares.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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