Le Merite Exports LimitedLEMERITENSE
Allotment of 817600 Equity Shares pursuant to the conversion of Warrants at its meeting held on March 18, 2025
As filed · Le Merite Exports Limited has informed the Exchange regarding the allotment of 817600 Equity Shares pursuant to the conversion of Warrants at its meeting held on March 18, 2025.
CapitalWatchNotablemateriality 74 out of 100
What happened
FactLe Merite Exports Limited has informed the Exchange regarding the allotment of 817600 Equity Shares pursuant to the conversion of Warrants at its meeting held on March 18, 2025. ₹109.88/- (Rupees One Hundred Nine and Eighty-Eight Paise only) per warrant (being 75% of. converted into Equity Shares of the Company by paying the remaining 75% i.e., ₹109.88/-.
Why it matters
CapitSignal interpretationShares are issued to named investors at a set price, diluting existing holders and changing who sits on the register.
Watch next
Fact- Who the allottees are
- Issue price versus market price
- Lock-in period on the new shares
Evidence
How CapitSignal classified this
- Reasoning:
- PREFERENTIAL_ALLOTMENT base 66; +5 quantified amount; +3 quantified percentage; matched on subject
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%