Steel Strips Wheels has informed that the Board of Directors of the Company at its meeting held on June 10, 2016 allotted 209525 equity shares of Rs 10 each to Kalink Co. (Non Promoter Category), at Rs 640 per equity share, by way of preferential allotment basis, under the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009 and applicable provisions of the Companies Act, 2013. With the said allotment, the Issued and Paid up Capital of the Company increased from Rs 152591700 to Rs 154686950 comprising 15468695 equity shares of Rs 10 each.
The above information is a part of company’s filings submitted to BSE.
