Introduction:
Leading textile brand has scheduled a board meeting on December 25, 2024, to discuss key decisions, including a proposed 1:1 bonus share issue, an increase in authorized share capital, and the appointment of an Independent Director.
Share price movement of Lorenzini Apparels:
On December 23, 2024, Lorenzini Apparels Ltd opened at ₹21.40, down 2.76% from its previous close of ₹20.98. The stock reached a high of ₹21.79 (3.86%) and a low of ₹20.01. By 12:19 PM, it traded at ₹20.21, a 3.67% decrease, with a market cap of ₹349.10 crore.
Lorenzini Apparels plans bonus issue:
Lorenzini Apparels Limited has scheduled a board meeting on December 25, 2024, to consider several key resolutions. These include the recommendation of a 1:1 bonus share issue and an increase in the company’s authorized share capital.
The board will also discuss altering the memorandum of association to reflect the proposed capital increase, pending shareholder approval. Additionally, the appointment of Mrs. Sapna Khanna as an Independent Director will be considered, subject to approval.
Ace investor holding in Lorenzini Apparels:
Anshul Singh
Anshul Singh holds a 4.78% stake in Lorenzini Apparels Ltd, with 8,264,934 shares valued at ₹17.3 crore. This significant holding underscores his investment in the textile brand, reflecting confidence in its future growth.
Mohinder Rustagi
Mohinder Rustagi holds a 1.53% stake in Lorenzini Apparels Ltd, with 2,646,951 shares valued at ₹5.3 crore. His investment highlights a notable interest in the textile brand, showcasing confidence in its market potential.
Stock performance of Lorenzini Apparels for Period of 1 week, 6 months and 1 year:
Lorenzini Apparels Ltd has experienced a decline of 12.1% over the past week and 6.64% over six months. However, the company shows strong growth over the past year with a 32.8% increase in its performance.
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Shareholding pattern of Lorenzini Apparels:
| All values in % | Sep 2024 | Jun 2024 | Mar 2024 |
| Promoter | 57.10% | 61.90% | 62.90% |
| FII | 0.00% | 0.00% | 0.00% |
| DII | 0.00% | 0.00% | 0.00% |
| Public | 43% | 38.10% | 37.10% |
About Lorenzini Apparels:
Lorenzini Apparels Ltd (NSE: LAL) is a public limited company engaged in manufacturing, designing, and marketing men’s and women’s ready-made garments. Known for brands like “Monteil & Munero” and “Monteil Calgari,” it operates retail and e-commerce channels.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
