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Lakshmi Automatic Loom Works Ltd. - Announcement under Regulation 30 (LODR)-Allotment

| Updated on May 23, 2019 Published on May 23, 2019

We wish to inform that pursuant to the Special Resolution passed at the Annual General Meeting held on 19.09.2018 and the In-principle approval fited 10-10-2018 granted by the BSE Ltd, the Board of Directors at their meeting held on 23.05.2019 has allotted 2,91,757 Equity Shares of Rs.lO/- each at a premium of Rs.58.55 per share, ranking pari passu with the existing Equity Shares of the Company on receipt of the Letter from the following entity exercising their option to convert the 2,00,000-6°/~ Non Cumulative Optionally Convertible Preference Shares of Rs.lOO/- each held by them into Equity Shares on Preferential basis.
Consequent to the said allotment the issued and paid-up Equity Share Capital of the Company has gone up to Rs.66,87,502 Equity Shares of Rs.Io/- each aggregating to Rs.6,68,75,020/-.

11. Smt.Aishwarya Pathy, Director has been appointed as Non Executive Vice Chairman sf the Board of Directors of the Company at the Board of Directors Meeting held on 23.05.2019.
This may be treated as compliance under Regulation 30 and other applicable regulations of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Kindly take the above on record.

Pdf Link: Lakshmi Automatic Loom Works Ltd. - Announcement under Regulation 30 (LODR)-Allotment

Source : BSE - www.bseindia.com

Published on May 23, 2019
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