Outcome of board meeting of Ashirwad Steels & Industries

Held on 23 September 2016

Ashirwad Steels & Industries announced that the Board of Directors of the Company at its meeting held on 23 September 2016 approved investment of up to Rs 10 crore in buying/ acquiring / investing in the equity shares of the Company's group/ associated companies and/ or in the companies in which the directors have substantial interest and further investment of upto Rs 5 crore in acquiring/ buying/ investing in the non- cumulative redeemable preference share capital of Non group / Non Associated companies.

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