Shilpa Medicare allots 3916665 shares

Shilpa Medicare Ltd has announced that the Board of Directors of the Company at its meeting held on January 19, 2009, inter alia, has took on record the Decree passed by the High Court of Karnataka (copy delivered on January 17, 2009) transferring the assets of erstwhile Shilpa Organics Pvt Ltd (Transferor Company) to Shilpa Medicare Ltd (Transferee Company) and to allot the shares to the shareholders of Transferor Company in the ratio as approved in the scheme of amalgamation.

Accordingly, the Board allotted 39,16,665 equity shares of Rs 2/- each of the Company to the shareholders, which had been shown as Share Capital Suspense in the books of Shilpa Medicare Ltd as on March 31, 2008. After the allotment of these shares the Paid-up Capital of the Company is Rs 4,40,48,330/-.

Source : Equity Bulls

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