Outcome of Board Meeting

| Updated on August 25, 2014 Published on August 25, 2014

Orissa Sponge Iron & Steel Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 14, 2014, inter alia, has considered / approved the following business:

1. Recommended the candidature of 3 Non Executive Directors as Independent Directors for the approval of members at the said AGM.

2. Issue and allotment of 10% Cumulative Non Convertible Redeemable Preference Shares of Rs. 10 each at par on private placement redeemable at the end of 12 years from the date of allotment amounting to Rs. 20 crores.

3. Report of the Cost Auditor.

4. Recommendation of Reappointment of Director retiring by rotation for approval of the members at the AGM.

5. Appointment of Internal Auditors and Cost Auditors.

Source : BSE - >www.bseindia.com

Published on August 25, 2014
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