La Opala EGM to utilize security premium amount for issue of bonus shares

La Opala RG Ltd has announced that the members at the Extra-Ordinary General Meeting (EGM) of the Company held on September 02, 2006, inter alia, have accorded to the Board for utilizing the unutilized security premium amount of Rs 5,29,87,660/- to be utilized in payment of 52,98,766 equity shares of Rs 10/- each by issuing fully paid up bonus shares in proportion of 1 bonus share for every 1 existing equity shares held by the members of the Company on the record date and such bonus shares shall rank pari passu in all respects with the existing equity shares of the Company, subject to necessary provisions & approvals.

Source : Equity Bulls

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