Lumax Industries - Outcome Of Preferential Issue Committee Meeting

Lumax Industries Ltd has informed that the Preferential Issue Committee of Board of Directors of the Company at its meeting held on May 08, 2007 has considered and approved the allotment of 10,00,000 Equity Shares of Rs 10/- each at a price of Rs 540.03 per share (including premium) to Stanley Electric Co Ltd., Japan as per SEBI (DIP) Guidelines, 2000 on Preferential basis by Private Placement.