Lakshmi Precision Screws' board approves increase in authorised share capital On 03 September 2011 The board of Lakshmi Precision Screws in its meeting on 03 September 2011 has considered and approved the increase in authorized share capital of the company of Rs 10 crore by creating 1,00,00,000 equity shares at the rate of Rs 10 each subject to the approval of members in ensuing annual general meeting scheduled to be held on 29 September 2011.