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Monday, March 28, 2011

National Steel and Agro Industries Ltd: Outcome of Board Meeting

National Steel and Agro Industries Ltd has informed BSE that on receipt of balance amount on exercise of conversion option of 1,18,97,058 warrants, the Board at its meeting held on March 28, 2011 has, inter alia, allotted 1,18,97,058 equity shares of Rs. 10/- each of the Company to certain promoters, their relatives and associates (Promoter Group) and other persons/entities (Non Promoter Group).

Post such allotment the paid-up capital of the Company has increased to Rs. 44,50,00,000/- divided into 4,45,00,000 equity shares of Rs. 10/- each.

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