Held on 04 January 2017
La Tim Metal & Industries announced that the Board of Directors of the Company at its meeting held on 04 January 2017 has transacted the following subject to approval of members in the EGM.Approved increase in authorised share capital of the Company from Rs 5 crore to Rs 7 crore and alter the Memorandum of Association of the Company.
Decided to issue and allot 40 lakh convertible warrants of Rs 10 each on preferential allotment of basis.
Decided to acquire equity shares of La Tim Sourcing (India) to make 100% subsidiary.
Approved draft notice for convening EGM on 10 February 2017.
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