Corporate Feature     

Published: May 31, 2024
Updated: May 31, 2024

Lorenzi Apparels Ltd

Board approves allotment of shares against conversion of warrants

The board of directors of Lorenzi Apparels Ltd. (BSE: 540952, NSE: LAL), a prominent player in the realm of manufacturing, designing, and marketing readymade garments, 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 October 5, 2023 on preferential basis, upon receipt of an amount aggregating to Rs. 3,74,99,846.4 (being 75% of the issue price per warrant) from Kiwi Dealcom Private Limited.

Lorenzi Apparels Ltd. is a prominent player in the realm of manufacturing, designing, and marketing readymade garments, catering to the diverse fashion needs of both men and women. With a comprehensive array of formal, semiformal, and casual wear, it prides itself on delivering quality attire that resonates with contemporary trends and timeless styles. Operating through retail outlets and e-commerce platforms, the company ensures accessibility and convenience for its clientele.

At the heart of its operations lies a meticulous garment manufacturing process encompassing cutting, stitching, sewing, finishing, inspection, and packing. While maintaining stringent quality standards, Lorenzi Apparels Ltd. also engages in strategic partnerships with third-party contractors for garment production on a job work basis. These collaborations involve the dissemination of detailed technical specifications, including designs, patterns, quality standards, and fabric preferences. By leveraging the expertise of external manufacturers and providing precise guidelines, the company ensures the realization of its vision for exceptional apparel, while fostering a network of trusted collaborators.

Lorenzi Apparels Ltd. is not only committed to delivering superior quality garments but also places a strong emphasis on sustainability and ethical manufacturing practices. The company actively seeks to minimize its environmental footprint by implementing eco-friendly production processes and sourcing materials responsibly. Moreover, it upholds fair labor standards throughout its supply chain, fostering safe working conditions and equitable treatment for all involved parties.

Driven by a passion for innovation and customer satisfaction, Lorenzi Apparels Ltd. continually strives to stay ahead of industry trends and consumer preferences. Its dedicated team of designers and stylists is dedicated to crafting collections that reflect the latest fashion sensibilities while maintaining the brand’s signature aesthetic. Through a blend of creativity, craftsmanship, and attention to detail, the company endeavors to exceed the expectations of its discerning clientele, establishing itself as a trusted name in the world of fashion.