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Outcome of EGM of Lambodhara Textile

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Held on 25 April 2014

Lambodhara Textile announced that the Extra-Ordinary General Meeting (EGM) of the Company was held on 25 April 2014, wherein members accorded to the Board to create, offer, issue and allot on preferential basis, at its sole and absolute discretion, such number of equity shares of the Company having a face value of Rs 10 each at a price of Rs 150 per share, for an amount aggregating to Rs 2.38 crore to certain promoters on conversion of unsecured loans taken by the Company from such promoters.

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First Published: Apr 25 2014 | 12:45 PM IST

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