Outcome of board meeting of La Tim Metal & Industries
Held on 18 July 2018
The Board of La Tim Metal & Industries at its meeting held on 18 July 2018 has approved the following -Increase authorised share capital of the company from Rs 7 crore to Rs 10 crore and alter the Memorandum of Association of the company.
Approved acquisition of 960 gunthas of land at Nigudset Industrial Park Project, 332.34 Gunthas of Land at Hedvali Industrial Park Project and 251 Gunthas of Land at Ashre Industrial Park Project.
Approved allotment of 23,88,055 equity shares and 2,49,000 compulsory convertible preference shares to Promoters/ Promoter Group on Preferential Allotment basis pursuant to Section 62 of the Companies Act, 2013 and SEBI (Issue of Capital and Disclosure Requirement) Regulation, 2009 for consideration other than cash (i.e. swaping of Equity Shares and CCPs against acquisition of land).
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First Published: Jul 18 2018 | 5:53 PM IST