Le Lavoir Limited Receives BSE Trading Approval for Preferential Allotment of 2,28,000 Equity Shares via Warrant Conversion

Le Lavoir Limited has received trading approval from BSE Limited for the preferential allotment of 2,28,000 fully paid-up equity shares, issued pursuant to the conversion of warrants. The approval, communicated via an e-letter dated May 5, 2026, marks the culmination of a process that began with the company's in-principle application to BSE on December 5, 2024. The shares are listed and available for trading effective Wednesday, May 6, 2026.

Preferential Allotment Details

The allotment pertains to equity shares issued to non-promoters on a preferential basis following the conversion of warrants. The key parameters of the allotment are outlined below:

Parameter: Details Number of Shares: 2,28,000 equity shares Face Value: ₹10/- per share Premium: ₹254.75/- per share Allottee Category: Non-Promoters Distinctive Numbers: 3240001 to 3468000 Trading Effective Date: Wednesday, May 6, 2026 BSE Notice No.: 20260505-12 dated May 5, 2026

Regulatory Compliance

The intimation was made to BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company's Managing Director, Sachin Kapse, communicated the receipt of the trading approval to the exchange, along with the enclosure of the approval letter received from BSE. The BSE approval letter was issued under reference LOD/PREF/SV/43/2026-2027 and signed by Marian Dsouza, Assistant Vice President, and Sahana Shetty, Deputy Manager, on behalf of BSE Limited.

Exchange Notification

BSE Limited has advised trading members of the exchange regarding the listing of these securities through Notice No. 20260505-12 dated May 5, 2026, available on the BSE website. Le Lavoir Limited is registered with CIN L74110GJ1981PLC103918 and is headquartered in Rajkot, Gujarat.

Le lavoir Limited has announced a strategic partnership with Hotel Tunga Regency Private Limited, securing a comprehensive 3-year contract for laundry services. The agreement, executed on 14th April, 2026, marks a significant expansion of the company's institutional client base and represents a strategic shift toward linen rental-based solutions in the hospitality sector.

Contract Details and Service Scope

The partnership encompasses a full range of laundry solutions designed specifically for hospitality requirements:

Service Category: Coverage Contract Duration: 3 years from execution date Service Types: Wet cleaning, washing, dry-cleaning Target Areas: Room linen, staff uniforms, guest laundry Delivery Model: Structured pickup and delivery framework

Under the "Le Lavoir" brand name, the company will provide scalable, high-efficiency laundry solutions tailored to institutional requirements, ensuring consistency, quality control, and timely service execution.

Strategic Business Transformation

According to Mr. Sachin Kapse, Managing Director of Le Lavoir Limited, this initiative represents "a major advancement in Le Lavoir's approach to providing laundromat services to the hospitality sector." The partnership signifies a strategic change in the company's business model, now focusing on linen rental-based solutions for customers.

The collaboration is designed to optimize operations while maintaining the highest standards of garment care and hygiene. The company expects this move to enhance operational synergies, broaden the customer base, and support long-term growth initiatives.

Leadership Perspective on Market Expansion

Mr. Ashok Dilipkumar Jain, Director cum Chairman at Le Lavoir, emphasized the significance of this partnership, stating that the 3-year agreement "reinforces the confidence and trust that leading hospitality brands in Mumbai continue to place in our capabilities." He highlighted that this contract marks a significant milestone in strengthening the company's presence in the hospitality laundry segment.

The leadership team expressed alignment with the Government of India's 'Make in India' and 'Atmanirbhar Bharat' initiatives, committing to building a self-reliant, world-class service ecosystem that delivers superior value to clients.

Company Background and Market Position

Company Details: Information Incorporation Year: 1981 Years of Operation: Over four decades Stock Exchange: BSE Limited Primary Business: Laundry services for institutions Target Clients: Hotels and hospitality sector Service Model: Outsourced dry-cleaning and laundromat services

Le Lavoir Limited operates under the "Le Lavoir" brand name as a responsible organization, maintaining all requisite safety and hygiene standards while providing services. The company focuses on delivering reliable and efficient service solutions that support modern residential ecosystems through structured operations and customer-centric practices.

Future Growth Outlook

Backed by a strong management team and sound business acumen, the company has expressed confidence in expanding its clientele significantly over the coming years. The vision is to emerge as one of India's most trusted and preferred laundry service providers, driven by excellence, innovation, and consistency.

This partnership with Hotel Tunga Regency Private Limited represents the company's commitment to exploring broader commercial opportunities to meet evolving customer demands while expanding its footprint across institutional clients in the hospitality sector.

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