LTG (Lucky TG Private Ltd) ko ek joint venture ke taur par Tariq Glass Industries Limited (“TGL”) aur Lucky Core Industries Limited (“LCI”) ne mil kar qaim kiya tha. Iska maqasad ek advanced greenfield float glass manufacturing facility banana tha jiska production capacity 1000 Tons Per Day tak hona tha. Lekin, mulk mein mojooda ma’ashi surat-e-haal ki wajah se yeh project mutawaqqa tor par aage nahi barh saka, jis se delays ho gaye hain aur project timelines ko dobara dekhne ki zarurat pesh aa gayi hai.
Abhi LTG mein kaafi paise paid-up capital ke tor par TGL aur LCI ne invest kiye hue hain, jo ke abhi tak istamal nahi hue. Is surat-e-haal ko madde nazar rakhte hue, LTG ke Board of Directors ne apne shares ko buyback karne ki manzoori de di hai, jo ke Section 88 of the Companies Act 2017 aur Companies Regulations 2024 ke mutabiq hoga, zaroori approvals milne ke baad. Ye buyback TGL ke mojooda shareholding (i.e., 49%) ke mutabiq hoga aur buyback transaction ke baad bhi TGL apne 49% shareholding ko barqarar rakhega. Joint venture partners iss project ko mukammal karne ke liye pur-azm hain jese hi ma’ashi surat-e-haal behtar hoti hai.
