SHLAKSHMI

Shri Lakshmi Cotsyn Limited has informed the Exchange that the Board of Directors at their meeting held on June 11, 2010 have considered and decided the following: (1) To convert FCCB into equity shares for the total principal amount of USD 5,00,000. (2) Chairman informed that due to the volatility in the capital market and continuous decrease in the share price of the Company, it is difficult to allot warrants @ Rs. 200 per warrant. Thereafter it was decided by the Board that the number of Warrants be increased to 70 Lacs to be allotted to Promoters and Non-Promoters in the ratio of 50 Lacs a

Shri Lakshmi Cotsyn Limited has submitted to the Exchange a copy of the outcome of the Board meeting held on April 30, 2010.

Shri Lakshmi Cotsyn Limited has informed the Exchange that the Board of Directors at their meeting held on the April 9, 2010 have considered and decided the following:- (1) Considered the allotment of 15,00,000 nos. of Share Warrants to promoters and 35,00,000 nos. of Share Warrants to non-promoters @ Rs. 200 per warrant on the preferential basis to meet out the expansion projects cost. (2) Conversion of 19,75,000 number of Warrants into equity shares to the non-promoters in compliance with the provisions of Chapter VII of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009.

Shri Lakshmi Cotsyn Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on March 19, 2010, has considered the following matters: (1) Approved the conversion of 13,78,500 number of warrants out of 22,21,500 total nos. of warrants, into 13,78,500 number of Equity Shares of Rs. 10/- each at a premium of Rs. 90/- per share to the promoter group in compliance with the provisions of Chapter VII of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009. (2) The allotment of 19,75,000 number of warrants of Rs. 56/- each which are convertible

Shri Lakshmi Cotsyn Limited has informed the Exchange that the Board of Directors at their meeting held on January 25, 2010, have considered and decided the following: (1) The Board approved the appointment of Shri K. D Gupta as a Director of the Company in the casual vacancy due to the resignation of Mr. J.S. Varshneya.(2) Considered the means of Financing including by way of QIP, PE, PP (Private Placement ), FCCB, Warrants, GDR, ADR, Right issue etc. to meet out the expansion project cost of Technical Textiles, Denim, Home-furnishing and Spinning project. (3)The Board decided to convene an E

Shri Lakshmi Cotsyn Limited has informed the Exchange that Board of Directors of the company at their meeting held on July 29, 2009 has transacted the following business: Chairman informed the Board that M/s Armet Armored Vehicles (India) Ltd. which was a subsidiary of Shri Lakshmi Cotsyn Ltd. has now become the wholly owned subsidiary company due to dissolution of Joint Venture between Shri Lakshmi Cotsyn Ltd. & Armet Armored Vehicles Ltd. (U.K.) in view of non-subscribing the shares by Armet Armored Vehicles Ltd. (U.K.) @ 25% i.e. Rs. 2.5 Crores (US$ 5,00,000). This Joint Venture was formed

Shri Lakshmi Cotsyn Limited has informed the Exchange that the Board of Directors of the Company at their meeting held on June 09, 2009 has taken the following decisions: 1) Subject to the approval of the members of the company in General Meeting and the approval of other appropriate authorities, to allot 25,00,000 nos. of share warrants on preferential basis to the strategic investors. 2) Considered the Capex Plan of Rs. 1200 crores for the products. 3) To convene an Extraordinary General Meeting on July 20, 2009, to obtain consent of the members regarding the aforesaid preferential allotment

Shri Lakshmi Cotsyn Limited has informed the Exchange that the Board of Directors of the company at its adjourned meeting held on March 02, 2009 has approved the allotment of 30,00,000 Warrants of the company to the promoters on preferential basis. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). <a href=/content/corporate/Shreelaxmi_Warrant_02032009.zip target=NEW> For more details click here.</a>

Shri Lakshmi Cotsyn Limited has informed the Exchange that the Board of Directors of the company at their meeting held on January 31, 2009 has transacted the following business :- The Board discussed the matter of commencement of production at the new unit purchased by the Company at NOIDA with an installed capacity of 6 lacs pieces p.a. of comforters/ quilted fabric w.e.f. February 01, 2009.

Shri Lakshmi Cotsyn Limited has informed the Exchange that Board of Directors at their meeting held on October 20, 2008 have decided the following : 1) Revised the cost of Project from Rs. 350 Crore to Rs. 365 Crores due to delay in the proposed implementation of the Terry Towel and Captive Cogeneration Power Projects. 2) In view of present volatile market condition of Capital Market, the company has decided to raise the quantum of Term Loan from Rs. 170 Crore to Rs. 250 Crores. The Company has already invested in the project Rs. 40 Crores from internal accruals and balance Rs. 75 Crores will

Shri Lakshmi Cotsyn Limited has informed the Exchange that the Board of Directors at their meeting held on September 19, 2008, have considered and decided the following: -1. The detailed discussion on the manufacturing of Anti Ageing Fabric was held and then the Board authorised Dr. M. P. Agarwal, Chairman & Managing Director of the company to take appropriate action in the matter in consultation with Dr. G. N. Mathur, a Director of the Company and a Scientist at Arkansas University, U.S.A. engaged in research work on "Smart Textiles."2. In view of the Guidelines of the FIPB (Foreign Investmen

Shri Lakshmi Cotsyn Limited has informed the Exchange that the Board of Directors of the Company at their meeting held on July 21, 2008, has discussed in detail about the progress of expansion project of Terry Towel & have shown the satisfaction on the progress till date.

Shri Lakshmi Cotsyn Limited has informed the Exchange that "The Board of Directors at their meeting held on 31st March, 2008 have decided the following: 1) Revised the cost of Project from Rs. 310 Crores to Rs. 350 Crores in view of increased Captive Co-generation Power Project cost and currency fluctuation. 2) In view of present volatile market condition of Capital Market, the company has decided to raise the quantum of Term Loan from Rs. 100 Crores to Rs. 170 Crores and balance Rs. 180 Crores by way of QIP,PE/PP,FCCB,GDR's/ADR's, Share Warrants etc, 3) The Project of Smart Textiles i.e. Smar

Shri Lakshmi Cotsyn Limited has informed the Exchange that "Board of Directors at their meeting held on 31st December, 2007 have decided to raise the Equity Capital upto Rs.160 Crores by way of QIP to meet out the expansion project cost of Terry Towel from 3000 Tones p.a. to 15000 Tones p.a. and 12mw power plant project cost".

Shri Lakshmi Cotsyn Limited has informed the Exchange that the Board of Directors at their meeting held on December 04, 2007 have considered and approved the following matters:- 1) Considered and approved an increase in the Authorized Share Capital of the Company from Rs.30 crores divided into 3 crores Equity Shares of Rs. 10/- each to Rs. 50 crores divided into 5 crores Equity Shares of Rs. 10/- each (2) After reviewing the expansion of Terry Towel capacity, it was reported that the machineries can produce 12000 Tons per annum with some modifications within same project cost. Accordingly, the