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| Exchange Received Time 09/09/2017 16:42:39 Exchange Disseminated Time 09/09/2017 16:42:46 Time Taken 00:00:07 | The Board of Directors of the Company at their meeting held on 9th September, 2017, have:
1. Approved the Unaudited Financial Results (Standalone & Consolidated) of the Company for the quarter ended 30th June, 2017.
2. Recommended to the shareholders of the Company for approval through Postal Ballot, the issue and allotment of Non-convertible Debentures upto Rs. 200 Crore (Rupees Two Hundred Crore Only).
3. Appointed Shri Sharad Mahendra as a Whole Time Director of the company w.e.f. September 9, 2017, subject to approval of shareholders through Postal Ballot.
4. Decided to enter into a Joint Venture Agreement with One to One Holdings PTE. LTD. (a Holding Company of Daiwa Steel Tube Industries Co. Ltd, incorporated in Japan), for manufacturing of in-line galvanized tubes, by incorporating a new Indian Private Company with investment upto Rs. 75 Crores and authorized in this regard certain directors/Executives/Finance Committee of the Company to sign the Joint Venture Agreement.
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