ELECTROSTEEL STEELS LTD. - Outcome of Board Meeting

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13 Nov 2014
Electrosteel Steels Ltd has informed BSE that the Board of Directors of the Company at its meeting held on November 13, 2014, inter alia, have considered and approved the following:<br/><br/>1. Preferential Allotment of 52.30 lakhs Equity Shares of Rs. 10 each aggregating to Rs. 5.23 crores to Electrosteel Castings Limited, Promoter Company, under Corporate Debt Restructuring (CDR) Scheme, subject to approval of the shareholders of the Company and such other approvals as may be required in connection thereof.<br/><br/>2. Payment of remuneration to Mr. Rama Shankar Singh, Whole Time Director of the Company, subject to approval of the shareholders of the Company and such other approvals as may required in connection thereof.
View all announcements for ELECTROSTEEL STEELS LTD.	Source: BSE India

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