JINDAL STAINLESS LTD. - Outcome of Board Meeting

Jindal Stainless Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 08, 2014, inter alia, has approved the report to be submitted under Section 23 of the Sick Industrial Companies (Special Provisions) Act, 1985, subject to the consent of shareholders in the forthcoming annual general meeting.<br/><br/>The Board of Directors has further advised the Reorganization Committee to expedite the process of exploring various options with the concerned stakeholders as per mandate given by the Board at its meeting held on February 10, 2014. Once the option is finalized and approved by the Board, the Company will intimate the Stock Exchanges.