Steelcast has informed that the board of directors of the company at its meeting held on May 12, 2013, has considered and approved, subject to approval of the shareholders at the ensuing Annual General Meeting, a dividend of Rs. 1.80 per equity share of Rs. 5 (i.e. 36%) for the financial year 2012-13 and has issued and allotted 792,000 fully paid up equity shares of Rs. 5 each (including 396,000 bonus shares) to M/s. Rushil Industries Limited upon conversion of 198000 warrants of Rs. 10 each allotted earlier on preferential basis.
With this allotment, the paid up capital of the Company stands increased from Rs. 8,71,20,000 comprising 1,74,24,000 equity shares of Rs. 5 each to Rs. 9,10,80,000 comprising 1,82,16,000 equity shares of Rs. 5 each.
The above information is a part of company’s filings submitted to BSE.
