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Star Ferro and Cement: Outcome of Board Meeting


With reference to the Scheme of Amalgamation of Star Ferro and Cement Limited (Transferor Company) with Star Cement Limited (Transferee Company) as sanctioned by the Guwahati Bench of the Honble National Company Law Tribunal (NCLT) on 7th February, 2017, we would like to inform you that the Board of Directors of Star Cement Limited (Transferee Company) at their meeting held today i.e., 8th April, 2017 have issued and allotted 29,54,90,077 Equity Shares of Re.1/- each to the Shareholders of Star Ferro and Cement Limited as on ?Record date i.e., 3rd April, 2017 (Monday) in the ratio of 1.33 Equity Share of Re.1/- each fully paid up for every 1 Equity Share of Re.1/- each fully paid up held in Star Ferro and Cement Limited as on Record date.