Resolution Plan - Reduction of Share Capital & suspension of trading in equity shares of Narayani Steels Limited (Scrip Code 540080).

• Notice No: 20220331-42
• Notice Date: 31 Mar 2022
• Category: Corporate Actions
• Segment: Equity

Trading members of the Exchange are hereby informed that, Narayani Steels Limited has fixed the Record Date for the purpose of the Reduction of share capital and consequent Consilidation of equity shares of the Company as per the Resolution Plan approved by the Hon’ble National Company Law Tribunal, Kolkata bench:                                               

COMPANY NAME  & CODE	RECORD DATE	PURPOSE	NO DEALINGS  FROM DATE & SETT. NO.
Narayani Steels Limited (540080)	08/04/2022	As per the Resolution Plan approved by Hon’ble NCLT, Kolkata Bench,  under provision of Insolvency & Bankruptcy Code 2016 provides as follows:  Reduction and Consolidation of Share Capital: The existing issued and paid-up Share Capital of the Company being 1,09,09,000 of Rs.10/- aggregating to Rs. 10,90,90,000/- shall be reduced to 1,09,09,000 equity shares of Rs.0.50 aggregating Rs. 54,54,000/- i.e. the Face Value of equity share shall be Reduced from Rs.10 each to Re.0.50 each.   After Reduction of Face Value of Existing shares to Re.0.50 per share, 1,09,09,000 equity shares of Re.0.50 each shall be consolidated into 5,45,450 equity shares of Rs.10/-  each.	07/04/2022 DR- 007/2022-2023

Trading Members of the Exchange are requested to take note of it.

Mangesh Tayde

Assistant General Manager –Listing Operations (CRD)

March 31, 2022