Narayani Steels has informed that equity shares of the Company be reduced to 5,45,450 equity shares after reduction in face value from Rs 10 per shares to Rs.0.50 and thereafter consolation of 20 (Twenty) equity shares of Rs.0.50 per shares into 1(one) equity share of Rs.10 each ranking pari-passu in all respect. In this regard, we seek in-principal approval for listing of 5,45,450 equity shares.
The above information is a part of company’s filings submitted to BSE.