With reference to the earlier letter dated April 14, 2016 vide which the Steel Strips Wheels had informed that the meeting of the Board of Directors of the Company is scheduled to be held on April 28, 2016, to consider and approve the Audited Financial Results of the Company for the quarter and year ended March 31, 2016 and to recommend final dividend if any for the financial year ending 2015-16. Further Steel Strips Wheels has informed that the Board of Directors of the Company in the said meeting will also consider the issue of up to 210,000 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.
