At meeting held on 25 August 2014
Star Ferro and Cement (SFCL) announced that the Board of Directors of the Company at its meeting held on 25 August 2014 has approved the scheme of arrangement between the Company (SFCL) and Shyam Century Ferrous (SCFL) and their respective shareholders providing for demerger of ferro alloys division of SFCL to SCFL with effect from 01 April 2014 (Appointed date).SCFL is a new company and is the wholly owned subsidiary of SFCL. The remaining business interest of SFCL, including manufacturing of cement will continue to belong to and be managed by SFCL.
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