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| Exchange Disseminated Time 09/06/2016 17:39:31 | Jindal Stainless Ltd has informed BSE that a meeting of the Sub Committee of Board of Directors of the Company will be held on June 15, 2016, inter alia, to consider:
- number of equity shares to be issued by the Company to Jindal Stainless (Hisar) Limited ("JSHL") upon conversion of Rs. 366,18,66,570 (Rupees Three Hundred and Sixty Six Crore Eighteen Lakh Sixty Six Thousand Five Hundred and Seventy only) being the amount due and payable by the Company to JSHL as of the 'Appointed Date 1' i.e. close of business hours before midnight of March 31, 2014 as specified in the Composite Scheme of Arrangement amongst the Company, JSHL, Jindal United Steel Limited and Jindal Coke Limited and their respective shareholders and creditor's, as approved by the Hon’ble High Court of Punjab & Haryana at Chandigarh vide its order dated September 21, 2015 (as modified vide order dated October 12, 2015) and fixation of the issue price for the same keeping in view the provisions of Chapter VII of the Securities and Exchange Board of India (Issuance of Capital and Disclosure Requirements) Regulations, 2009.
Further, as per provisions of Company’s approved Code of Conduct and SEBI (Prohibition of Insider Trading) Regulations, 2015, the Trading Window for dealing in securities of the Company will be closed with effect from June 10, 2016 till June 19, 2016 (both days inclusive). |
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