Linak Micro Electronics Limited has informed the Exchange that “Hon'ble National Company Law Tribunal (NCLT), Delhi, has approved the resolution plan under the Insolvency and Bankruptcy Code, 2016.”
The approved resolution plan provides for extinguishment of the existing listed shares with value of 1% paid up equity capital (ie. 10 Paise/share) to its existing equity shareholders of the Company.
In view of the above circumstances and to avoid market complications, trading in the securities of Linak Micro Electronics Limited will be suspended w.e.f. September 13, 2024.
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Sr. No.
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Scrip Code
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Name of the Company
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1
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517463
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Linaks Microelectronics Limited
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For further clarification on the above, please email on bse.soplodr@bseindia.com
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Manu Thomas
Addl.GM-Listing Compliance
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Shyam Bhagirath
Manager-Listing Compliance
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