Lambodhara Textile Ltd approves preferential issue

The Board of Directors of Lambodhara Textile Ltd at its meeting held on March 12, 2014, has given its consent to the issue of Equity Shares on preferential basis to promoters upto an amount of Rs. 2,38,50,000/- in accordance with Section 81(1A) and all other applicable provisions, if any, of the Companies Act, 1956, Companies Act, 2013 (to the extent notified) and the provisions contained in the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009 including any statutory modifications and amendments from time to time for the time being in force.

The Members approval shall be sought for the same by way of voting through postal ballot.

Shares of LAMBODHARA TEXTILES LTD. was last trading in BSE at Rs.129 as compared to the previous close of Rs. 108.5. The total number of shares traded during the day was 3164 in over 179 trades.

The stock hit an intraday high of Rs. 129 and intraday low of 107.1. The net turnover during the day was Rs. 343340.

Source : Equity Bulls

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