Sub: Reclassification Of Erstwhile Promoters

Dear Madam/Sir,
Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 a of our communication dated May 18, 2018, please take note that National Stock Exchange of India Limited (NSE)and BSE Ltd (BSE) vide their letters dated June 25, 2018, has approved the re-classification of erstwhile promoters of the Company i.e. i) Neeraj Singal; (ii) Brij Bhushan Singal; (iii) Ritu Singal; (iv) Aishwarya Singal; (v) Brij Bhushan Singal (HUF); and (vi) Bhushan Infrastructure Private Limited, collectively holding in aggregate 3.47% of paid-up share capital of the Company, provisions of Regulation 31A((5) of SEBI (LODR) Regulations, 2015.

Post re-classification, Bamnipal Steel Limited, a wholly owned subsidiary of Tata Steel Limited, is the sole promoter of the Company holding 72.65% of the paid-up share capital of the Company

Copies of letter received from BSE and NSE are enclosed as Annexure A and B.

This is for your information and record

Pdf Link: Sub: Reclassification Of Erstwhile Promoters

Source : BSE - www.bseindia.com

Published on June 26, 2018

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