Lokesh Machines Allots 13 Lakh Equity Shares and 27.77 Lakh Warrants on Preferential Basis
Lokesh Machines Limited's Share Allotment Committee approved on May 06, 2026, the allotment of 13,00,000 equity shares to non-promoters at Rs. 181.71 each, aggregating Rs. 23,62,23,000, and 27,77,919 convertible warrants to promoters and non-promoters at Rs. 181.71 each, aggregating Rs. 50,47,75,661.49, pursuant to in-principle approvals from BSE and NSE dated April 30, 2026, under SEBI ICDR Regulations, 2018.

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Lokesh Machines Limited has completed the allotment of equity shares and convertible warrants on a preferential basis, following in-principle approvals received from BSE Limited and National Stock Exchange of India Limited on April 30, 2026. The Share Allotment Committee of the Board of Directors, at its meeting held on May 06, 2026, approved the allotment of 13,00,000 equity shares to non-promoters and 27,77,919 convertible warrants to promoters and non-promoters, at an issue price of Rs. 181.71/- per security. The preferential issue was carried out pursuant to the Board's approval on March 06, 2026, and the Members' approval at the Extra-Ordinary General Meeting dated April 03, 2026, under Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.
Equity Share Allotment
The company allotted 13,00,000 equity shares of face value Rs. 10/- each, fully paid up, at an issue price of Rs. 181.71/- per share, including a premium of Rs. 171.71/- per equity share, aggregating to Rs. 23,62,23,000/-. With this allotment, the equity paid-up share capital of the company has increased from 19,996,770 equity shares to 21,296,770 equity shares of face value Rs. 10/- each. The allotted equity shares will be listed on BSE Limited and the National Stock Exchange of India Limited, and shall be subject to lock-in as specified under the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.
The following table presents the details of equity share allottees:
| S. No.: | Name of Allottee | Category | No. of Equity Shares |
|---|---|---|---|
| 1. | Zenila Ventures LLP | Non-Promoter | 6,00,000 |
| 2. | Mr. Satyajeet Sumant Khanolkar | Non-Promoter | 1,00,000 |
| 3. | Mr. Rahul Das Rege | Non-Promoter | 1,00,000 |
| 4. | RLP Securities Pvt Ltd | Non-Promoter | 1,66,000 |
| 5. | Mr. Ravuri Mohana Chandra Vara Prasada Rao | Non-Promoter | 1,68,000 |
| 6. | Mrs. R. Leela Prasad | Non-Promoter | 1,66,000 |
| Total: | 13,00,000 |
Convertible Warrant Allotment
The Share Allotment Committee also approved the allotment of 27,77,919 convertible warrants to promoters and non-promoters at an issue price of Rs. 181.71/- each, comprising a warrant subscription price of Rs. 45.4275/- per warrant (being 25% of the issue price) and an exercise warrant price of Rs. 136.2825/- per warrant (being the remaining 75%). The total amount received towards warrant subscription aggregates to Rs. 12,61,93,916/-, with the total issue aggregating to Rs. 50,47,75,661.49/-. Each warrant is convertible into one fully paid-up equity share of face value Rs. 10/- upon payment of the balance consideration of Rs. 136.2825/- per warrant at the time of exercise. The allotted warrants shall also be subject to lock-in as specified under the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.
The following table presents the details of convertible warrant allottees:
| S. No.: | Name of Allottee | Category | No. of Warrants |
|---|---|---|---|
| 1. | Mr. Bollineni Kishore Babu | Promoter | 2,06,000 |
| 2. | Mr. Mullapudi Srikrishna | Promoter | 9,57,000 |
| 3. | Mr. Srinivas Mullapudi | Promoter | 8,37,000 |
| 4. | Mr. Mullapudi Ajay Kumar | Promoter Group | 50,500 |
| 5. | Mrs. Naga Satya Swaroopa Rani Mullapudi | Promoter Group | 92,655 |
| 6. | Mr. Ashok Atluri | Non-Promoter | 5,00,000 |
| 7. | Mrs. Rajini Meka | Non-Promoter | 1,00,000 |
| 8. | Mr. Movva Srinivasa Rao | Non-Promoter | 21,042 |
| 9. | Mr. G. Venkateswara Rao | Non-Promoter | 13,722 |
| Total: | 27,77,919 |
Key Issue Parameters
The table below summarises the key parameters of the preferential issue:
| Parameter: | Details |
|---|---|
| Equity Shares Allotted: | 13,00,000 |
| Convertible Warrants Allotted: | 27,77,919 |
| Issue Price: | Rs. 181.71/- per security |
| Face Value: | Rs. 10/- each |
| Equity Share Premium: | Rs. 171.71/- per share |
| Equity Allotment Amount: | Rs. 23,62,23,000/- |
| Warrant Subscription Received: | Rs. 12,61,93,916/- |
| Total Warrant Issue Amount: | Rs. 50,47,75,661.49/- |
| Allotment Committee Meeting: | May 06, 2026 |
| In-Principle Approval Date: | April 30, 2026 |
Regulatory Compliance
The preferential issue has been carried out in compliance with Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, the Companies Act, 2013, and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company is required to apply for listing of the allotted equity shares within twenty days from the allotment date. Additionally, Lokesh Machines Limited must obtain a Utilisation Certificate from its Statutory Auditor on a quarterly basis and disclose the same under Regulation 30 of the LODR Regulations. Upon completion of installation of each machinery manufactured by the company, a Chartered Engineer's Certificate must also be obtained and disclosed under Regulation 30. The exchanges have reserved the right to withdraw the in-principle approval if any information submitted is found to be incomplete, incorrect, misleading, or false.
Historical Stock Returns for Lokesh Machines
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.10% | +2.75% | -6.52% | +63.67% | +40.11% | +443.27% |
How does Lokesh Machines plan to deploy the capital raised through this preferential issue, and which business segments or expansion projects are likely to benefit most?
Given that promoters received a significant portion of convertible warrants, what does the increased promoter stake signal about management's confidence in the company's near-term growth trajectory?
How might the potential dilution of up to 27,77,919 additional equity shares upon warrant conversion impact Lokesh Machines' earnings per share and stock valuation over the next 18 months?


































