Held on 14 August 2014
Orissa Sponge Iron & Steel announced that the Board of Directors of the Company at its meeting held on 14 August 2014, inter alia, has considered / approved the following business:1. Recommended the candidature of 3 Non Executive Directors as Independent Directors for the approval of members at the said AGM.
2. Issue and allotment of 10% Cumulative Non Convertible Redeemable Preference Shares of Rs. 10 each at par on private placement redeemable at the end of 12 years from the date of allotment amounting to Rs. 20 crore.
3. Report of the Cost Auditor.
4. Recommendation of Reappointment of Director retiring by rotation for approval of the members at the AGM.
5. Appointment of Internal Auditors and Cost Auditors.
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