ISMT has redeemed 0% Series A, foreign currency convertible bonds (FCCB) for $10 million and 0% Series B, FCCB bonds for $10 million along with redemption premium on December 01, 2011 being the due date of redemption. Pursuant to this redemption, the company does not have any outstanding FCCBs.
ISMT is engaged in manufacturing of specialized seamless tubes, alloy steel and proves engineering services. The company also manufactures products such as bearing rings, gear blanks, shifter sleeves, cages for constant velocity joints, swaged and machined axles, threaded and coupled casings, couplings and a host of similar products.
