Facor Steels has informed that a meeting of the Board of Directors of the Company will be held on March 14, 2013, inter alia, to approve the allotment of 7,78,000 5% Redeemable Cumulative Preference Shares to Promoters Group Entities and to file the necessary returns with ROC and to complete necessary formalities in this connection.
The above information is a part of company’s filings submitted to BSE.