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Electrosteel Castings informs about committee meeting and closure of trading window

18 Jan 2024 Evaluate
Pursuant to Regulation 29 and other applicable Regulations of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Electrosteel Castings has informed that a Meeting of the Banking and Authorisation Committee of the Board of Directors of the Company is scheduled to be held on Wednesday, 24 January, 2024, to consider and approve the proposal of conversion of 2,35,79,344 Warrants into equal number of Equity Shares of face value of Re 1 each of the Company under the applicable laws, subject to such regulatory/statutory approvals as may be required upon receipt of balance 75% of the issue price per warrant from the subscribers of warrants of an amount aggregating to Rs 75,00,58,932.64. Further as intimated vide its letter dated 27 December, 2023 and pursuant to the Company's Code of Conduct for Regulating, Monitoring and Reporting Trading by Designated Persons and their Immediate Relatives ('the Code'), the trading window for dealing in the securities of the Company has been and shall remain closed for all designated persons and their immediate relatives, as covered under the Code, from 1 January, 2024 and shall open 48 hours after the Unaudited Financial Results of the Company for the quarter and nine months period ended 31st December, 2023 are submitted to the Stock Exchanges.

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

Electrost Castings Share Price

78.17 -2.51 (-3.11%)
20-Apr-2026 15:27 View Price Chart
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