Outcome of AGM
Steel Authority of India Ltd has informed BSE that the members at the 39th Annual General Meeting (AGM) of the Company held on September 22, 2011, inter alia, have accorded to the following:1. Adoption of the audited Profit & Loss Account for the year ended March 31, 2011, the Balance Sheet as at that date and Directors and Auditors Reports thereon.... Change in Directorate
Steel Authority of India Ltd has informed BSE that consequent upon attaining the age of superannuation, Shri Soiles Bhattacharya has ceased to be Director (Finance) on the Board of SAIL w.e.f. August 31, 2011.Further the Company has informed that on nomination by Government of India and the approval by the Board of Directors of Steel Authority of India Limited (SAIL) Shri Anil Kumar Chaudhary has joined as Director (Finance) on the Board... Updates on Scheme of Amalgamation
Steel Authority of India Ltd has submitted to BSE a copy of Synopsis of details of amalgamation with Maharashtra Elektrosmelt Ltd. (For more details kindly refer Corporate Announcements on www.bseindia.com). Updates on amalgamation of Maharashtra Elektrosmelt Limited with Steel Authority of India Limited
Steel Authority of India Ltd has informed BSE that the Ministry of Corporate Affairs has by its order dated June10, 2011 sanctioned the scheme of amalgamation between Maharashtra Elektrosmelt Limited ("MEL") and Steel Authority of India Limited ("SAIL") under Sections 391 to 394 of the Companies Act, 1956 ("Scheme"). The Scheme has become effective from July 13, 2011.... Announces Q1 results
Steel Authority of India Ltd has announced the following results for the quarter ended June 30, 2011:The Unaudited results for the Quarter ended June 30, 2011The Company has posted a net profit of Rs. 8380.60 million for the quarter ended June 30, 2011 as compared to Rs. 11766.50 million for the quarter ended June 30, 2010. Total Income has increased from Rs. 95195.20 million for the quarter ended June 30, 2010 to Rs. 113890.40 million for the quarter ended June 30, 2011. Q1 results on July 29, 2011
With reference to the earlier announcement dated July 19, 2011 regarding Board Meeting on July 29, 2011 for fixing the Record Date in connection with amalgamation of Maharashtra Elektrosmelt Ltd. (MEL) with SAIL, Steel Authority of India Ltd has now informed BSE that the unaudited accounts of the Company for the quarter ended June 30, 2011 (Q1) will also be considered in the Board Meeting to be held on July 29, 2011. Fixes Book Closure for Final Dividend & AGM
Steel Authority of India Ltd has informed BSE that the Register of Members & Share Transfer Books of the Company will remain closed from August 12, 2011 to September 02, 2011 (both days inclusive) for the purpose of Payment of Final Dividend & 39th Annual General Meeting (AGM) of the Company to be held on September 22, 2011. Board Meeting on July 29, 2011 (Amalgamation of Maharashtra Elektrosmelt Ltd (MEL) with Steel Authority of India Ltd (SAIL))
With reference to approval of the Board of the Company (SAIL) and the Ministry of Steel, Government of India to the Scheme of Amalgamation of Maharashtra Elektrosmelt Ltd (MEL) with Steel Authority of India Ltd (SAIL), Steel Authority of India Ltd has now informed BSE as under :"2.0 The Ministry of Corporate Affairs (MCA), New Delhi vide its letter dated June 14, 2011 has now forwarded the Order of the Central Government sanctioning the... Board recommends Final Dividend
Steel Authority of India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on June 24, 2011, inter alia, have recommended a final dividend @ Rs. 1.20 per share, in addition to the interim dividend @ Rs. 1.20 per share already paid, for the financial year 2010-11, thus taking the total dividend to Rs. 2.40 per share of face value of Rs. 10/- per share, subject to approval of shareholders in the AGM. Announces Audited FY 11 results
Steel Authority of India Ltd has announced the following results for the year ended March 31, 2011:The Audited results for the Year ended March 31, 2011The Company has posted a net profit of Rs 49047.40 million for the year ended March 31, 2011 as compared to Rs 67543.70 million for the year ended March 31, 2010. Total Income has increased from Rs 432332.60 million for the year ended March 31, 2010 to Rs 448734.30 million for the year ended March 31, 2011....