Lords Chemicals Ltd has informed BSE that the Board of Directors of the Company at its meeting held on January 11, 2011, have approve the following:
1. Issue of 16,00,000 (Sixteen Lacs Only) Equity Shares of face value of Rs. 10/- (Rupees Ten Only) each at a price of Rs. 60/- (Rupees Sixty Only) per equity share, including a premium of Rs. 50/- (Rupees Fifty Only) per equity share, on preferential basis to a group of Strategic Investors, not forming part of the Promoter Group of the Company, in compliance with Chapter VII of Securities & Exchange Board of India (Issue of Capital & Disclosure Requirements) Regulations, 2009.
2. Increase in Authorised Share Capital from Rs. 5,00,00,000.00/- (Rupees Five Crore Only) at present to Rs.
6,00,00,000.00/- (Rupees Six Crore Only).
3. The Notice to convene the Extra Ordinary General Meeting to be held on February 07, 2011 of the Shareholders of the Company to consider and approve the aforesaid matters in pursuant to section 81(1A) and other relevant provisions of the Companies Act, 1956 & other rules & regulations.
Sensex
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Tuesday, January 11, 2011
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