LN INDUSTRIES INDIA LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 24/08/2023 ,inter alia, to consider and approve 1.Cancellation and extinguishment of the entire shareholding of the erstwhile promoters and promoter group of the Company.2.Fixation of Record date for the purpose of cancellation of Public Shareholding. 3.Cancellation of the Public Shareholding of the Company to the extent of 98% as on Record date .4.Allotment as per scheme approved by Hon''ble NCLT pursuant to the allotment proposed in the Board meeting held on May 30, 2023 5.Allotment of 20,00,000 (Twenty Lakhs) Equity Shares to Mr. Vivek Kumar Ratakonda and Mr. Ashok Kumar Buddharaju (Resolution Applicants) pursuant to the allotment proposed in the Board meeting held on May 30, 2023. 6.Allotment of 30,00,000 Equity Shares of Rs. 10/- each of the Company on a preferential basis to certain identified investors as part of the Resolution Plan to meet the working Capital requirement of the Co.