PRAKASH STEELAGE LTD. - Outcome of Board Meeting - Addendum

With reference to the earlier announcement dated February 13, 2015 regarding Outcome of Board Meeting, Prakash Steelage Ltd has now informed BSE that in the said Meeting the Board also considered the following :<BR><BR>- The net consideration receivable by Prakash Steelage Limited ("the Company") from the proposed transaction shall be about Rs. 206 crores and post transaction the Company shall hold about 32.5% in the shareholding of the Joint Venture Company. Tubacex S. A. shall infuse a sum of about Rs. 254 crores in the Joint Venture Company towards their shareholding of about 67.5 %.