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Jindal Strips fixes record date for scheme of arrangement

 Jindal Strips Ltd has fixed September 16, 2003 as the record date for the purpose of allotment of shares in terms of scheme of arrangement & demerger and for allotment of bonus shares in terms of scheme of arrangement between Jindal Strips & Jindal Stainless Ltd. As per the scheme of arrangement for every 2365 equity shares held by shareholders of Jindal Strips Ltd Jindal Stainless will allot to them 1723 fully paid up equity shares of Rs...
11-08-2003
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Jindal Strips announces Change in Board of Directors

 Jindal Strips Ltd has informed BSE that pursuant to Scheme of Arrangement and Demerger between Jindal Strips Ltd and Jindal Stainless Ltd the stainless steel undertaking of Jindal Strips Ltd with all the properties, assets, rights and power shall stands transferred to and vest in Jindal Stainless Ltd, without further act and deed wef April 1, 2002. Henceforth, all the manufacturing activities of stainless steel would be carried out by Jindal Stainless Ltd....
04-08-2003
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Jindal Strips Clarifies on news item

 With reference to the news item appearing in a leading financial daily titled "JSL Eyes Chinese Mart, Scouts for JV Partners" Jindal Strips Ltd has informed BSE that the company examines/pursues various opportunities in different areas, from time to time on a continuing basis and it is not practicable to comment upon every opportunity at every stage, unless finalized.
22-07-2003
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Jindal Strips - proposed investment by CVC International by conversion of FCCB

 Jindal Strips Limited has informed BSE that it has received a non-binding in-principle letter of interest from CVC International (CVC), a unit of Citigroup Global Investments, for investing upto US$10 million towards their intended purchase of outstanding Foreign Currency Convertible Bonds (FCCBs) from existing holders, with the objective of converting these bonds into equity shares of Jindal Stainless Ltd (the Company), post demerger....
15-07-2003
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Jindal Strips-Punjab & Haryana Court approves Scheme of Arrangement & Demerger

 Jindal Strips Ltd informs BSE that the Punjab & Haryana High Court, Chandigarh has approved the Scheme of Arrangement & Demerger vide which the Stainless Steel Undertaking of the company would be transferred to Jindal Stainless Ltd wef April 1, 2002. The said scheme of Arrangement & Demerger would enable Jindal Stainless Ltd a focussed Stainless Steel Company....
01-07-2003
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Jindal Strips scheme of arrangement approved by shareholders

 Jindal Strips Ltd has informed BSE that the shareholders unsecured creditors and secured creditors at their meeting held on April 25, 2003 approved the scheme of arrangement. Earlier the High Court had convened a meeting of the shareholders and creditors on April 25, 2003 to approve the proposed Scheme of Restructuring vide which the entire stainless steel operations of the Company will be transferred to Jindal Stainless Ltd., and the Investments...
26-04-2003
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Jindal Strips Board approves interim dividend

 The Board of Directors of Jindal Strips Ltd at their meeting held today (April 16, 2003) has approved payment of interim dividend on equity shares of the company @60% (Rs 6 per equity share of Rs 10 each) for the financial year 2002-2003.
16-04-2003
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Jindal Strips Board approves payment of Interim Dividend on Pref Shares

 Jindal Strips Ltd has informed BSE that Sub-Committee of Directors of the Company in its meeting held today (March 24, 2003) has approved payment of interim Dividend on privately placed 10.5% Redeemable Cumulative Non Convertible Preference Shares of Rs 200 million for the year ending March 31, 2003 in pursuance of contractual obligation.
24-03-2003
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Jindal Strips Board to consider Interim Dividend on Pref Shares

 Jindal Strips Ltd has informed BSE that a meeting of Sub Committee of the Board of Directors is scheduled on March 24, 2003 to consider payment of Interim Dividend on Privately placed 10.5 % Redeemable Cumulative Non Convertible Preference Shares of Rs 200 million for the year ended March 31, 2003 in pursuance of contractual obligation.
12-03-2003
Bigul

Jindal Strips clarifies on news item

 With reference to the news article appearing in a leading financial daily titled "Jindal Strips to sell US steel plant for $8m" Jindal Strips Ltd has informed BSE that the Company is examining and negotiation proposal for sale of Massillon Stainless Inc. USA, but the proposal is still pending.
26-02-2003
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