Kanishk Steel Industries Ltd: Secured Creditors to approve Scheme of Arrangement

Kanishk Steel Industries Ltd has informed BSE that the Hon'ble High Court of Judicature at Madras by an order made on January 24, 2011 has directed that a Meeting of Secured Creditors of the Company be convened and held on February 23, 2011., for the purpose of considering, and if thought fit, approving with or without modification(s), the Scheme of Arrangement between Kanishk Steel Industries Ltd ("the Demerged Company"), Gita Renewable Energy Ltd ("the First Resulting company") and Chennai Ferrous Industries Ltd ("the Second Resulting Company") and their respective shareholders.Read More