Corporate Announcement
Security Code : 532796    Company : LUMAXTECH    
 
Outcome of Board Meeting 
  Exchange Disseminated Time     
Lumax Auto Technologies Ltd has informed BSE that, pursuant to approval of Shareholders, under Section 81 (1A) of the Companies Act, 1956 for issuance of the shares on preferential basis, in their Annaul General Meeting held on July 26, 2010, the Board of Directors of the Company at its meeting held on August 10, 2010, has considered and approved the allotment of 20,00,000 (Twenty Lacs only) equity shares of Rs. 10/- each at a price of Rs. 119.10 per share on Preferential basis by Private Placement to the following Promoter and Non-Promoter entities :

1. Name of the Allottees : Dhanesh Kumar Jain As a Karta of D J Jain & Sons (HUF) (Promoter Category)
- No. of Equity Shares allotted : 35,000

2. Name of the Allottees : Deepak Jain (Promoter Category)
- No. of Equity Shares allotted : 1,20,000

3. Name of the Allottees : Anmol Jain (Promoter Category)
- No. of Equity Shares allotted : 75,000

4. Name of the Allottees : Shivani Jain (Promoter Category)
- No. of Equity Shares allotted : 45,000

5. Name of the Allottees : Sheela Finance Pvt Ltd (Promoter Category)
- No. of Equity Shares allotted : 4,00,000

6. Name of the Allottees : Orange Mauritius Investments Ltd (Non-Promoter Category)
- No. of Equity Shares allotted : 6,75,000

7. Name of the Allottees : Asia Investment Corporation (Mauritius) Ltd (Non-Promoter Category)
- No. of Equity Shares allotted : 6,50,000
 

Disclaimer

Back To Announcements