Steel Strips Wheels has informed that the Board of Directors of the Company at its meeting held on October 23, 2015, has approved the declaration of interim dividend of Rs 1.50 per fully paid up equity shares of Rs 10 each, and issue and allot up to 2,07,000 equity shares of Rs 10 each to Kalink Co. (Non Promoter Category), at the rate of 640 per equity share, by way of preferential allotment basis, under the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009 and its subsequent amendments made from time to time and other applicable rules, regulations and guidelines and subject to the approval of Shareholders, Statutory Authorities/ Regulatory authorities or any other approval as may be required.
The above information is a part of company’s filings submitted to BSE.
