TAYO ROLLS LTD. - Outcome of Board Meeting

Tayo Rolls Ltd has informed BSE that the Board of Directors of the Company at its meeting held on September 13, 2014 have allotted 5,00,000 (five lakhs) 8.50% non-cumulative Redeemable Preference Shares of Rs. 100/- (Rupees one hundred only) each to Tata Steel Ltd on Preferential basis.