Lakshmi Machine Works has informed that the board of directors at their meeting held on January 25, 2013 has accepted the nomination of V. Sathyakumar, as director by LIC on the board of Lakshmi Machine Works with effect from January 25, 2013, in place of Basavaraju, the present nominee director of LIC whose resignation was accepted effective from January 24, 2013.
Further the company has informed that, the board of directors at their meeting held on January 25, 2013 has appointed Basavaraju, as additional director on the board of Lakshmi Machine Works with effect from January 25, 2013.
The above information is a part of company’s filings submitted to BSE.
