Board Meeting on March 16, 2016
Lakshmi Overseas Industries Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on March 16, 2016, inter alia, for considering, issuance/allotment of 1,10,00,000 (One Crore Ten Lacs) convertible warrants, on preferential basis to the persons/entities belonging to the Promoters/ Promoters' Group category, at an exercise price of Rs. 17.50 per underlying equity share of the face value of Rs.2 each, in terms of the in-principle approvals given by BSE and NSE.