Outcome of Board Meeting

| Updated on March 18, 2011 Published on March 18, 2011

Indo Asian Fusegear Ltd has informed BSE that the Board of Directors of the Company at its meeting held on March 17, 2011, inter alia, has approved the following:

1. Redemption of 10% 10,00,000 Preference Shares (Redeemable) of Rs. 10/- each aggregating to Rs. 100 Lacs which was allotted to Heinrich Kopp, GmbH of Germany on February 17, 2001 as per approval of SIA, Ministry of Industry, Govt. of India vide its letter dtd. June 08, 2000 and approval of Reserve Bank of India vide its letter dated Oct 21, 2000.

2. Payment of dividend @ 10% on 10,00,000 Preference Shares for the Financial Year 2010-2011.

Source : BSE - >www.bseindia.com

Published on March 18, 2011
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