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| Exchange Disseminated Time 24/01/2017 16:18:11 | With reference to the earlier letter dated December 23, 2016, January 13, 2017 and January 19, 2017 regarding intimation about Outcome of Board Meeting / Sub-Committee meeting and Notice of EGM.
Jindal Stainless Ltd has now informed BSE that the Board of Directors of the Company, by passing a resolution through circulation on January 24, 2017 has decided to withdraw agenda item No. 4 with respect to issuance of 10,86,95,650 (Ten Crore Eighty Six Lac Ninety Five Thousand Six Hundred Fifty) Compulsory Convertible Debentures ("CCDs") of the Company for an aggregate amount of approx. Rs. 425 Crore on preferential basis to promoter group companies namely, Jindal Stainless (Hisar) Limited (JSHL), Jindal United Steel Limited (JUSL) and Jindal Coke Limited (JCL) from the EGM Notice for the time being.
The Company is sending requisite addendum to all the shareholders of the Company about the above withdrawal of the agenda item No. 4 of the EGM Notice and other changes in the EGM Notice consequent to the said withdrawal of agenda item no. 4. Accordingly the said item shall not be taken up for voting at the Extra-Ordinary General Meeting of the Company scheduled to be held on February 11, 2017. |
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