Lokesh Machines Board Approves Share Capital Increase and Preferential Allotment
Lokesh Machines' Board approved increasing authorized share capital to ₹25 Crores and a preferential allotment of up to 40,77,919 equity shares/warrants at ₹181.71 each. An EGM is scheduled for April 03, 2026, with March 27, 2026, as the e-voting cut-off date.
The preferential allotment and increase in authorized share capital are significant corporate actions that could impact the company's financial structure and future growth.
The company is undertaking actions to increase its capital and potentially raise funds through preferential allotment, which is generally viewed positively for growth prospects.
Lokesh Machines Limited announced that its Board of Directors, in a meeting held on March 06, 2026, has approved several key corporate actions, subject to shareholder approval. The company plans to increase its authorized share capital from ₹22 Crores to ₹25 Crores by issuing 2.50 Crore equity shares of ₹10 each. Additionally, the Board has approved the issuance of up to 40,77,919 equity shares and/or warrants convertible into equity shares at an issue price of ₹181.71 per share through a preferential allotment.
The company also announced the convening of an Extra-ordinary General Meeting (EGM) on April 03, 2026, at 11:00 AM IST via video conferencing. March 27, 2026, has been fixed as the cut-off date for remote e-voting for the EGM. L.D. Reddy & Co. has been appointed as the scrutinizer for the EGM. The board meeting commenced at 11:00 AM IST and concluded at 02:40 PM IST.
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Lokesh Machines Limited filed this with the NSE as a statutory disclosure, categorised under equity fundraising. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Lokesh Machines Limited. Read the original for the full detail.