Others

Outcome of Circular Resolution

| Updated on March 25, 2013 Published on March 25, 2013

Bhushan Steel Ltd has informed BSE that the Board of Directors of the Company accorded their approval by Circular resolutions passed on March 23, 2013 in respect of the following:

1. To redeem Unlisted 45,000 4% non-convertible, cumulative redeemable preference Shares of Rs. 100/- each and pay the dividend at the contracted rate till the date of redemption.

2. To pay the Interim dividend for the financial year 2012-13 on Unlisted Redeemable cumulative preference as under-

i. 77,95,267 10% Redeemable cumulative preference shares of Rs. 100 each (Series I, Series II, Series V and Series VI);

ii. 4,00,000 25% Non-convertible cumulative redeemable preference shares of Rs. 100 each (Series III) and

iii. 3,54,000 4% Non-convertible cumulative redeemable preference shares of Rs. 100 each (Series IV).

Source : BSE - www.bseindia.com

Published on March 25, 2013
This article is closed for comments.
Please Email the Editor