Lorenzini Apparels Ltd Share Price – NSE  /  BSE

Textiles, Small Cap

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.

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Net profit of Lorenzini Apparels declined 40.74% to Rs 0.32 crore in the quarter ended March 2024 as against Rs 0.54 crore during the previous quarter ended March 2023. Sales declined 3.58% to Rs 9.97 crore in the quarter ended March 2024 as against Rs 10.34 crore during the previous quarter ended March 2023.

For the full year,net profit rose 110.32% to Rs 5.30 crore in the year ended March 2024 as against Rs 2.52 crore during the previous year ended March 2023. Sales rose 25.14% to Rs 54.76 crore in the year ended March 2024 as against Rs 43.76 crore during the previous year ended March 2023.

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Lorenzini Apparels will hold a meeting of the Board of Directors of the Company on 23 May 2024

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Lorenzini Apparels has fixed 28 March 2024 as record date for stock split of 1-into-10 and bonus issue of 6:11.

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