Electrosteel Castings Ltd

Electrosteel Castings Recommends Dividend Of Rs 0.50 per share The board of Electrosteel Castings in its meeting held on 10 May 2013 has recommended dividend of Re 0.50 per share (50%) subject to approval of the Shareholders.

Electro steel Castings - Outcome of Board Meeting On 10 May 2013 The board meeting of Electro steel Castings will be held on 10 May 2013, to consider the statement of accounts of the company and recommended of dividend for the financial year ended 31 March 2013.

Electrosteel Castings appoints chief financial officer, company secretary & compliance officer Vide resolution passed by circulation dated 18 December 2012 Anand Kumar Kanodia has been appointed as chief financial officer and company secretary of Electrosteel Castings by the board vide resolution passed by circulation dated 18 December 2012 under section 289 of the Companies Act, 1956. Anand Kumar Kanodia has also been appointed as compliance officer of the company.

Electrosteel Castings appoints compliance officer With effect from 12 November 2012 Electrosteel Castings has announced that Jyoti Jain, company secretary has resigned from the services of the company with effect from 20 October 2012. In view of his resignation, P S Nagi, associate vice president (F&A) has been appointed as compliance officer of the company with effect from 12 November 2012.

Electrosteel Castings to issue NCDs Upto Rs 300 crores The board of Electrosteel Castings at its meeting held on 12 November 2012 has approved the issue of fresh capital by way of equity shares, equivalent foreign currency convertible bonds, warrants and/or any other convertible instrument upto Rs 300 crores. The board has approved the issue of non convertible debentures (NCDs) upto Rs 300 crores through private placement subject to applicable regulations and approvals as may be required.

Electrosteel Castings recommends dividend Of 50% The board of Electrosteel Castings in its meeting on 28 May 2012 has recommended dividend at the rate of Re 0.50 per share (50%).

Electrosteel Castings to consider dividend Board meeting on 28 May 2012 The board meeting of Electrosteel Castings will be held on 28 May 2012 to consider and adopt the statement of accounts of the company for the year ended 31 March 2012, to take on record the audited results of the company for the quarter and 12 months ended on that date and to consider recommendation of dividend, if any.

Electrosteel Castings recommends dividend Of 125% The board of Electrosteel Castings in its meeting on 12 May 2011 has recommended dividend at the rate Rs 1.25 per share (125%).

Electrosteel Castings enters into a joint venture agreement with Dart Energy Electrosteel Castings has entered into a joint venture agreement (JV) with Dart Energy for the purpose of its captive Parbatpur coal mine degassing project Degassing is a safety requirement for working the mine. The Parbatbur mine is located in the Jharia Basin within the coal rich state of Jharkhand in eastern India. Dart Energy is a specialist degassing company, Headquartered in Singapore and listed on Australian Stock Exchange including (ASX), has its operations in 8 countries including Asian Countries India, China, Indonesia and Vietnam. The company intends to make this JV self sustainable by realizing benefits of the economy benefits of the methane and that include the eligible Clean Development Mechanism (Carbon Credits) benefits. The JV will extract methane incidental to coal mining from the 8.8 sq km Parbatpur Coal Mining Lease area of the company. The company will own a 70% equity stake in the JV and Dart will hold the remaining 30% stake. The company made this announcement after the trading hours on 04 April 2011.