Sunflag Iron & Steel Company has informed that the Board of Directors of the Company at its meeting held on September 11, 2014, has approved the issue and allotment of 1,80,21,945 (One Crore Eighty Lacs Twenty One Thousand Nine Hundred Forty Five) equity shares of Rs. 10 (Ten) each at a premium of Rs. 21 (Twenty One) to Daido Steel Co. Ltd., Japan on preferential basis.
The above information is a part of company’s filings submitted to BSE