Lokesh Machines Limited
Incorporated in 1983, Lokesh Machines manufactures Special Purpose Machines, General Purpose Machines /CNC Lathes, Connecting Rods and machining of Cylinder Blocks and Heads
What Lokesh files
- Others50
- Important37
- Board Meeting14
- New Orders7
- Credit Ratings5
- PPTs1
Lokesh Machines reported on the utilization of issue proceeds for the quarter. Statutory auditors confirmed funds raised were deployed as intended, ensuring transparency for investors.
Lokesh Machines received listing approval for 5 lakh (0.5 Cr) new equity shares from BSE and NSE. These preferential issue shares, priced at Rs. 10 each, will expand the company's listed capital to Rs. 21.79 crore.
The company's Share Allotment Committee has approved the allotment of 5 lakh new equity shares of Rs. 10 each. This follows the conversion of warrants by an investor, Mr. Ashok Atluri, who paid the balance exercise price of Rs. 6.81 Cr. This conversion is part of the previously issued warrants...
Lokesh Machines Limited has been removed from the US Treasury's OFAC Specially Designated Nationals and Blocked Persons (SDN) List. This significant development, confirmed by the Ministry of External Affairs, India, should positively impact the company's international business operations and reputation.
Lokesh Machines has been removed from a U.S. sanctions list, enabling transactions with U.S. persons and access to the U.S. financial system. This development simplifies U.S. dollar transactions and normalizes international business and domestic MNC dealings, positively impacting operations.