STEELCO GUJARAT LTD. - Outcome of Board Meeting

Steelco Gujarat Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 21, 2014 approved the allotment of 7% 34,86,200 Cumulative Non-Convertible Redeemable Preference Shares of Rs. 10/- each to the Promoter on private placement basis in implementation of CDR approved Scheme.