LANCO INDUSTRIES LTD. - Outcome of Board Meeting

Lanco Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 28, 2014, inter alia, has approved capex plan of Rs.325 crores to set up a Small Dia Pipe (SDP) Plant of 1,00,000 TPA for sizes ranging 100mm to 300mm dia with increased capacity of Blast Furnace and other facilities.<br/><br/>The Board has also approved the change of name of the Company from LANCO INDUSTRIES LIMITED to SRIKALAHASTI PIPES LIMITED which is subject to shareholders approval in general meeting and other statutory approval.