Linaks Microelectronics Ltd has informed BSE that the Company has fixed December 24, 2013 as the record date for the purpose of Reduction of Capital & consequent sub-division thereof.Pursuant to the Order dated August 13, 2013 passed by Hon'ble BIFR, followed by special resolution passed at the Extra-ordinary General meeting of the Company held on September 30, 2013, the paid-up value of the shares of the Company has been reduced by a sum of Rs. 6/- per share and in order to avoid handling fractional shares, the face value of the share of Rs. 10/- each has been sub-divided in to 10 equity share of Re. 1/- each simultaneously. Accordingly, holder of every equity share of Rs. 10/- with a reduced paid-up value of Rs. 4/- each shall be issued 4 equity shares of Re. 1/- each fully paid-up. The purpose of record date is to determine eligibility of the holder of equity shares and Corporate action submission to stock exchange.Source : BSE
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