Le Lavoir allots convertible warrants in preferential issue

Le Lavoir Limited's board of directors, in a meeting on October 21, 2025, approved and allotted 3,15,090 convertible warrants on a preferential basis to non-promoter category investors. Each warrant is priced at Rs. 264.75, including a premium of Rs. 254.75, and is convertible into one equity share of face value Rs. 10.00 within 18 months.

The total consideration for these warrants amounts to Rs. 2,08,55,019, with a 25% consideration already paid. Notable allottees include Sonali Abhaykumar Parmar (60,000 warrants for Rs. 39,71,250.00) and Nightingale Growth (51,000 warrants for Rs. 33,75,562.50).

This allotment, combined with 12,66,000 warrants from a previous meeting on October 15, 2025, will lead to a post-conversion increase of 15,81,090 equity shares. Consequently, the company's paid-up equity share capital will increase from Rs. 3,24,00,000 (3,240,000 shares) to Rs. 4,82,10,900 (4,821,090 shares).