MODERN STEELS LTD. - Outcome of Board Meeting

Modern Steels Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 28, 2013, inter alia, have took the following decisions :<br/><br/>1. Re-appointed Mr. Amarjit Goyal as Chairman and Whole Time Director of the Company for a period of three years w.e.f. June 29, 2013 and the members approved the terms of his appointment including remuneration.