📈 Live Market Tracking
AI-Powered NSE Corporate Announcements Analysis
Lexus Granito Allots 3 Lakh Equity Shares on Warrant Conversion at Rs 45.20 Per Share
Lexus Granito (India) Limited has approved the allotment of 3,00,000 equity shares following the conversion of warrants by a non-promoter investor, Mr. Mal Chand Dugar. The shares were issued at a price of Rs 45.20 each, bringing in a capital infusion of approximately Rs 1.02 crore representing the 75% balance payment. This conversion has increased the company's total paid-up equity capital from Rs 20.49 crore to Rs 20.79 crore. This is part of a larger warrant issuance, with over 89 lakh warrants still outstanding for potential future conversion.
Key Highlights
Allotment of 3,00,000 equity shares at an issue price of Rs 45.20 per share
Receipt of Rs 1,01,70,000 as the final 75% balance payment for warrant conversion
Total paid-up equity shares increased to 2,07,90,724 from 2,04,90,724
Investor Mal Chand Dugar's stake increased from 0.10% to 1.54% post-allotment
Approximately 89.04 lakh warrants remain outstanding from the original pool of 95.04 lakh
💼 Action for Investors
Investors should monitor the gradual equity dilution as more warrants from the 95 lakh pool get converted, while also tracking how the company utilizes the newly raised capital.
Lexus Granito Receives Rs. 45 Lakhs Second Tranche for Convertible Warrants
Lexus Granito (India) Limited has approved the receipt of Rs. 45 lakhs as the second tranche of consideration for convertible warrants from Mr. Mal Chand Dugar. These warrants are part of a larger preferential issue priced at Rs. 45.20 per unit, which includes a premium of Rs. 35.20. The company previously secured Rs. 10.40 crore in the first tranche (25% payment) for over 92 lakh warrants. This ongoing fundraise involves both promoter and non-promoter groups, indicating continued capital infusion into the company.
Key Highlights
Receipt of Rs. 45,00,000 from Mr. Mal Chand Dugar for the 2nd tranche of warrants.
Warrants issued at a price of Rs. 45.20 each, including a premium of Rs. 35.20.
Total first tranche consideration received across all allottees stands at Rs. 10.40 crore.
Out of 95,04,424 total warrants, 3,00,000 were already converted into equity shares in November 2025.
💼 Action for Investors
Investors should monitor the timeline for the remaining warrant conversions as they will lead to equity dilution. The participation of promoters in this fundraise is a positive sign of their long-term commitment to the company.
Lexus Granito Reports Zero Deviation in Utilization of Rs 11.25 Crore Raised Funds
Lexus Granito (India) Limited has filed its statement of deviation for the quarter ended December 31, 2025, confirming that funds raised through the preferential issue of warrants are being utilized as per the stated objects. The company has received a total consideration of Rs 11.25 crore as of the quarter-end. Key utilization areas include the repayment of unsecured loans and meeting working capital requirements, with no reported deviations in the actual spending versus the planned allocation.
Key Highlights
Received Rs 1.02 crore during the quarter from the conversion of 3,00,000 warrants at an issue price of Rs 45.20 each.
Total funds received from the warrant issue as of December 31, 2025, reached Rs 11.25 crore.
Utilized Rs 20.74 crore for the repayment of unsecured loans against a modified allocation of Rs 29.76 crore.
Deployed Rs 3.10 crore toward working capital requirements out of a total planned allocation of Rs 10 crore.
The Independent Auditor's report for the quarter ended December 2025 contains no material misstatements.
💼 Action for Investors
Investors should track the company's progress in fully utilizing the allocated working capital to drive revenue growth. The reduction in unsecured loans is a positive step toward improving the balance sheet and reducing interest burdens.
Lexus Granito Q3 FY26 Results: ₹1.02 Cr Raised via Warrant Conversion; Debt Repayment Ongoing
Lexus Granito (India) Limited has released its financial results for the quarter ended December 31, 2025, alongside a fund utilization report. The company successfully converted 3,00,000 warrants into equity at ₹45.20 per share, aggregating to ₹1.017 crore. Out of the total funds raised, significant portions have been deployed for debt reduction, with ₹29.76 crore utilized for unsecured loan repayment. The auditor's report is clean with an unmodified opinion, and the company maintains a no-default status on its loans.
Key Highlights
Raised ₹1.017 crore through the conversion of 3,00,000 warrants at ₹45.20 each on November 18, 2025.
Total funds received from preferential issues reached ₹11.25 crore by the end of Q3 FY26.
Utilized ₹29.76 crore for the repayment of unsecured loans to strengthen the balance sheet.
Allocated ₹3.1 crore towards meeting working capital requirements out of a ₹10 crore planned allocation.
Independent auditors Keyur Shah & Associates issued an unmodified limited review report.
💼 Action for Investors
The company is actively reducing its debt profile using proceeds from preferential issues, which is a positive sign for long-term solvency. Investors should monitor the company's operational margins in the full financial statement to see if debt reduction translates to higher net profit.
Lexus Granito Q3 FY26 Results Approved; Reports ₹11.25 Crore Fund Utilization
Lexus Granito (India) Limited has approved its unaudited financial results for the quarter and nine months ended December 31, 2025. The company reported receiving a total of ₹11.25 crore through preferential issues as of the end of the quarter. A significant portion of these funds, approximately ₹20.74 crore, has been utilized for the repayment of unsecured loans, while ₹3.10 crore has been deployed for working capital. The board also confirmed the conversion of 3,00,000 warrants into equity at a price of ₹45.20 per share.
Key Highlights
Approved unaudited financial results for the quarter and nine months ended December 31, 2025.
Received ₹1.02 crore from the conversion of 3,00,000 warrants at an issue price of ₹45.20 per warrant.
Total funds received from preferential issues reached ₹11.25 crore by December 31, 2025.
Utilized ₹20.74 crore for repayment of unsecured loans against a modified allocation of ₹29.76 crore.
Deployed ₹3.10 crore toward working capital requirements out of a ₹10.00 crore allocation.
💼 Action for Investors
Investors should review the detailed profit and loss statements once fully published to assess operational efficiency. The use of capital for debt repayment is a positive sign for long-term balance sheet health.