Resolution Professional for LN Industries India Ltd has informed the exchange as follows:"I hereby intimating your good offices the outcome for 1st meeting of Committee of Creditors (COC) has held on 1st August, 2022 in the matter of M/s L N Industries India Limited, BSE Scrip code 530745 (INE366C01013),)as per Regulation 18 of Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016.The outcome and Resolution approved by members of CoC through E voting as given below:1. Interim Resolution Professional (IRP) has been appointed as Resolution Professional (RP).2.Ratified and approved the expenses towards public announcement issued in relation to the CIRP.3. Ratified the fees and expenses of IRP during the CIRP tenure.4. Approved the CIRP professional support services and to approve their appointment and fee during the CIRP tenure.5. Authorized the Resolution Professional to hold the future Meetings of the COC at shorter notice of not less than 2 working days.6. Authorized the Resolution Professional to appoint Valuers, Transaction Auditors, Legal Counsel if any required for completion of CIRP.7. Authorized RP to Circulate the Information Memorandum (IM) to the CoC members and for their approval."

ACS Technologies Ltd.

26 Jul 2022

19.81

1.96%

Company Update

LN INDUSTRIES INDIA LTD. - 530745 - Intimation for 1st Committee of Creditors Meeting

BSE India

Intimation for 1st Committee of Creditors Meeting to be held on August 01, 2022 in the matter of LN Industries India Ltd.

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ACS Technologies Ltd.

11 Jul 2022

19.81

1.96%

Company Update

LN INDUSTRIES INDIA LTD. - 530745 - Intimation regarding the admission under CIRP and appointment of …

BSE India

Intimation regarding the admission under CIRP and appointment of Interim Resolution Professional (IRP) by Hon''ble NCLT vide Order No. CP (IB) No.17/9/HDB/2022, dated: 01.07.2022.

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Is LN Industries India Ltd. worth buying?

16 Votes:

Buy 75.0%

Sell 18.75%

Hold 6.25%