Lords Chemicals Ltd: Outcome of Board Meeting

Lords Chemicals Ltd has informed BSE that the Board of Directors of the Company at its meeting held on March 08, 2011 have allotted 15,60,000 equity Shares on preferential allotment basis to strategic Investors not forming part of the promoter group of Company, at a price of Rs. 60/- (Rupees Sixty Only ) per equity share, including a premium of Rs. 50/- (Rupees Fifty Only) per equity share, aggregating to Rs. 9,36,00,000/- (Rupees Nine Crore Thirty Six Lakhs only) in compliance with Chapter VII of SEBI (ICDR) Regulation, 2009.