Scan Steels has informed that a meeting of the Board of Directors of the Company will be held on April 04, 2015, to consider the allotment of 65,52,000 Equity Shares of Rs 10 each for cash at Rs 50 each (including a premium of Rs 40) to Promoter and Promoters Group (32,60,000 Equity Shares) and to Strategic Investors not forming part of promoter group (32,92,000 Equity Shares), in compliance with Chapter VII of SEBI (ICDR), Regulation, 2009, The Companies Act, 2013, The Securities Contracts (Regulation) Act, 1956, The Depositories Act, 1996 and trading window will be closed from 06.00 pm on April 01, 2015 and will open 24 hours after the outcome of Board Meeting are made public.
The above information is a part of company’s filings submitted to BSE.
