StockWatch
·
Pharmaceuticals
Board Meeting15 Jun 2026, 06:40 pm

Lactose India Board Meeting on June 18 to Consider Warrant Forfeiture

AI Summary

Lactose India Ltd has announced a Board of Directors meeting scheduled for June 18, 2026. The primary agenda item is to consider the forfeiture of 15,00,000 convertible share warrants allotted on a preferential basis to M/s. SG General Dealers LLP. This action is due to the non-payment of the balance consideration required for conversion into equity shares within the stipulated period. The meeting will also address any other business with the chair's permission.

Key Highlights

  • Board meeting scheduled for June 18, 2026.
  • Agenda includes forfeiture of 15,00,000 share warrants.
  • Warrants to be forfeited due to non-payment of balance consideration.
  • Action pertains to warrants allotted to M/s. SG General Dealers LLP.