Shri Lakshmi Cotsyn (Delisted) share news and announcements
BSE: 526049Textiles & Apparels
Last traded ₹1.81 on 28 Mar 2016
Delisted on 28 Oct 2021.
Shri Lakshmi Cotsyn board meetings
198 filed, newest first. Page 4 of 4.
Sep 2010
23 Sep · Board meeting
To transact the following business : (1) To consider the matter of recommendation of Dividend, if any; (2) To consider any other matter(s) with permission of the Chair.21 Sep · Board meeting
Meeting of the Board of Directors of the Company will be held on September 28, 2010, inter alia, to consider the matter of recommendation ....
Aug 2010
31 Aug · Board meeting
Board of Directors of the Company at its meeting held on August 30, 2010 have considered and decided the following: (1) The Board approved the allotment of 50,00,000 Share Warrants to promoters and 20,00,000 Share Warrants to non-promoters on preferential basis at SEBI Floor price or Rs.150/- per warrant, whichever is higher, for its expansion project subject to the approval of members at Extra Ordinary General Meeting which is scheduled to be held on October 04, 2010. (3) The Board noted the withdrawal of nomination of Mr. Sunil Trikha, by Exim Bank from directorship of the Company. (4) The Board noted the appointment of M/s Centbank Financial Services Ltd., Mumbai as a Book Running Lead Manager for the purpose of raising equity through Public Issue/QIP/PE/PP/FCCB/GDR/ADR, etc.30 Aug · Board meeting
Board of Directors of the Company at its meeting held on August 30, 2010, inter alia, has considered and decided the following: 1. ....24 Aug · Board meeting
To transact the following business: (1) To consider and take on record the Audited Financial Results of the Company for the Accounting Year ended June 30, 2010. (2) To consider the withdrawal of nomination of Mr. Sunil Trikha, by Exim Bank from directorship of the Company. (3) To consider the matter of allotment of 50,00,000 Share Warrants Rs.150 per warrant on the preferential basis to promoters for its expansion project. (4) To consider the matter of allotment of 20,00,000 Share Warrants Rs. 150 per warrant on the preferential basis to non-promoters for its expansion project. (5) To convene an Extra Ordinary General Meeting on 4th October 2010 to obtain consent of the members regarding the aforesaid preferential allotment. (6) To consider the appointment of Centbank Financial Services Ltd., Mumbai as a Book Running Lead Manager for the purpose of raising equity through Public Issue/QIP/PE/PP/FCCB/GDR/ADR, etc. (7) To consider any other matter(s) with permission of the chair.
Jun 2010
15 Jun · Board meeting
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 and 20 Lacs respectively at a price of Rs. 150/- each in the place of 50 Lac Warrants(35 Lacs to Promoters and 15 Lacs to non- promoters) @ Rs.200 each, earlier decided vide Board meeting held on April 9, 2010. Thus the Company will raise Rs. 105/- Crores by way of allotment of 70 Lac Warrants @ Rs. 150/- each to part finance the cost of project of Technical Textile, Denim and Sheeting.12 Jun · Board meeting
Board of Directors of the Company at its meeting held on June 11, 2010, have considered and decided the following: 1. Board decided ....7 Jun · Board meeting
To transact the following business : (1) To consider the matter of conversion of Foreign Currency Convertible Bonds (FCCB) for the total principal amount of USD 500,000; (2) To consider any other matter(s) with permission of chair.
May 2010
3 May · Board meeting
1 May · Board meeting
Board of Directors of the Company at its meeting held on April 30, 2010, have considered and decided the following:- 1. The Board ....
Apr 2010
20 Apr · Board meeting
To transact the following business: (1) To consider and take on record the Un-audited Financial Results of the Company for the quarter ended March 31, 2010. (2) To consider the matter of conversion of 8,43,000 nos. of Warrants into equivalent nos. of equity shares to promoters group. (3) To consider any other matter(s) with permission of the chair.9 Apr · Board meeting
Board of Directors of the Company at its meeting held on April 09, 2010, inter alia, have considered and decided the following: 1. ....9 Apr · Board meeting
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. (3) Authorised the Managing Director to convene an Extra Ordinary General Meeting for the purpose of allotment of 50 Lacs warrants as mentioned in Point No.-1.5 Apr · Board meeting
To transact the following business: (1) To consider the matter of allotment of 15,00,000 Share Warrants @ Rs.200 per warrant on the preferential basis to promoters for its expansion project; (2) To consider the matter of allotment of 35,00,000 Share Warrants @ Rs.200 per warrant on preferential basis to non-promoters for its expansion project; (3) To consider the matter of conversion of 1975000 Warrants into equivalent nos. of equity shares to non-promoters; (4) To consider any other matter(s) with permission of the Board.
Mar 2010
23 Mar · Board meeting
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 into Equity Shares of Rs. 10/- each at a premium of Rs. 46/- to the following strategic investors on preferential basis: (i) Name of the Allottees : Shri Ganpati Multi-Fab Pvt Ltd, No of Warrants - 5,00,000; (ii) Name of the Allottees : Manjusha Glass Works Pvt Ltd, No of Warrants - 5,00,000; (iii) Name of the Allottees : HRV International Pvt Ltd, No of Warrants - 4,50,000; (iv) Name of the Allottees : Cerastium Propmart Pvt Ltd, No of Warrants - 4,50,000; (v) Name of the Allottees : V. D. Mishra, No of Warrants - 25,000; (vi) Name of the Allottees : Manish Agarwal, No of Warrants - 25,000; (vii) Name of the Allottees : Abhishek Kumar Agarwal, No of Warrants - 25,000.19 Mar · Board meeting
Board of Directors of the Company at its meeting held on March 19, 2010, has considered the following matter: 1. Approved the conversion ....12 Mar · Board meeting
To transact the following business: (1) To consider the conversion of warrants (not exceeding 5% of the expanded capital) of promoters group in accordance with SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009. (2) To consider the allotment of 19,75,000 no,s of warrants, convertible into Equity shares on preferential basis to the strategic investors. (3) To consider any other matter(s) with permission of the Board.
Jan 2010
25 Jan · Board meeting
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 Extra Ordinary General Meeting on February 25, 2010 for obtaining the approval of shareholders to raise equity. (4) The Board considered the matter in regard to change of name of the Company subject to the availability of name with Registrar of Companies.18 Jan · Board meeting
To transact inter-alia, the following matters: (1) To consider the means of financing including raising of equity by way of QIP, PE, PP (Private Placement), FCCB, Warrants, GDR, ADR etc. to meet out the expansion project cost of Technical Textiles, Denim, Home-furnishing and Spinning project. (2) To consider and take on record, the Un-audited Financial Results of the Company for the quarter ended December 31, 2009. (3) To consider the appointment of a director in place of the casual vacancy caused due to the resignation of Mr. J.S. Varshney. (4) To consider the change of name of the Company subject to the availability of name with Registrar of Companies. (5) To consider any other matter(s) with permission of the Board.
Nov 2009
19 Nov · Board meeting
To transact the following business: 1) To consider and approve the Annual Accounts of the company for the year ended June 30, 2009. 2) To consider the matter of recommendation of Dividend, if any. 3) Any other matter(s) with permission of the chair.
Oct 2009
23 Oct · Board meeting
To transact inter-alia, the following business:- 1) To consider & approve the un-audited Financial Results for the quarter ended September 30, 2009. 2) To consider any other matter(s) with permission of the chair.
Jul 2009
29 Jul · Board meeting
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 on 25.02.2007 between Shri Lakshmi Cotsyn Ltd. & Armet Armored Vehicles Ltd. (U.K.) to produce and assemble armored vehicles of any kind but since then Armet Armored Vehicles Ltd. (U.K.) has not subscribed their share in the capital of the company as yet, consequently the joint venture gets dissolved. Chairman also informed that there is no effect on the working of M/s Armet Armored Vehicles (India) Ltd. by dissolution of this joint venture and the company is continuously engaged in the production of Armored Vehicles.23 Jul · Board meeting
Inter-alia, the following matters:- 1) To consider and take on record the unaudited Financial Results of the Company for the quarter ended June 30,2009. 2) To consider any other matter(s) with permission of the chair.
Jun 2009
9 Jun · Board meeting
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.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). For more details click here.3 Jun · Board meeting
To transact the following business: (1) To consider the allotment of 25,00,000 nos. warrants convertible into Equity Shares of Rs. 10/- each at a premium of Rs. 40/- each to the strategic investors on preferential basis. (2) To consider the capex of Rs.1200 crores for various projects. (3) To consider any other matter(s) with the permission of the chair.
Apr 2009
20 Apr · Board meeting
To transact inter-alia, the following matters:- (1) To consider and approve the un-audited Financial Results for the Quarter ended March 31, 2009. (2) To consider any other matter(s) with permission of the Chair.
Mar 2009
2 Mar · Board meeting
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). For more details click here.
Feb 2009
23 Feb · Board meeting
Meeting of Board of Directors which was scheduled to be held on date i.e. February 23, 2009 for the purpose of allotment of 30,00,000 warrants to promoters group, has been adjourned due to the absence of requisite quorum and will now be held on March 02, 2009.16 Feb · Board meeting
[1] To consider the allotment of 30,00,000 warrants convertible into Equity Shares of Rs. 10/- each at a premium of Rs. 90/- each to the promoters on preferential basis. [2] Consider any other matter with the permission of the Board.
Jan 2009
31 Jan · Board meeting
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, 2009.27 Jan · Board meeting
To transact inter-alia, the following matters:- (1) To consider and approve the Un-Audited Financial Results for the quarter ended December 31, 2008. (2) To consider any other matter(s) with permission of the Chair.
Dec 2008
18 Dec · Board meeting
To transact inter-alia, the following matters:- (1) To consider the matter of allotment of 30,00,000 Share warrants on preferential basis to Promoters and other strategic investors for its Terry Towel expansion project; (2) To consider expansion in Fusible Interlining manufacturing capacity. (3) To consider any other matter(s) with permission of the chair.
Nov 2008
21 Nov · Board meeting
To transact the following business:- 1) To consider and approve the Annual Accounts of the Company for the year ended June 30, 2008. 2) To consider the matter of recommendation of dividend, if any. 3) Any other matter(s) with permission of the chair.
Oct 2008
22 Oct · Board meeting
To transact inter-alia, the following matters:- (1) To consider and take on record the un-audited Financial Results of the Company for the quarter ended September 30, 2008. (2) To consider any other matter(s) with permission of the chair.20 Oct · Board meeting
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 be raised by way of Share Warrants, QIP, PE/PP, FCCB, GDR's/ ADR's etc. 3) Postponement of the EGM scheduled to be held on October 31, 2008.13 Oct · Board meeting
To transact inter-alia, the following matters: 1) To re-consider the means of financing including raising of equity by way of QIP/ PE/ PP (Private Placement) FCCB, GDR, ADR etc. in view of the unexpected turbulence in Capital Market. 2) To consider the postponement of the EGM scheduled to be held on October 31, 2008. 3) To consider any other matter(s) with permission of the Chair.
Sep 2008
19 Sep · Board meeting
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 Investment Promotion Board), the revision of Shareholding Pattern of Armet Armored Vehicles (India) Ltd. was taken into consideration and the Board decided to increase the shareholding percentage of Shri Lakshmi Cotsyn Ltd. from 49% to 75% and consequently the shareholding of the Joint Venture Partner, Armet Armoured Vehicles Ltd. U.K. to be decreased to 25% from 51%. 3. The Board also considered with the permission of the Chairman the matter of raising Equity by way of PE/FCCB/GDR and finally decided to convene an EGM on October 31, 2008 and authorised the Company Secretary Mr. Rakesh Kumar Srivastava to comply with all the necessary formalities with the BSE, NSE etc. well in time.12 Sep · Board meeting
To transact inter-alia, the following matters:- (1) To consider the manufacturing of "Anti Aging Fabric". (2) To consider "The revision of Shareholding Pattern" in Armet Armored Vehicles (India) Ltd. (3) Any other matter(s) with permission of the chair.
Jul 2008
21 Jul · Board meeting
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.14 Jul · Board meeting
To transact inter-alia, the following matters :- 1) To consider and take on record the un-audited financial results of the Company for the quarter ended June 30, 2008. 2) To review the progress of expansion project of Rs. 350 crores. 3) Any other matter(s) with permission of the Chair.
Apr 2008
15 Apr · Board meeting
To transact inter-alia, the following matters:- (1) To consider and take on record the un-audited Financial Results of the Company for the quarter ended March 31, 2008. (2) To consider any other matter(s) with permission of the chair.
Mar 2008
31 Mar · Board meeting
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. Smart Vests and Smart Jackets with the use of Nano Technology was discussed in detail in presence of Dr. G.N.Mathur (already engaged in research work in U.S.A. on Nano Technology) and Dr. J.V. Rao (Director of Northern India Textiles Research Association). The board authorised Dr. M.P.Agarwal to obtain its technology to develop Nano-Carbon Sensors for Smart and Medical Textiles. 4) Declared M/s Asian Pacific Continental Pvt. Ltd. in the Promoter Group on the basis of the Shareholding Pattern/ Persons Acting in Concert.26 Mar · Board meeting
To transact inter-alia, the following matters: (1) To re-consider the cost of expansion of Terry Towel Project & Power Plant Project of 12 mw. (2) To re-consider the means of financing including raising of equity by way of QIP / PE / PP (Private Placement) FCCB, GDR, ADR etc. in view of the unexpected turbulence in Capital Market. (3) To consider the project of "Smart Textiles" with the use of "Nano-Technology." (4) To consider any other matter(s) with permission of the chair.
Jan 2008
25 Jan · Board meeting
To transact the following the business:- 1) To approve the placement documents for the purpose of Q.I.P. (Qualified Institutional Placement) to the tune of Rs.160 Crores. 2) Any other business with the permission of chair.14 Jan · Board meeting
To transact inter-alia, the following matters:- (1) To consider and take on record the un-audited Financial Results of the Company for the quarter ended December 31, 2007. (2) To consider any other matter(s) with permission of the board.
Dec 2007
31 Dec · Board meeting
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 cost26 Dec · Board meeting
To transact inter alia the following matters:- 1) To Consider the proposal for raising of equity of Rs. 160 cores by way of QIP , PP( Private Placement) FCCB, GDR, ADR etc. 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. 2) To consider any other matter(s) with permission of the Board.5 Dec · Board meeting
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 Board of Directors has decided to revise the installed capacity for manufacturing of Terry Towel from 3000 to 15000 Tons per annum instead of 12000 Tons per annum as decided earlier.