Lokesh Machines Clarifies Preferential Issue Details and Valuation Report Compliance
Lokesh Machines Limited confirmed allotments of 4,03,040 securities via warrant conversion during FY 2025-26 at ₹243.25 each to promoters Mullapudi Lokeswara Rao, Mullapudi Srinivas, and Bollineni Kishore Babu. The company also obtained a revised valuation report from IBBI Registered Valuer Aneesh Bansal.
The clarification on preferential issue details and the submission of a revised valuation report are material to potential investors and regulatory compliance, impacting the company's fundraising activities.
The announcement provides clarifications and factual updates regarding a preferential issue and valuation report, without introducing significantly positive or negative developments.
Lokesh Machines Limited has issued a clarification regarding its proposed preferential issue of equity shares and warrants, referencing its earlier disclosure on the Notice of Extraordinary General Meeting (EGM).
The company confirmed allotments made during the financial year 2025-26 through the conversion of warrants. Key allottees include Mullapudi Lokeswara Rao, Mullapudi Srinivas, and Bollineni Kishore Babu, all categorized as Promoters. A total of 1,35,450 securities were allotted to Mullapudi Lokeswara Rao, 1,88,590 to Mullapudi Srinivas, and 79,000 to Bollineni Kishore Babu, each at an issue price of ₹243.25. The total number of securities allotted was 4,03,040.
Furthermore, the company stated that it has obtained a revised valuation report from Mr. Aneesh Bansal, an IBBI Registered Valuer. This report, dated March 5, 2026, was obtained in compliance with Regulation 166A of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018. The valuation report has been uploaded to the company's website at the provided URL and will also be available on the websites of the stock exchanges. All other contents of the EGM notice remain unchanged, except as modified or supplemented by this disclosure.
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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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