Held on 26 June 2015
Gallantt Ispat announced that the Board of Directors of the Company at its meeting held on 26 June 2015 approved the following -Approved the allotment of 92,15,159 equity shares of Rs 10 each of the Company to the shareholders of Gallantt Udyog in accordance with the scheme of amalgamation of Gallantt Udyog with the Company.
In accordance with the scheme of amalgamation, inter company holding of 1,02,45,592 equity shares held by Gallantt Udyog in the Company has been cancelled.
Approved the issue and allotment of 10,00,000 equity shares of Rs 10 each to strategic investors / other applicants on preferential allotment basis, subject to approval of members of the Company.
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