Le Lavoir board plans to raise Rs10 crore through rights issue; Stock down 1%

31 Mar 2022 , 09:17 AM

The Board of Directors of Le Lavoir Limited in their Board Meeting held on March 30, 2022 which commenced at 03:00 P.M. and concluded at 7:15 PM, has decided to raise funds for expansion plan and various fund raising options up to a maximum limit of Rs10 crore by way of Rights Issue.

Further in the meeting the board memebers also considered and approved increase in Authorised Share Capital from Rs.3,25,00,000/- to Rs10,80,00,000/- subject to approval of shareholders in Extra Ordinary General Meeting. 

The Board  has decided to hold Extra Ordinary General Meeting of the Members of the Company on Monday, April 25, 2022 at 3:00 P.M.

At around 9:17 AM, Le Lavoir stocks was trading at Rs44.95 per piece lower by 0.88% on the BSE.