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Board approves Sub-division of Equity Shares

| Updated on November 14, 2016 Published on November 14, 2016

LT Foods Ltd has informed BSE that the Board of Directors of the Company, in its meeting held on November 14, 2016, inter alia, has considered, approved and took note of the following:

1. To nominate Mr. Ashwani Kumar Arora as Chief Financial Officer of the Company.

2. Setting up of Rice plant under Genoa Rice Mills Private Limited at India Food Park, Tumkur Karnataka. Genoa Rice Mills Private Limited is a joint venture Company of LT Foods Limited and Future Group wherein the Company has 50% stake. The Company will make investment in this JV only to the extent of working capital.

3. Sub-division of one equity share of Rs. 10/- each to ten equity shares of Rs. 1/- each subject to shareholders’ approval in the ensuing Postal Ballot process.

Pdf Link: >Board approves Sub-division of Equity Shares

Source : BSE - >www.bseindia.com

Published on November 14, 2016
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