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| Exchange Disseminated Time 02/02/2016 15:41:47 | Jindal Stainless Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 02, 2016,
inter alia, has:
1. Approved / taken note of resignation of Mr. Rajinder Parkash Jindal, Executive Director and Mr. Kanwaljit Singh Thind, Independent Director with effect from close of business hours of January 31, 2016;
2. Approved issuance of Cumulative Compulsory Convertible Preference Shares (CCCPS) to the Promoter / Promoter group for an aggregate amount upto Rs.25 Crore on a private placement basis by way of a preferential allotment in terms of the Asset Monetization and Business Reorganization Plan (“AMP”), subject to approval of Shareholders and compliance with applicable SEBI Regulations. |
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