Laser Diamonds Ltd

Dematerialisation status

• Registrar confirmed processing of dematerialisation requests in the period and reported to depositories.
• Securities dematerialised have been listed on stock exchanges where earlier issues are listed.
• Physical certificates for dematerialisation were mutilated and cancelled; depository name substituted as registered owner within time limit.

Acquisition details

• Target: Turner Industries Limited (formerly Laser Diamonds Limited), listed on BSE.
• Acquirer and PAC: Supreet Kaur and Sachin Batra (CIN L52599TN1995PLC029777).
• Promoter group: No.
• Exchange: BSE Limited.
• Acquired shares: 390,500; 9.64% of total voting capital.
• Post-acquisition holding: 390,500 shares (9.64%).
• Mode: Off Market.
• Date of acquisition: 13-10-2026.
• Equity share capital before/after: 4,05,00,000 shares.
• Total diluted share capital after: 4,05,00,000.
• Salient features: Equity Shares.
• Pre-acquisition: NA for VR, encumbrances, warrants.

Transaction details

• Target: Turner Industries Limited (formerly Laser Diamonds Limited).
• Acquirer and PAC: Sachin Batra and Supreet Kaur (CIN L52599TN1995PLC029777).
• Promoter group: No.
• Exchanges: BSE Limited.
• Acquisition: 390,500 voting-rights shares acquired, 9.64% of total voting capital.
• Mode: Off Market.
• Date of acquisition: 13-10-2026.
• Equity share capital before: 4,05,00,000 shares.
• Equity share capital after: 4,05,00,000 shares.
• Total diluted voting capital after: 4,05,00,000 shares.
• Salient features: Equity Shares.

AGM extension

• ROC Chennai order dated 24 September 2026 grants Turner Industries Limited extension to 31 December 2026.
• Original AGM date was 30 September 2026; extension granted for special reasons.
• Order issued under Section 96(1) of the Companies Act, 2013.

AGM extension

• Filed e-Form GNL-1 with ROC Chennai to extend the 32nd AGM to 30 November 2026.
• Status pending ROC Chennai approval; company to inform on outcome.

Key transaction details

• Target Company: Laser Diamonds Limited.
• Disclosing Party: Sangita (concert with PAC); promoter group: No.
• Transaction Type: Sale of voting shares.
• Pre-transaction holding: 1,562,000 shares (38.57%).
• Sale: 624,800 voting rights sold (15.43%), mode: not specified.
• Post-transaction holding: 937,200 shares (23.14%).
• Date of sale: 12.09.2026.
• Equity capital before sale: Rs. 4,05,00,000; after sale: Rs. 4,05,00,000.
• Total diluted capital: Rs. 4,05,00,000.

Name change details

• Old name Laser Diamonds Limited renamed to Turner Industries Limited; effective 8 February 2018.
• Approval for change of name obtained from Central Government/Registrar of Companies, Tamil Nadu.
• Certificate of Incorporation issued by RoC confirming name change; CIN unchanged (L52599TN1995PLC029777).
• Memorandum and Articles of Association amended to reflect Turner Industries Limited.
• Assets and liabilities of Laser Diamonds Limited vest in Turner Industries Limited.
• Shareholder approvals via special resolutions at EGM held 22 December 2017.

Key financials

• Board approved unaudited Q1 results for quarter ended 30 June 2026.
• Net loss after tax for the quarter: Rs 0.31 Lakhs.
• Basic and diluted EPS: Rs (0.01) per share.
• Total assets as of 30 Jun 2026: Rs 50.66 Lakhs.
• Borrowings as at 30 Jun 2026: Rs 40.03 Lakhs, including loan from Director.
• Cash and cash equivalents: Rs 0.67 Lakhs.
• Equity share capital: Rs 401.31 Lakhs.
• Reserves excluding revaluation reserves: Rs (390.98) Lakhs.
• Total comprehensive income for the period: Rs (0.34) Lakhs.

Meeting Details

• Board meeting scheduled for 13 August 2026 at 3:00 PM; location not disclosed.

Key Agenda Items

• Consider unaudited financial results for the quarter ending 30 June 2026.

Financials

• Q4 ended 31 Mar 2024 net loss after tax: Rs 0.31 Lacs.
• Full-year ended 31 Mar 2024 net loss after tax: Rs 3.28 Lacs.
• Other income for FY2023-24: Rs 6.0 Lacs.
• Total income from operations not reported in the results.
• Paid-up equity share capital: Rs 401.31 Lacs.
• Cash and cash equivalents at end of year: Rs 0.88 Lacs.
• Net decrease in cash from operating activities: Rs 0.02 Lacs.