Securities And Exchange Board Of India - Latest News Update, Information, Photos & Videos on Securities And Exchange Board Of India at Lokmat Times

, a listed company in the steel trade since 1987, dealing with Colour Coated Steel Sheets, announced that subsequent to their Board of Directors meeting held on 8th April 2022, they have considered and approved a stock split.Pursuant to regulation 30(2) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 the board has recommended a proposal of sub-division of the company's equity share of face value of Rs. 10 each into 10 equity shares of Re.1 each.The record date for the Split/ Sub-Division of nominal value will be intimated in due course subject to compliance of necessary laws.The proposal for consequential alteration of the Capital Clause (Clause V) of the Companies Act 2013, in the Memorandum of Association of the Company, was also approved by the Board subject to the final approval of the shareholders.Brief details of amendments in Memorandum of Association of the Company:The Authorized Share Capital of the Company shall be Rs. 20,00,00,000/- (Rupees Twenty Crores only) divided into 19,50,00,000 (Nineteen Crores and Fifty Lacs) Equity Shares of Re. 1/- (Rupee One only) each amounting to Rs. 19,50,00,000/- (Rupees Nineteen Crores and Fifty Lacs) and 5,00,000 (Five Lacs) Redeemable Preference shares of Rs. 10/- (Rupee Ten only) each amounting to Rs.50,00,000/- (Rupees Fifty Lacs).The Board also considered and approved the date for calling Extra Ordinary General Meeting for the approval of the above amendments to be scheduled on May 09, 2022.The La Tim Group is also in the business of Real Estate and Hospitality.Its real estate division, La Tim Lifestyle & Resorts, initiated land trading and real estate development from Panvel and its surrounding areas in Raigad district, Maharashtra. Currently, La Tim has a land bank more than 1000 acres spread out along the Khopoli Pali Road (State Highway 92), which is approximately 90 kms from Mumbai and 95 kms from Pune.La Tim Hospitality includes the well-known 'Saj Resorts' brand which owns hotels in stunning locations such as Mahabaleshwar and Malshej Ghat in Maharashtra, while also developing an upcoming hotel in Pench Tiger Reserve in Pench district of MP, 95 kms from Nagpur. Additionally, it operates fine dining restaurants in Goa.Website -This story is provided by PRNewswire.will not be responsible in any way for the content of this article. (ANI/PR Newswire)( With inputs from ANI )Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Securities And Exchange Board Of IndiaFOLLOW

Securities and exchange board of india, Latest News

Union Finance Minister Nirmala Sitharaman on Wednesday said the steps taken by the government like the implementation of GST, Insolvency and Bankruptcy Code and reduction in corporate tax, helped keep the Indian economy afloat in the difficult times ...

New Delhi, June 3 Capital market regulator Securities and Exchange Board of India (SEBI) on Friday passed its ... ...

PayMate India, a B2B payment solutions provider, has filed its draft red herring prospectus (DRHP) with capital markets regulator Securities and Exchange Board of India (SEBI) to raise around Rs 1,500 crore through an initial public offering (IPO). ...

India's alternative investment fund (AIF) industry has doubled from USD 36 billion at the end of 2016 to USD 72 billion by September 2021 - an increase of more than 100 per cent in assets under management (AUM) for Securities and Exchange Board of In ...

The National Securities Depository Limited (NSDL), which has 89 per cent market share in value of demat assets in India, on Saturday unveiled Distributed Ledger Technology (DLT) or blockchain platform for Debenture Covenant Monitoring. ...

Under Margin Trading Financing (MTF), one can buy stocks by paying only a part of the total value of stocks. One can pay this marginal amount to the stockbroker in the form of cash or shares as security. The stockbroker funds the balance amount for o ...

The Union Cabinet chaired by Prime Minister Narendra Modi on Wednesday approved the signing of a bilateral Memorandum of Understanding (MoU) between the Securities and Exchange Board of India (SEBI) and Manitoba Securities Commission, Canada. ...

La Tim Metal & Industries, a listed company in the steel trade since 1987, dealing with Colour Coated Steel Sheets, announced that subsequent to their Board of Directors meeting held on 8th April 2022, they have considered and approved a stock split. ...