Uttam Value Steels has informed that meeting of the Board of Directors of the Company is scheduled to be held on December 23, 2016, for the purpose of conversion of loan into equity shares to the lenders under Strategic Debt Restructuring (SDR) circular of RBI as per the decision of Joint Lenders Forum (JLF) of the Company through preferential route in terms of SEBI guideline and to obtain the approval from the shareholders to convert loan into equity shares and such other allied matters. Pursuant to the ‘Code of Internal Procedures and Conduct for Prevention of Insider Trading in Uttam Value Steels Securities’, the Trading Window for dealing in the securities of the Company shall remain closed from the start of business hours of December 20, 2016 to closure of business of hours of December 24, 2016.
The above information is a part of company’s filings submitted to BSE.
