Board meeting held on April 04, 2025 for allotment of 50,00,000 (Fifty Lakhs) Convertible Warrants to…
As filed · Lexus Granito (India) Limited has informed the Exchange regarding Board meeting held on April 04, 2025 for allotment of 50,00,000 (Fifty Lakhs) Convertible Warrants to promoter and Non Promoter
What happened
FactLexus Granito (India) Limited's Board of Directors approved the allotment of 50,00,000 fully convertible warrants on a preferential basis to specified investors at an issue price of Rs 45.20 per warrant. The allotment follows prior approvals from the Board and the company's members, as well as in-principle approval from NSE Limited. Each warrant is convertible into one fully paid-up equity share upon payment of the remaining consideration amount.
Why it matters
CapitSignal interpretationShares are issued to named investors at a set price, diluting existing holders and changing who sits on the register.
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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; +2 corroborating keywords; +5 quantified amount; +3 quantified percentage; matched on subject
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 90%