SHREE GLOBAL TRADEFIN LTD. - 512463 - Outcome Of Board Meeting Dated 28Th January, 2021
1. Accorded consent to enter into a Share Purchase Agreement with Metallurgical Engineering and Equipments Limited & FirstIndia Infrastructure Private Limited to acquire their entire shareholding being 46.12% in the equity shares of Lloyds Steels Industries Limited. 2.The Board has decided to issue and allot by way of Preferential Allotment upto 13,26,21,156 Equity Shares of Re. 1/- each at a premium of Rs. 1.50 each aggregating to Rs 33,15,52,890/- to Metallurgical Engineering and Equipments Limited & FirstIndia Infrastructure Private Limited on Preferential Allotment basis for consideration other than cash i.e. against the acquisition of their collective stake of 46.12 % in the target Company namely Lloyds Steels Industries Limited(LSIL):28-01-2021