Le Lavoir has made a significant commitment regarding its proposed convertible warrants issue through preferential basis. The company has provided an undertaking to appoint a monitoring agency if the issue size surpasses Rs. 90.00 crores, demonstrating its dedication to transparency and regulatory compliance.

Key Points of the Undertaking

• Current Issue Size: The proposed preferential issue is currently below Rs. 100.00 crores, which doesn't mandate the appointment of a monitoring agency as per SEBI regulations.
• Voluntary Commitment: Le Lavoir has voluntarily committed to appointing a monitoring agency if the issue size exceeds Rs. 90.00 crores.
• Regulatory Context: According to Regulation 82 of the SEBI (ICDR) Regulations, 2018, a monitoring agency is mandatory only for issues exceeding Rs. 100.00 crores.

Company's Statement

Sachin Kapse, Managing Director of Le Lavoir, signed the undertaking, which states:

"We hereby undertake to appoint Monitoring Agency, if the issue size is more than Rs. 90.00 Crores."

This commitment goes beyond the current regulatory requirements, potentially offering additional assurance to investors participating in the convertible warrants issue.

Implications for Investors

The company's proactive approach in committing to appoint a monitoring agency at a lower threshold than required by regulations could be seen as a positive signal to the market. It suggests a commitment to transparency and proper utilization of funds, which may be particularly relevant for investors considering participation in the preferential issue.

About the Convertible Warrants Issue

While specific details about the convertible warrants issue are limited in the provided information, it's clear that Le Lavoir is proceeding with a preferential allotment. Convertible warrants give holders the right to convert them into equity shares of the company at a predetermined price within a specified time frame.

Investors and market watchers will likely keep a close eye on the final issue size and any subsequent announcements regarding the appointment of a monitoring agency, should the issue exceed the Rs. 90.00 crore threshold set by the company.

The undertaking was submitted to BSE Limited, where Le Lavoir's shares are listed. As the preferential issue progresses, more details may emerge about the terms, pricing, and potential impact on the company's capital structure.

Le Lavoir Limited , a company specializing in laundry and allied services, has announced several significant changes following its board meeting held on July 29, 2025. The company has made key decisions regarding its leadership, auditing, and business operations.

New Statutory Auditor Appointment

The board has recommended the appointment of M/s. Sunit M Chhatbar & Co., Chartered Accountants (FRN: 141068W), as the new statutory auditors of the company. This appointment, subject to shareholder approval, is for a term of five years from FY 2025-26 to FY 2029-30. The change comes after the resignation of the previous auditors, M/s. K M Chauhan and Associates, due to their pre-occupation with other assignments.

Re-appointment of Managing Director

Mr. Sachin Vishnu Kapse (DIN: 08443704) has been re-appointed as the Managing Director of Le Lavoir Limited for another five-year term, effective from November 8, 2025, subject to shareholder approval. Mr. Kapse, with over 25 years of experience in laundry operations equipment and chemicals, is recognized for his leadership and strategic planning skills.

Relocation of Registered Office

The company has decided to shift its registered office from Jamnagar to Rajkot within the state of Gujarat. The new address will be 1st Floor Shop No. 105, Four Square Plaza UNI. RD., Rajkot Sau Uni Area, Rajkot, Gujarat, India, 360 005. This move is expected to enhance operational efficiency and convenience.

Expansion of Business Activities

In a strategic move to diversify its operations, Le Lavoir Limited has approved an alteration to its Memorandum of Association. The company will now expand its business activities to include:

1. Manufacturing, assembling, and dealing in machinery, mechanical equipment, and industrial tools, including those used in agriculture, food processing, and laundry operations.
2. Manufacturing, processing, and dealing in food products such as wheat flour, edible oils, snack items, and other packaged or ready-to-eat food products.

This expansion marks a significant diversification from the company's core laundry services business.

Annual General Meeting

The 44th Annual General Meeting (AGM) of Le Lavoir Limited is scheduled for August 20, 2025, at 3:00 PM IST. In line with current corporate practices, the AGM will be held through Video Conferencing (VC) or Other Audio-Visual Means (OAVM).

These developments indicate Le Lavoir Limited's efforts to strengthen its governance, expand its business horizons, and adapt to changing market dynamics. Shareholders and investors will be keenly watching how these changes impact the company's future growth and performance.

Note: All appointments and changes are subject to necessary regulatory and shareholder approvals.