La Opala RG’s members at the Extra-Ordinary General Meeting (EGM) held on 2 September, 2006, have approved for utilizing the unutilized security premium amount of Rs 5,29,87,660 to be utilized in payment of 52,98,766 equity shares of Rs 10 each by issuing fully paid up bonus shares in proportion of 1 bonus share for every 1 existing equity shares held by the members of the company on the record date.

The bonus shares shall rank pari passu in all respects with the existing equity shares of the company, subject to necessary provisions and approvals.