Laxmi Organic Industries Ltd - 543277 - Announcement under Regulation 30 (LODR)-Qualified Institutional Placement
We wish to inform you that pursuant to the approval accorded by the board of directors of the Company (the "Board"), at its meeting held on April 20, 2023, and the shareholders of the Company, pursuant to the Special resolution passed by way of postal ballot on June 6, 2023, the Fund Raising committee of Directors (the"Committee") has, at its meeting held today i.e. October 05, 2023, inter alia, decided to undertake the issue, in accordance with SEBI ICDR Regulations and passed the following resolutions: Authorized the opening of Issue today i.e. October 05, 2023. Approved the floor price for the Issue, being Rs. 283.27 per Equity share, based on the pricing formula as prescribed under SEBI ICDR Regulations. Approved and adopted the Preliminary Placement Document dated October 05, 2023 along with application form in connection with Issue. We request you to kindly take this on record.05-10-2023