Sunflag Iron & Steel Company has informed that the Board of Directors of the Company at its meeting held on May 29, 2012, has noted and ratified, the withdrawal of nomination by IDBI Bank Limited of Naresh J. Gwalani and instead appointed B. W. Ramteke (General Manager, Management Information System Department, IDBI Bank Limited, Mumbai) effective from May 28, 2012.
The above information is part of company’s filing submitted to the BSE.