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              Suraj Stainless Ltd has announced that the Board of Directors of the Company at its meeting held on September 30, 2006, has allotted 5,15,000 Equity Shares to M/s. Bsurinvest Bvba, a Foreign Company registered under Notary Act in Belgium under non promoter category, at a price of Rs 270/- per share. (face value of Rs 10/- each with premium of Rs 260/- per share) as per the SEBI preferential issue Guidelines.