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Outcome of board meeting of Lakshmi Automatic Loom Works

Capital Market 

Held on 06 December 2017

The Board of Loom Works at its meeting held on 06 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 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 crore constituting 19.66% of the aggregate paid-up capital and free reserves.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, December 06 2017. 17:30 IST