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Shimoga Technologies outcome of board meeting

01 Feb 2013 Evaluate

Shimoga Technologies has informed that the board of directors of the company at its meeting held on January 31, 2013, have taken note of the withdrawal of consent accorded by Smiths & Founders (India) for its merger with Shimoga Technologies consequent to direction of the Hon. BIFR for scaling down the capital reduction of the company from the proposed 90% to 60%.

The above information is a part of company’s filings submitted to BSE.

Peers
Company Name CMP
Bharat Forge 2010.95
Ramkrishna Forgings 716.60
MM Forgings 618.50
Happy Forgings 2104.70
Balu Forge Inds. 500.35
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