A meeting of the Board of Directors of Scan Steels Ltd will be held on Tuesday March 01, 2022 to consider the initial subscription in RPSG Agro Commodity Pvt. Ltd. at 9% and further investment of Rs2 crore subject to overall limit should not be exceed 10% of the total limit.
The board will consider Equity Investments in Karma Re-Rollers Pvt. Ltd, said Company.
Further, the company informed that the board will also consider and approve Expansion and Modernization of Plant of the Company (Scan Steels Limited) at Rs250 crore. Approx. and any other business as per the permission of the Chairman.
At around 10:04 AM, Scan Steels was trading at Rs29.40 apiece up by Rs1.2 or 4.26% on the BSE.
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