Board Meeting:


The Board of Directors met eight times during the financial year 2011-12 and within the time gap as stipulated in Clause 49 of the Listing Agreement. . The dates on which the Board meetings were held are as follows:

April 25, 2012 (ii) July 26, 2011 (iii) August 29, 2011 (iv) October 29, 2011 (v) January 24, 2012 (vi) February 7, 2012 (vii) February 10, 2012 and (viii) March 15, 2012.

General Meeting:

Year Date Time  Venue
2011 26.07.2011 4.00 p.m.  Centre for Excellence,
 Jubilee Road, Jamshedpur- 831001

One Extra-ordinary General Meeting of the shareholders was held on March 9, 2012 to transact the following business:

Item Nature of Resolutions Passed
Increase in the Authorised Share Capital and alteration of the Capital Clause in the Memorandum of Association of the Company Ordinary Resolution
Alteration of the Capital Clause in the Articles of Association of the Company Special Resolution
Allotment of 8.50% non-cumulative Redeemable Preference Shares on preferential basis to Tata Steel Limited and Yodogawa Steel Works, Ltd., Japan Special Resolution