Lokesh Machines Limited has received in-principle approval from BSE and NSE for preferential issue of 13,00,000 equity shares and 27,77,919 convertible warrants at Rs. 181.71 per share. The approvals were granted on April 30, 2026, under SEBI LODR Regulations, with securities to be issued to promoters and non-promoters. The company must comply with comprehensive regulatory requirements including internal controls monitoring, quarterly utilisation certificates, and listing application within twenty days of allotment.

Lokesh Machines Limited Receives In-Principle Approval for Preferential Issue of Equity Shares and Convertible Warrants

Lokesh machines Limited has secured in-principle approval from both BSE Limited and National Stock Exchange of India Limited for its preferential issue of equity shares and convertible warrants. The approvals were granted on April 30, 2026, enabling the company to proceed with its capital raising initiative.

Approval Details and Securities Structure

The stock exchanges have granted approval for the issuance of securities under Regulation 28(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The approved securities structure includes both equity shares and convertible warrants to be issued to promoters and non-promoters.

Security Type: Quantity Face Value Issue Price Equity Shares: 13,00,000 Rs. 10/- each Rs. 181.71/- Convertible Warrants: 27,77,919 Rs. 10/- each Rs. 181.71/- Total Securities: 40,77,919 - -

The convertible warrants will be convertible into 27,77,919 equity shares of Rs. 10/- each upon exercise. BSE provided approval through letter reference No. LOD/PREF/KS/FIP/157/2026-27, while NSE granted approval via letter reference No. NSE/LIST/53991, both dated April 30, 2026.

Regulatory Compliance and Conditions

Both exchanges have specified comprehensive compliance requirements that the company must fulfill. The approvals are subject to strict adherence to provisions of multiple regulatory frameworks including the Companies Act, 2013, Securities Contracts (Regulation) Act, 1956, and SEBI regulations.

Key compliance requirements include:

Obtaining statutory and other necessary approvals

Compliance with Chapter V of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018

Adherence to SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Filing listing application within twenty days from allotment date

Strengthening internal controls to monitor allottee trading activities

Internal Controls and Monitoring Framework

The exchanges have emphasized the need for robust internal controls to prevent non-compliance issues. The company must obtain undertakings from allottees confirming they will not engage in intra-day trading or sell company shares until the allotment date. The responsibility for verification and compliance monitoring rests solely with the issuer company.

Compliance Requirement: Details Allottee Undertaking: No intra-day trading until allotment Verification Responsibility: Solely on issuer company Quarterly Reporting: Utilisation Certificate from Statutory Auditor Project Completion: Chartered Engineer's Certificate required

Post-Approval Obligations

Lokesh Machines Limited must fulfill several post-approval obligations as outlined in the exchange letters. The company is required to obtain a Utilisation Certificate from its Statutory Auditor on a quarterly basis, which must be disclosed under Regulation 30 of LODR Regulations. Additionally, upon completion of installation of each machinery manufactured by the company, a Chartered Engineer's Certificate must be obtained and disclosed.

The exchanges have reserved the right to withdraw the in-principle approval if any information submitted is found to be incomplete, incorrect, misleading, or false. The approval should not be construed as automatic listing approval, and the company must separately comply with listing requirements and pay applicable fees for the listing process.

Lokesh machines Limited has submitted its quarterly compliance certificate under SEBI Regulation 74(5) for the quarter ended March 31, 2026. The filing demonstrates the company's continued adherence to regulatory requirements governing depository operations and securities transactions.

Regulatory Compliance Filing

The compliance certificate was filed with both major Indian stock exchanges where the company's shares are traded. Company Secretary and Compliance Officer P. Kodanda Rami Reddy submitted the documentation to BSE Limited and National Stock Exchange of India Limited on April 09, 2026.

Exchange Details: Information BSE Scrip Code: 532740 NSE Company Code: LOKESHMACH Filing Date: April 09, 2026 Quarter Covered: March 31, 2026

Certificate Validation

KFin Technologies Limited, serving as the company's Registrar and Share Transfer Agent, issued the compliance certificates to both Central Depository Services (India) Limited and National Securities Depository Limited. Deputy Vice President Ganesh Chandra Patro signed the certificates on behalf of KFin Technologies Limited, dated April 01, 2026.

The certificates confirm that all details of securities dematerialized and rematerialized during the quarter ended March 31, 2026 have been properly furnished to stock exchanges as required under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018.

Depository Operations Compliance

The filing covers both major depositories in India, ensuring comprehensive compliance across the securities ecosystem. The certificates were addressed to:

Central Depository Services (India) Limited at their registered office in Mumbai

National Securities Depository Limited at their Trade World office in Lower Parel, Mumbai

This quarterly compliance requirement ensures transparency in the dematerialization and rematerialization process of securities, maintaining investor confidence and regulatory oversight in the depository system.