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.Powered by Capital Market - Live News

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. ParticularsQuarter EndedYear Ended�Mar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var. Sales9.9710.34 -4 54.7643.76 25 OPM %20.0617.70 -18.2617.69 - PBDT1.111.57 -29 10.466.66 57 PBT0.270.76 -64 7.253.77 92 NP0.320.54 -41 5.302.52 110 Powered by Capital Market - Live News

Lorenzini Apparels will hold a meeting of the Board of Directors of the Company on 23 May 2024Powered by Capital Market - Live News

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

Net profit of Lorenzini Apparels rose 1294.12% to Rs 2.37 crore in the quarter ended December 2023 as against Rs 0.17 crore during the previous quarter ended December 2022. Sales rose 4.28% to Rs 12.68 crore in the quarter ended December 2023 as against Rs 12.16 crore during the previous quarter ended December 2022. ParticularsQuarter Ended�Dec. 2023Dec. 2022% Var. Sales12.6812.16 4 OPM %17.7411.18 - PBDT3.591.04 245 PBT2.800.28 900 NP2.370.17 1294 Powered by Capital Market - Live News