Linaks Microelectronics fixes Record date for reduction of capital

On 24 December 2013

Linaks Microelectronics announced that the company has fixed 24 December 2013 as the Record date for reduction of capital and consequent sub-division thereof. Pursuant to the Order dated 13 August 2013 passed by the Hon'ble BIFR, followed by special resolution passed at the extraordinary general meeting of the company held on 30 September 2013, the paid-up value of shares has been reduced by a sum of Rs 6 per share and in order to avoid handling fractional shares, the face value of the share of Rs 10 each has been sub-divided in to 10 equity share of Re 1 each simultaneously. Accordingly, holder of every equity share of Rs 10 with a reduced paid-up value of Rs 4 each shall be issued 4 equity shares of Re 1 each fully paid up. The purpose of record date is to determine eligibility of the holder of equity shares and corporate action submission to stock exchange.

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