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| Exchange Disseminated Time 18/01/2016 12:51:54 | Steel Strips Wheels Ltd has informed BSE that the Board of Directors of the Company at its meeting held on January 18, 2016 have approved the followings:
1. Issue of 2,08,650 equity of Steel Strips Wheels Limited of Rs. 10/- each to Kalink Co. Ltd. (Non Promoter Category), @ 640/- per equity share, by way of preferential allotment, under the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009 and its subsequent amendments made from time to time and other applicable rules, regulations and guidelines and subject to the approval of Shareholders, Statutory Authorities/ Regulatory authorities or any other approval as may be required.
2. Policy on materiality information.
3. Policy regarding preservation of documents.
4. Forfeiture of 50,000 options which was granted under "Steel Strips Wheels Limited - Employees Stock Option Scheme, 2014" (herein after referred as "ESOS 2014" or "the Scheme"), Now only 1,00,000 (one lac) options are outstanding as on date.
5. Authorize officials to sign and execute fresh listing agreements with BSE & NSE.
6. Pursuant to regulation 30(5) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 the key Managerial Personnel (KMP) of the Company have been authorized by the Board of Directors of the Company for determining the materiality of events or information and for the purpose of making requisite disclosures to the Stock Exchanges in terms of Regulation 30. |
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