This has reference to our earlier announcement dated 29.01.2022, vide which we have informed that the total no. of shares pledged by Promoter and Promoter Group with lenders of the Company has became NIL and balance 9,20,000 equity shares of Rs 5/- each (0.65% of paid up capital of 14,09,44,988 Equity Shares of Rs. 5/- each) pledged with lenders of Hira Ferro Alloys Limited (A Subsidiary Company) shall be released shortly.
We would like to inform you that the aforesaid 9,20,000 equity shares of Rs 5/- each have been released by lender of Hira Ferro Alloys Limited on 25.04.2022.
Consequently, the total no. of shares pledged by Promoter and Promoter Group has became NIL.
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