Lokesh Machines Receives Preferential Issue In-Principle Approvals

Lokesh Machines received in-principle approval from BSE and NSE for a preferential issue of 13,00,000 equity shares and 27,77,919 convertible warrants.
The total issue involves 40,77,919 equity shares (including warrant conversion) at an issue price of ₹181.71 per share.
Approval is subject to stringent conditions including internal control strengthening and obtaining statutory auditor utilization certificates.
The company must comply with SEBI ICDR and LODR regulations, ensuring allottees do not trade the scrip before allotment.