Steelcast has informed that the Board of Directors of the Company at its meeting held on February 17, 2016, has considered and approved the Preferential issue up to 2,024,000 Equity Shares of Rs 5 each of the Company at a price of Rs 60 (including premium of Rs 55) per equity share to Non Promotes Investors, subject to the approval of the share holders of the Company in the Extraordinary General Meeting of the Company on the terms and conditions as prescribed under SEBI (ICDR) Regulations, 2009; and notice of the Extraordinary General Meeting of the Company.
The above information is a part of company’s filings submitted to BSE.
