Palred Technologies Ltd approves allotment of shares

The Board of Directors of the Company at its meeting held on July 10, 2015, has considered and approved the allotment of 1,56,14,788 equity shares of Rs. 5 each to the eligible shareholders as on July 09, 2015 pursuant to reduction of capital duly approved by Hon'ble High Court vide order dated June 09, 2015.

The Board also approved the refund of surplus capital i.e. Rs. 16.50/- per share to the eligible shareholders consequent upon reduction of capital by 60%.

Source : Equity Bulls

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