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Outcome of EGM of Lyka Labs

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Capital Market
Last Updated : May 29 2014 | 10:39 PM IST

Held on 28 April 2014

Lyka Labs announced that the Extra Ordinary General Meeting (EGM) of the Company was held on 28 April 2014, wherein members accorded to the Board of Directors of the Company to make further investments in 35 lakh equity shares of Lyka Exports of Rs 10 each at a premium of Rs 25 per share aggregating to Rs 12.25 crore which together with existing loans given, investment made, guarantee and securities provided are in excess of the 60% of the aggregate of the paid up share capital and free reserves or 100% of the aggregate of free reserves of the Company whichever is higher.

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First Published: May 29 2014 | 12:30 PM IST

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