Net profit of Lakshmi Automatic Loom Works remain constant at Rs 0.44 crore in the quarter ended September 2018 and also during the previous quarter ended September 2017. Sales rose 23.64% to Rs 2.04 crore in the quarter ended September 2018 as against Rs 1.65 crore during the previous quarter ended September 2017.

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Lakshmi Automatic Loom Works announced that the Annual General Meeting (AGM) of the company will be held on 19 September 2018.

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Net profit of Lakshmi Automatic Loom Works declined 84.44% to Rs 0.07 crore in the quarter ended June 2018 as against Rs 0.45 crore during the previous quarter ended June 2017. Sales rose 73.26% to Rs 1.49 crore in the quarter ended June 2018 as against Rs 0.86 crore during the previous quarter ended June 2017.

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Lakshmi Automatic Loom Works announced that the Board of Directors held on 7 August 2018 the Board of Directors have accorded the consent to the following resolutions, subject to the approval of shareholders in the General Meeting :-

1.The existing Clause (V) of the Memorandum of Association and Article 3 of the Articles of Association be altered by deletion of the existing Clause V & Article 3 respectively and by substitution thereof.

2.The paid-up Preference Share Capital of Rs.4,00,00,000 consisting of 400000 - 6% Cumulative Redeemable Preference Shares of Rs.100/- each be altered as (1)200000-6% Non Cumulative Compulsorily Convertible Preference Shares of Rs.100/- each and same be converted into Equity Shares issued at a premium and (2)200000-6% Non Cumulative Optionally Convertible Preference Shares of Rs.100/- each and the same be converted into Equity Shares of the Company at a Premium on the option exercised by the Optionally Convertible Preference Shareholders on or after 01 April 2019

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