| 4 Jun 2013 13:38 | Suspension of trading in equity shares |
Members of the Exchange are hereby informed that the trading in equity shares of JSW ISPAT Steel Limited and trading in 0.01% Cumulative Redeemable Preference Shares (Series: P1; ISIN: INE136A04034) shall be suspended w.e.f. June 11, 2013 (i.e. closing hours of trading on June 10, 2013) on account of Scheme of Amalgamation with JSW Steel Limited. |
| 3 Jun 2013 14:06 | Record Date |
JSW Steel Limited ("The Company") has informed the Exchange as follows : The Company has fixed June 12, 2013 as the record date (the "Record Date") for the purpose of drawing up the list of shareholders of JSW Ispat Steel Limited (JSWISL) to whom equity shares and 0.01% cumulative redeemable preference shares of the Company will be issued and allotted pursuant to and in terms of the Scheme. In terms of the sanctioned Scheme, the shareholders of the transferor company i.e. JSWISL will be issued shares of the Company in the following ratio: (1) For every 72 (Seventy Two) fully paid-up equity shares of face value of Rs.10/- (Rupees Ten Only) each held in JSWISL, as on the Record Date, every equity shareholder of JSWISL will be entitled to receive 1 (One) equity share of face value of Rs.10/- (Rupees Ten only) each of the Company, credited as fully paid-up; and (2) For every 1 (One) 0.01% fully paid-up cumulative redeemable preference share of face value of Rs.10/- (Rupees Ten only) each held in JSWISL, as on the Record Date, every 0.01% cumulative redeemable preference shareholder of JSWISL will be entitled to receive 1 (one) 0.01% cumulative redeemable preference share of face value of Rs.10/- (Rupees Ten only) each of the Company, having the same rights and terms, and credited as fully paid-up. |
| 3 Jun 2013 06:14 | Scheme of Arrangement |
JSW ISPAT Steel Limited has informed the Exchange with reference to the Company's earlier communication dated May 08, 2013 informing the sanctioning of the Composite Scheme of Amalgamation and Arrangement amongst JSW ISPAT Steel Limited ("JSWISL"), JSW Building Systems Limited, JSW Steel Coated Products Limited and JSW Steel Limited and and their respective shareholders and creditors (the "Scheme") by the Hon'ble High Court of Judicature at Bombay. The Company has now informed the Exchange that in terms of Section 391(3) read with Section 394(3) of Companies Act, 1956, the Scheme has become effective from June 01, 2013, upon filing of the certified copy of the Order of the Hon'ble High Court of Bombay with the Registrar of Companies, Maharashtra, Bombay. The Appointed Date, in terms of the Scheme, is July 01, 2012. |
| 22 May 2013 08:54 | Reappointment |
JSW ISPAT Steel Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on May 21, 2013, approved re-appointment of Mr. B. K. Singh, Chief Executive Officer, for a period of one year effective May 01, 2013. |
| 22 May 2013 03:06 | Outcome of Board Meeting |
JSW ISPAT Steel Limited has informed the Exchange that the Board of Directors at their meeting held May 21, 2013 has not recommended any dividend of the Company's equity and preference shares for the financial year ended 31st March, 2013. |
| 22 May 2013 03:02 | Acquisition |
JSW ISPAT Steel Limited has informed the Exchange that the Board of Directors of the company at its meeting held on May 21, 2013, approved the proposed acquisition of the cement grinding facility of Heidelberg Cement India Limited at Dolvi, Dist. Raigad, Maharashtra, adjacent to the company's steel plant. The acquisition is proposed by way of a 'slump sale' and shall be subject to obtaining necessary approvals and completion of due diligence. The cement grinding facility has an installed capacity of 0.60 MTPA and its acquisition would enable the company develop a stable outlet for evacuation of slag apart from creating additional grinding facility for consumption / disposal of slag. |
| 22 May 2013 02:58 | Financial Result Updates |
JSW ISPAT Steel Limited has submitted to the Exchange the Standalone and Consolidated Financial Results for the period ended March 31,2013. |
| 8 May 2013 12:14 | Scheme of Arrangement |
JSW ISPAT Steel Limited has informed the Exchange regarding Sanction of the Composite Scheme of Amalgamation and Arrangement amongst JSW ISPAT Steel Limited and JSW Building Systems Limited and JSW steel Coated Products Limited and JSW Steel Limited and their respective shareholders and creditors Sections 391 to 394 of Companies Act, 1956. |
| 16 Apr 2013 07:54 | Disclosure under Insider Trading Regulation |
JSW ISPAT Steel Limited has submitted to the Exchange vide its letter dated April 15, 2013 a copy of disclosure pursuant to Regulation 13(4), 13(4A) and 13(6) of the SEBI (Prohibition of Insider Trading) Regulations, 1992. |
| 11 Apr 2013 14:26 | Disclosure under Insider Trading Regulation |
Ispat Steel Holdings Limited has submitted to the Exchange vide its letter dated April 04, 2013 a copy of disclosure pursuant to Regulation 13(4), 13(4A) and 13(6) of the SEBI (Prohibition of Insider Trading) Regulations, 1992. |
