JSW Steel annuls forfeiture of shares

JSW Steel Ltd has announced that the Board of Directors of the Company at its meeting held on January 22, 2007, has annulled the forfeiture in respect of 1400 equity Shares (prior to giving effect to the Scheme of Arrangement and Amalgamation between the Company, Jindal Iron and Steel Company Ltd and Jindal South West Holdings Ltd) and 600 equity Shares of erstwhile Jindal Iron & Steel Company Ltd resulting in issue of 61 and 600 equity shares post Scheme of Arrangement and Amalgamation. Forfeiture of these shares ha been annulled after having confirmed proper particulars of payment of call money from the respective shareholders.

Subsequent to the issue of the aforesaid shares, the paid up Equity share capital of the Company has now gone up from Rs 1569781480 (156978148 shares of Rs 10/- each) to Rs 1569788080 (156978808 Shares of Rs 10/- each).

Source : Equity Bulls

Keywords