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| Exchange Disseminated Time 26/03/2016 15:47:43 | Steelcast Ltd has informed BSE that pursuant to the resolution passed by the shareholders at the EGM held on March 17, 2016 and In-principle approval received from the BSE Limited vide its letter dated March 18, 2016, the meeting of
the Board of Directors of the Company held on March 26, 2016, inter alia, the following matters have been considered and approved by the Board of Directors:
- allotment of 20,24,000 equity shares of face value Rs. 5/- each ("Equity Shares") at a price of Rs. 60 per Equity Share (including a premium of Rs. 55 per Equity Share) on preferential basis to Non Promoter Investors in accordance with
Section 42 of the Companies Act, 2013 (including the rules made thereunder) and Chapter VII of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended.
Pursuant to the above allotment of Equity Shares, the paid up equity share capital of the Company stands increased to Rs. 10,12,00,000/- (Ten Crore Twelve Lac Only). |
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