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| Exchange Disseminated Time 27/05/2016 18:49:46 | Visa Steel Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 27, 2016, inter alia, has:
1. Approved the proposal for shifting of Registered Office of the Company from the State of Odisha to the State of West Bengal, subject to requisite approval(s).
2. Approved the Postal Ballot Notice for seeking approval of the shareholders for:
a. Shifting of Registered office of the Company from the State of Odisha to the State of West Bengal, and
b. Approval of the Scheme of Amalgamation of VISA BAO Limited (‘VBL’) with VISA Steel Limited ('VSL’ or ‘the Company’) and their respective shareholders (‘the Scheme’).
Further in compliance with the provisions of the Companies Act, 2013 read with applicable Rules and Regulation 44 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company has decided to provide the facility to members to exercise their right to vote by electronic means and avail the services of Karvy Computershare Private Limited for the same. |
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