(22-Sep-2008 Hours IST)
Steel Authority of India Ltd (SAIL) has informed BSE that the members at the 36th Annual General Meeting (AGM) of the Company held on September 10, 2008, inter alia, have accorded to the following: Amalgamation of Bharat Refractories Ltd with Steel Authority of India Ltd, with effect from April 01, 2007, subject to the sanction of the same by the Ministry of Corporate Affairs, Government of India and such other authorities, if any, as may be required. Steel Authority of India Ltd (SAIL) has informed BSE that Ministry of Corporate Affairs has approved the amalgamation of Bharat Refractories Ltd (BRL) with Steel Authority of India Ltd (SAIL) under Section 396 of the Companies Act, 1956 vide Bharat Refractories Ltd and the Steel Authority of India Ltd Amalgamation Order published in Gazette Notification No.S.O.1847(E) dated July 28, 2009. The appointed date of amalgamation is April 01, 2007. In terms of the above Order, a copy of the Order has been filed by the transferree company i.e. Steel Authority of India Ltd on August 27, 2009. (As Per BSE Announcement Website dated on 28.08.2009)
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