Lexus Granito (India) Limited — Capital/Financing Update 2025

Nov 18, 2025

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Date: 18[th] November, 2025

To,

National Stock Exchange of India Limited Exchange Plaza, C-1, Block G, Bandra Kurla Complex, Bandra (E) Mumbai – 400 051.

Dear Sir/ Madam,

Sub: Outcome of Board Meeting held today, i.e., Tuesday, 18[th] November, 2025 SYMBOL: LEXUS; ISIN: INE500X01013, SERIES: BE

With reference to the Board Meeting held on 3[rd] April, 2025 and Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that the Board of Directors of the Company, at its meeting held today, i.e., Tuesday, 18[th] November, 2025, at the registered office of the Company situated at Survey No. 800, Opp. Lakhdhirpur Village Lakhdhirpur Road, N. H. 8A, Tal. Morbi, Rajkot, Lakhdhirpur, Gujarat, India – 363 642, which commenced at 02:00 P.M. and concluded at 02:30 P.M., has considered and approved the allotment of 3,00,000 (Three Lakhs) fully Paid-up Equity Shares pursuant to conversion of 3,00,000 convertible warrants (Out of a total 95,04,424 Convertible Warrants) having a face value of Rs. 10.00/- each, at an issue price of Rs. 45.20/- each (including premium of Rs. 35.20/- each), on receipt of the balance amount, i.e., 75.00% of the issue price per warrant, from Mr. Virendra Dugar, the allottee(s) belonging to the “NonPromoter Category”, upon exercise of option to convert the Warrants into Equity Shares in accordance with the provisions of SEBI (ICDR) Regulations, 2018. Details of allotment as mentioned in Annexure - I.

The allotment has been made for cash, upon receipt of the remaining exercise price of Rs. 33.90/- each (being an amount equivalent to 75.00% of the warrant exercise price of Rs. 45.20/- each), aggregating to Rs. 1,01,70,000/- (Rupees One Crore One Lakh Seventy Thousand Only).

The Equity Shares allotted upon the exercise of warrants on a preferential basis shall rank paripassu with the existing equity shares of the Company in all respects.

Consequent to the aforesaid conversion, the paid-up equity share capital of the Company has increased from Rs. 20,19,07,240/- consisting of 2,01,90,724 equity shares having face value of Rs. 10.00/- each to Rs. 20,49,07,240/- consisting of 2,04,90,724 Equity Shares having face value of Rs. 10.00/- each.

The application for listing and trading approval of the newly issued and allotted equity shares will be made to the Stock Exchange in due course.

Further, kindly note that 92,04,424 Convertible Warrants are outstanding for conversion within 18 months from the date of allotment (i.e., 3[rd] April, 2025 and 4[th] April, 2025).

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Further, the requisite information regarding the issuance of securities under Regulation 30 of SEBI (LODR) Regulations, 2015 read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD1/P/CIR/2023/123 dated July 13, 2023 as mentioned in Annexure – II.

Kindly take the same on your record and oblige us.

Thanking You.

For, Lexus Granito (India) Limited

DETROJA ANIL BABULAL Digitally signed by DETROJA ANIL BABULAL DN: c=IN, postalCode=363641, st=GUJARAT, street=PAVAN,BLOCK NO-19 ,CHITRAKUT SOCIETY-4 ,RAJKOT,SANALA ROAD ,363641, l=RAJKOT, o=Personal, serialNumber=277b72278ad8e8f4cd549635f4533c7f209184fb8e4a0dfc9a3fdcada71bcd3a, pseudonym=860c4834fa9b4fc5a2990203c33adb9a, 2.5.4.20=de7b2121edc1bab04a02102c2869c7226d10109341a357c46c9af5ef6ca996f5, email=ANIL@LEXUSTILE.COM, cn=DETROJA ANIL BABULAL Date: 2025.11.18 14:44:58 +05'30'

Anilkumar Babulal Detroja Managing Director DIN: 03078203

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Annexure – I

(Details of Allotment of Equity Shares pursuant to conversion of Convertible Warrants into Equity Shares)

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Sr. Name of Category No. of Shares Balance 25% of 75% of
No the (Promot Convertibl allotted Outstandi Total Total
. Allottee( er / non- e upon ng Considerati Considerati
s) promote Warrants conversio Warrants on on received
r) held n of for received in (Amt. in Rs.)
warrants conversion 1st Tranche
(Amt. in Rs.)
1. Virendra Non- 3,00,000 3,00,000 - 33,90,000 1,01,70,000
Dugar Promoter
Total 33,90,000 1,01,70,000
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Annexure – II

Information required regarding the issuance of securities under Regulation 30 of SEBI (LODR) Regulations, 2015 read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD1/P/CIR/2023/123 dated July 13, 2023

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Sr. Particulars Details
No.
1. Type of securities proposed to be Allotment of fully paid-up Equity shares pursuant to
issued (viz. equity shares, conversion of warrants.
convertibles etc.)
2. Type of issuance (further public Preferential allotment (on conversion of warrants into equity
offering, rights issue, depository shares) in accordance with SEBI (ICDR) Regulations, 2018, to
receipts (ADR/ GDR), qualified the allottees belonging to the non-promoter category.
institutions placement,
preferential allotment etc.)
3. Total number of securities Allotment of 3,00,000 equity shares pursuant to the conversion
proposed to be issued or the total of 3,00,000 warrants (out of 95,04,424 convertible warrants)
amount for which the securities having a face value of Rs. 10.00/- each at an issue price of Rs.
will be issued (approximately) 45.20/- each (including a premium of Rs. 35.20/-), on receipt of
the balance 75.00% of the issue price per warrant from the
allottees upon exercise of the option to convert, in accordance
with SEBI (ICDR) Regulations, 2018.
4. Name of Investors Mr. Virendra Dugar
5. Post allotment of securities -
outcome of the subscription, Name of Pre-Issue No. of Post-Issue
issue price/ allotted price (in Allottee(s) Equity shares Equity Shares
case of convertibles), number of Shares allotted after exercise
investors upon of warrants
No. of % conversion No. of %
shares of shares
warrants
Virendra 485 0.00 3,00,000 3,00,485 1.47
Dugar
Convertible Warrants had been allotted on 3 [rd] April, 2025
carrying a right to subscribe 1 Equity Share per warrant on
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		receipt of 25.00% of the issue price per warrant (i.e. Rs. 45.20/- each). Now, 3,00,000 Equity Shares have been allotted on receipt of balance amount i.e. 75.00% of the issue price per warrant (i.e. Rs. 45.20/- each).
6.	In case of convertibles - intimation on conversion of securities or on lapse of the tenure oftheinstrument;	Exercise of 3,00,000 convertible warrants (Out of 95,04,424 convertible warrants) into 3,00,000 Fully Paid-up Equity Shares of Rs. 10.00/- each.

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