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.

Le Lavoir Limited has announced a strategic expansion into the hospitality sector through the acquisition of three entities specializing in travel and accommodation services. The company disclosed under Regulation 30 of SEBI listing requirements that it entered into a Memorandum of Understanding on March 6, 2026, for the complete acquisition of Travel Wings, Travelwings Hospitalities Private Limited, and Unigokuldham Hospitality Private Limited.

Strategic Acquisition Details

The proposed transaction involves acquiring 100% equity stakes in all three target entities, marking Le Lavoir's diversification from its core business into the hospitality and travel sectors. The acquisition is designed to support and strengthen the company's retail laundry business development across India by creating synergies with hospitality operations.

Business Synergies and Strategic Rationale

Travel Wings will engage in domestic and international tours, business tours, and conferences, generating continuous laundry needs for hotels, event venues, and travel groups. This creates a direct revenue stream for Le Lavoir's retail laundry operations through increased customer traffic and service demand.

Both Travelwings Hospitalities and Unigokuldham Hospitality will operate hotels and resorts, providing stable and sustainable demand for laundry services while improving service quality and operational efficiency across both hospitality and laundry business segments.

Financial Structure and Capital Details

Regulatory and Completion Framework

The acquisition does not fall within the purview of related party transactions, as confirmed in the regulatory disclosure. The transaction is subject to shareholder approval and other applicable regulatory clearances. The company has not disclosed specific financial terms, stating that consideration details are as per the MOU.

The completion timeline remains subject to receiving necessary approvals, with the company indicating that the acquisition process will proceed once all required clearances are obtained. This strategic move positions Le Lavoir to leverage the hospitality sector's growth while expanding its service portfolio beyond traditional laundry operations.