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LMW Limited Share Issue/Capital Change 2021

Mar 17, 2021

60846_rns_2021-03-17_f4b96a7a-3845-44e8-942e-3b836b5f5386.pdf

Share Issue/Capital Change

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s.No.1.2.3.4. Details requiredtobedisclosed Details requiredtobedisclosed Particulars
Nameofthe target entity, details in briefsuch as size, turnover etc.Whether the acquisition would fall withinrelated party transaction(s) and whetherthepromoter/ promoter group/ groupcompanies have any interest in the entitybeing acquired?Ifyes, natureofinterestand details thereofandwhether the sameis doneat"arms' length"Industrytowhich the entity being acquiredbelongs LMWAerospaceIndustriesLimitedwasincorporated under the Companies Act, 2013 on16thMarch, 2021asa wholly owned subsidiarycompanyofLakshmi Machine Works LimitedAuthorised&Paid-up Share capital:Rs.2,50,00,000/- consistingof25,00,000 EquitySharesofRs.10/-eachTurnover: Not Applicable
Incorporationofa wholly owned subsidiaryCompany doesnotfall within related partytransaction(s). However, the wholly ownedsubsidiaryisa related partyoftheCompany.Lakshmi Machine Works Limitedhassubscribedtothe Memorandum & ArticlesofAssociationtothe extentof100%ofthe Share capitalofLMWAerospace Industries Limited.Thepromoter/promotergroup/groupcompaniesdonot have any interest intheentityincorporated.
Aerospace
Objects and effectsofacquisition (includingbut not limited to, disclosureofreasons foracquisitionoftarget entity,ifitsbusinessisoutsidethemain lineofbusinessofthelisted entity) ObjectsoftheCompany: Production, Assembly,SupplyofProductsandrenderingofServices forAerospace industry.Reasonsfor acquisitionoftarget entity:Incorporationofa wholly owned subsidiaryistoenableselectivefocusuponCompany'saerospace related activities.
5. Brief detailsofany governmentalorregulatory approvals requiredfor theacquisition Not Applicable.
s.No.6.7. Details requiredtobe disclosed Particulars Not Applicable. LMWhassubscribed to the equity sharesofLMWAerospace Industries Limited (''whollyownedsubsidiary")bywayofcashconsideration.AnamountofRs.2,50,00,000/- hasbeenpaidfor subscriptionofthe 25,00,000 equity sharesofRs.10/- eachofLMWAerospace IndustriesLimited.
Indicative time period forcompletionoftheacquisition
Natureofconsideration- whethercashconsiderationorshareswap and detailsofthe same
8. Costofacquisition or the priceatwhich theshares are acquired
9. Percentageofshareholding/controlacquired and / or numberofsharesacquired 100%ofequity sharesisheldbyLakshmiMachine Works LimitedLMWAerospace Industries Limited is a PublicLimited Company incorporatedunder theCompanies Act,2013.Products: Manufacture, Production, Assembly,Supply, saleofmachinery and RenderingofServicesin Aerospace industry.Dateofincorporation: 16thMarch, 2021Country: IndiaHistoryofLast 3 years turnover: Not Applicable
10. Briefbackground about the entity acquiredin termsofproducts/lineofbusinessacquired, dateofincorporation, historyoflast 3 years turnover, country in which theacquired entityhaspresence and any othersignificant information (in brief)