Moneycontrol
Dec 06, 2017 01:17 PM IST | Source: Moneycontrol.com

Lakshmi Automatic Loom Works - Outcome of board meeting

The Board of Directors of the Company at their meeting held on 6th December 2017, has accorded their approval to conduct the Postal Ballot to seek the approval of the Members of the Company by Special Resolution for buyback of unlisted fully paid-up 2,00,000 - 6% Cumulative Redeemable Preference Shares.

 
 
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The Board of Directors of the Company at their meeting
held on 6th ~ecember2 017, has accorded their approval to conduct the Postal
Ballot to seek the approval of the Members of the Company by Special
Resolution for buyback of unlisted fully paid-up 2,00,000 - 6% Cumulative
Redeemable Preference Shares of Rs.lOO/- each out of 6,00,000 - unlisted
fully paid-up 6% Cumulative Redeemable Preference Shares of the Company
at face value aggregating to Rs.2,00,00,000/- (Rupees Two crores only)
constituting 19.66% of the aggregate paid-up capital and free reserves.Source : BSE
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