Sujana Metal Products Limited (SMPL) to list on July 12, 2007

Bombay Stock Exchange (BSE) has announced that the equity shares of Sujana Metal Products Limited (Scrip Code: 513414; ISIN No:INE215G01021), shall be listed and permitted for trading on the Exchange with effect from Thursday, July 12, 2007.

The Face Value & Paid up value of each share is Rs.5/- fully paid. The scrip will be listed under Group: B2. The market lot will be 1 share.

The issued, subscribed and paid-up equity capital of the Company before Scheme of Arrangement was Rs. 3883.30 lacs consisting of 3,88,33,035 Equity shares of face value of Rs.10/- each fully paid up.

Pursuant to scheme, the ‘Towers Division’ of the company was demerged into ‘Sujana Towers Ltd.’ (STL) and in consideration thereof, STL has issued 1 (One) Equity share of Rs.5/- each for every 1 (One) Equity share of Rs.10/- each held in SMPL as on record date.

Post demerger, the Equity share capital of SMPL got reorganized and the paid up value of each equity share of the company stands reduced from Rs.10/- each to Rs.5/- per equity share by cancellation of Rs.5/- per share.

Further, upon amalgamation of M/s Sujana Steels Ltd. (SSL) into SMPL, SMPL has issued 4 (Four) Equity shares of Rs.5/- each of the company, for every 9 (Nine) Equity shares of Rs.10/- each held in erstwhile Sujana Steels Ltd. The issued, subscribed and paid-up capital of the company post scheme of arrangement as above comes to Rs.2598.67 lacs consisting of 5,19,73,524 Equity shares of face value of Rs.5/- each fully paid up.

Source : Equity Bulls

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