Held on 23 October 2015
Steel Strips Wheels announced that the Board of Directors of the Company at its meeting held on 23 October 2015, inter alia, has approved the following:1. Declaration of interim dividend of Rs. 1.50/- per fully paid up equity shares of Rs. 10/- each.
2. Issue and Allot up to 2,07,000 equity shares of Rs. 10/- each to Kalink (Non Promoter Category), @ 640/- per equity share, by way of preferential allotment basis, under the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009 and its subsequent amendments made from time to time and other applicable rules, regulations and guidelines and subject to the approval of Shareholders, Statutory Authorities/ Regulatory authorities or any other approval as may be required.
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