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| Exchange Disseminated Time | MSP Steel & Power Ltd has informed BSE that M/s. B. Chhawchharia & Co., Statutory Auditor of the Company has resigned from the post of auditor on & w.e.f. April 02, 2014 thereby causing Casual Vacancy in the post of the Statutory Auditor of the Company. The Board of Directors of the Company after considering the recommendations of the Audit Committee at its meeting held on April 24, 2014 appointed M/s. Sunil Kumar Agrawal & Associates, Chartered Accountants, as statutory auditor of the Company u/s 139 of the Companies Act, 2013 who shall hold office upto the conclusion of the next Annual
General Meeting of the Company.
The Board also decided pursuant to Section 61 of the Companies Act, 2013 and subject to approval of shareholders at the general meeting the Authorised Share Capital of the Company be increased from Rs. 117,00,00,000/- (Rupees One Hundred & Seventeen Crore Only) divided into 9,60,00,000 (Nine crore sixty lacs) equity shares of Rs. 10/- (Rupee Ten) each & 2,10,00,000/- (Two Crore ten lac) 6% Non Cumulative redeemable preference shares of Rs. 10/- (Rupee Ten) each to Rs. 132,00 00,000/- (Rupees One Hundred & thirty two Crore Only) divided into 9,60,00,000 (Nine crore sixty lacs) equity shares of Rs. 10/- (Rupee Ten) each & 3,60,00,000/- (Three Crore sixty lac) 6% Non Cumulative redeemable preference shares of Rs. 10/- (Rupee Ten) each. |
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