GYSCOAL ALLOYS LTD. - 533275 - Intimation About Typographical Error In The Outcome Of Right Issue Committee Meeting.
With reference to above captioned matter, this is to bring to your kind notice that On-Market Renunciation Date and Issue Closing Date read as Monday, January 09, 2023 and Thursday, January 12, 2023 instead of Monday, January 09, 2022 and Thursday, January 12, 2022. There was typographical error of year, other things remains same. GYSCOAL ALLOYS LTD. - 533275 - Update On The Record Date
We would like to inform you that in continuation to our outcome of the Rights Issue Committee Meeting held on December 19, 2022 have inter alia, considered and approved the following: - Record Date to be considered as on Friday, December 23, 2022 GYSCOAL ALLOYS LTD. - 533275 - Board Meeting Outcome for Outcome Of Right Issue Committee Meeting
We would like to inform you that in continuation to our outcome of the Rights Issue Committee Meeting held on December 19, 2022 have inter alia, considered and approved the following: - Record Date to be considered as on Friday, December 23, 2022 and other details are mentioned in the outcome. GYSCOAL ALLOYS LTD. - 533275 - Disclosure Under The Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015. Ref.: The Government Has Cut The Export Duty On Steel Products And Iron Ore To Nil With Effect From November 19, 2022
We wish to inform you that Government of India has recently removed the 15% 'Export Duty' on Steel Exports; this sector is prised for major jump in exports to Middle East, Africa and other Markets. This will create positive impact on the 'Growth' of Steel Exporting Companies and benefit their bottom line. As a result of removal of Export duty company will start again exports to various countries, which resulting in high profitability. Our Company will grab this opportunity by gearing up its production capacity and will promote its stainless steel products in the global market. This will increase Export and profitability of the Company. Our Company is debt free mid size stainless steel producer with assets size of over 100 crore and manufacturing a wide range of steel products like Bright Bar, Black Bar, Angles, Ingots, billets and other products which have very high demand in the export markets. Company expect a top line of 300 crore EBIDTA of 15-18 in the year 2023. GYSCOAL ALLOYS LTD. - 533275 - Board Meeting Intimation for Prior Intimation Of Meeting Of The Rights Issue Committee Of Gyscoal Alloys Limited ('The Company') In Terms Of Regulation 29 Of The Securities And Exchange Board Of India Listing Obligations And Disclosure Requirements Regulations, 2015, As Amended.
GYSCOAL ALLOYS LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 19/12/2022 ,inter alia, to consider and approve In accordance with Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, notice is hereby given that a meeting of the Rights Issue Committee of the Company is scheduled to be held on Monday, December 19, 2022 shall inter alia to consider the following business: 1. To consider and approve the terms of the rights issue such as Issue Price, Ratio, Record date, Issue opening date and issue closing date. 2. To transact any other matter with the prior approval of the Chairman of the Committee. You are requested to take the same on your record. GYSCOAL ALLOYS LTD. - 533275 - Board Meeting Outcome for Outcome Of The Right Issue Committee Meeting Of The Company
With reference to our letter dated December 07, 2022 regarding intimation of Meeting of Right Issue Committee which is scheduled to be held on Saturday, December 10, 2022 to consider and approve the terms of the rights issue such as Issue Price, Ratio, Record date, Issue opening date and issue closing date, we hereby inform you that committee has not decided and approved terms of the rights issue such as Issue Price, Ratio, Record date, Issue opening date and issue closing date in the said Meeting. Members took note of In-principle approval received from both the Stock Exchanges. You are requested to kindly take note of the above intimation. GYSCOAL ALLOYS LTD. - 533275 - Board Meeting Intimation for Prior Intimation Of Meeting Of The Rights Issue Committee Of Gyscoal Alloys Limited ('The Company') In Terms Of Regulation 29 Of The Securities And Exchange Board Of India Listing Obligations And Disclosure Requirements Regulations, 2015, As Amended.
GYSCOAL ALLOYS LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 10/12/2022 ,inter alia, to consider and approve In accordance with Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, notice is hereby given that a meeting of the Rights Issue Committee of the Company will be held on Saturday December 10, 2022 shall inter alia to consider the following business: 1. To consider and approve the terms of the rights issue such as Issue Price, Ratio, Record date, Issue opening date and issue closing date. 2. To transact any other matter with the prior approval of the Chairman of the Committee. You are requested to take the same on your record. GYSCOAL ALLOYS LTD. - 533275 - Disclosure Under Regulation 23(9) Of Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations, 2015 ('The Listing Regulations").
Pursuant to Regulation 23(9) of SESI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are enclosing herewith the disclosure of Related Party Transaction on Consolidated basis and balances for the half year ended September 30, 2022 You are requested to take the same on your record. GYSCOAL ALLOYS LTD. - 533275 - Intimation Of Draft Letter Of Offer For Right Issue.
With reference to above mentioned Subject, we wish to inform that Company has filed Draft Letter of Offer with Both the Stock Exchange i.e. BSE and NSE and copy of the same is attached herewith for reference and record. You are requested to take the above disclosure on record. Thanking you. GYSCOAL ALLOYS LTD. - 533275 - Submission Of Outcome Of Right Issue Committee In Compliance With The Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 ('Listing Regulations').
With reference to above mentioned Subject, the Company wish to inform that Right Issue Committee of the Company at their today's Meeting i.e. Thursday, November 17, 2022 has finalised and approved Draft Letter of Offer (DLOF) for Right issue of amounting aggregating up to ? 4950.00 Lakhs. Further, Committee has authorized Lead Manager Fedex Securities Private Limited (SEBI Reg. No. NM000010163) to file DLOF with SEBI and take In-Principle approval from the Stock Exchange i.e. BSE, NSE on behalf of the Company. You are requested to take the above disclosure on record.