The Board of Lorenzini Apparels at its meeting held on 30 May 2024 has approved the conversion of 2,47,230 warrants into 2,47,23,00 equity shares of face value of Rs. 1/- each, out of the 10,38,37,10 warrants allotted on 05 October 2023 on preferential basis.
Consequent to sub-division/split in face value of equity shares from Rs. 10/- each to Re 1/-, resulting into 10 equity shares of Re 1/- each for existing 1 equity share of Rs. 10/- each, conversion ratio for outstanding warrant stand changed to 1 warrant is convertible, into 10 (Ten) equity shares of Re 1.