Manaksia Steels has informed that the Board of Directors of the Company at its Meeting held today, which commenced at 12:10 p.m. and concluded at 01:10 p.m., has granted an in-principle approval for incorporation of a wholly owned subsidiary company (a free zone establishment) in Jebel Ali Free Zone, Dubai, UAE. This is in compliance to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The above information is a part of company’s filings submitted to BSE.