Mahalaxmi Rubtech Ltd has announced that the Board of Directors of the Company at its meeting held on August 29, 2006 has considered to increase in the Authorised Share Capital of the Company from Rs 5,00,00,000/- to Rs 15,00,00,000/- for the purpose of further expansion plan of the Company. The Resolutions necessary for the same be placed before the members of the Company at the ensuing Annual General Meeting.