Linear Polymers to allot 51,000 shares to promoter

Linear Polymers Ltd has announced that the members at the 19th Annual General Meeting (AGM) of the Company held on September 29, 2006, have authorized the Board to re-issue and allot 51,000 fully paid up equity shares of Company of Rs 10/- each at a premium of Rs 5/- per share aggregating to Rs 7,65,000 calculated in accordance with the relevant guidelines issued by SEBI / Stock Exchange to Shri Ashok Shah director / promoter of the Company, subject to necessary provisions and approvals.

Source : Equity Bulls

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