BHUSHAN STEEL LTD. - Outcome of Board Meeting

Bhushan Steel Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 14, 2015, inter alia, has considered and approved the following:<BR><BR>1. Appointment of Mr. S. R. Sharma nominated as Nominee Director by the Punjab National Bank.<BR><BR>2. Appointment of Mr. Pankaj Sharma as Independent Additional Director of the Company.<BR><BR>3. Appointment of Mr. Rakesh Singhal as Independent Additional Director of the Company.<BR><BR>4. Approval of Draft Notice of Postal Ballot for passing Special Resolutions for payment of Managerial Remunerations.