At meeting held on 14 November 2016
L T Foods announced that the Board of Directors of the Company, in its meeting held on 14 November 2016, inter alia, has considered, approved and took note of the following:1. To nominate Ashwani Kumar Arora as Chief Financial Officer of the Company.
2. Setting up of Rice plant under Genoa Rice Mills at India Food Park, Tumkur Karnataka. Genoa Rice Mills is a joint venture Company of LT Foods and Future Group wherein the Company has 50% stake. The Company will make investment in this JV only to the extent of working capital.
3. Sub-division of one equity share of Rs. 10/- each to ten equity shares of Rs. 1/- each subject to shareholders' approval in the ensuing Postal Ballot process.
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