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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) |
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