The board meeting of Shri Lakshmi Cotsyn will be held on 06 July 2012 to consider increase in authorised share capital of the company from Rs 50 crore to Rs 75 crore.
The board will consider the matter of raising equity by way of preferential issue of share warrants to non-promoter at Rs 150 or SEBI floor price, whichever is higher to meet out the cost of expansion project.
The board will also consider the matter of conversion of foreign currency convertible bond (FCCB) worth USD 1 million into equity shares.