Le Lavoir Limited has strengthened its board governance structure through the appointment of two additional independent directors and comprehensive reconstitution of its board committees. The board meeting, held on April 2, 2026, at the company's registered office in Rajkot, Gujarat, approved several key governance decisions under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

New Director Appointments

The company appointed two seasoned professionals as additional non-executive independent directors, both effective from April 2, 2026:

Director Profiles and Expertise

Mr. Amit Kumar Bera brings strong academic credentials with a Bachelor of Science (Honours) in Mathematics from the University of Calcutta and additional qualifications in Computer Science and M-commerce. His professional expertise spans financial services, financial planning, and financial markets, supported by experience with proprietary research tools and transaction systems. He holds certifications in mutual fund advisory (AMFI) and life insurance advisory (IRDA), demonstrating his capability in investment and insurance solutions.

Mr. Samrat Mondal contributes over 12 years of diverse experience in financial services, complemented by a Bachelor of Science degree from the University of Calcutta. His expertise encompasses financial planning, client management, and market understanding. Additionally, he brings over 5 years of experience in Media and Hospitality industries, enhancing his communication and client engagement capabilities.

Board Committee Reconstitution

Following the director appointments, the company reconstituted three key board committees effective April 2, 2026:

Committee Structure

Corporate Governance Enhancement

The board meeting, which commenced at 6:00 P.M. and concluded at 7:00 P.M., reflects the company's commitment to strengthening its governance framework. The appointments and committee reconstitutions comply with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, demonstrating the company's adherence to regulatory requirements and corporate governance best practices. The company has provided comprehensive disclosure details as required under SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.

Le Lavoir Limited has successfully completed the allotment of 2,28,000 fully paid-up equity shares through the conversion of convertible warrants, following the board of directors' approval during their meeting held on March 30, 2026. The conversion represents a significant milestone in the company's capital expansion strategy, with the board meeting conducted at the registered office from 2:00 PM to 2:30 PM.

Warrant Conversion Details

The conversion involved 2,28,000 convertible warrants out of a total of 15,81,090 outstanding warrants, with each warrant converted at an issue price of ₹264.75 per share. The company received the remaining 75% exercise price amounting to ₹4,52,72,250 from the allottees, completing the conversion process initiated with the original warrant allotment on October 15, 2025 and October 21, 2025.

Allottee-wise Share Distribution

The equity shares were allotted to three non-promoter category investors, with Ashok Dilipkumar Jain receiving the largest allocation. The allotment significantly strengthens the company's non-promoter investor base and increases their collective shareholding.

Capital Structure Enhancement

Following the warrant conversion, the company's paid-up equity share capital has increased from ₹3,24,00,000 comprising 32,40,000 equity shares to ₹3,46,80,000 comprising 34,68,000 equity shares. This represents a 7.04% increase in the total share count, reflecting the company's successful capital expansion through the preferential allotment route.

Outstanding Warrant Portfolio

The three allottees continue to hold substantial convertible warrants for future conversion, maintaining significant conversion potential for further capital expansion. The remaining warrant portfolio provides flexibility for additional fundraising as per business requirements.

Regulatory Compliance and Listing

The allotment was conducted in accordance with the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, ensuring full regulatory compliance. The newly allotted equity shares rank pari passu with existing equity shares in all respects, providing equal rights to the new shareholders. The company will apply to the stock exchange for listing and trading of the newly issued shares in due course, ensuring liquidity for the new shareholders and maintaining transparency in the capital markets.