MAHINDUGIN

Mahindra Ugine Steel Company Limited has informed the Exchange that the Board of Directors of the Company at its meeting held May 21, 2014 has not recommended any dividend for the financial year 2013-14, in view of anticipated merger of the Company.

Mahindra Ugine Steel Company Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on June 15, 2013 approved the following : (1) Sale of the entire shareholding of 51,00,000 Equity Shares of Rs.10 each held by the Company in Mahindra Sanyo Special Steel Private Limited ("MSSSPL"), a subsidiary of the Company, constituting 51% of the Equity Share Capital of MSSSPL, to Mahindra & Mahindra Limited for an aggregate consideration of Rs.214.33 crores. The said consideration is as per the Valuation Report of an Independent professional firm. The above propos

Mahindra Ugine Steel Company Limited has informed the Exchange that the Audit Committee and the Board of Directors of the Company, at their respective meetings held on June 15, 2013, have approved an Integrated Scheme of Amalgamation under Section 391 to 394 of the Companies Act, 1956, involving Mahindra Hinoday Industries Limited, Mahindra Ugine Steel Company Limited, Mahindra Gears International Limited, Mahindra Investments (India) Private Limited and Participaciones Internacionales Autometal Tres S.L. ("Transferor Companies") with Mahindra Forgings Limited ("Transferee Company"), with an a

Mahindra Ugine Steel Company Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on May 03, 2013 has, in-principle, approved the proposal of incurring a further capital expenditure of about Rs. 40 crores for setting up a new production facility at Zaheerabad, Andhra Pradesh. The proposed new production facility is to meet the increasing demand of stamping components of new models/vehicles of Mahindra & Mahindra Ltd., in particular and other automotive businesses situated in southern region. The proposed facility is expected to be commissioned in FY

Mahindra Ugine Steel Company Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on May 03, 2013, inter alia, has transacted the following : (1) In view of the overall performance of the Company the Board has not recommended any dividend for the financial year 2012-13.

Mahindra Ugine Steel Company Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on February 01, 2013 has approved the proposal of incurring a capital expenditure of not exceeding Rs. 56.64 crores for setting up a new production facility at Dharwad, Karnataka. The new project is being set up to meet the increasing demand of stamping components of automotive businesses situated in southern region of India. The investment is proposed to be made during the financial years 2013 to 2016. Subject to the necessary approvals, the project is expected to get

Mahindra Ugine Steel Company Limited has informed the Exchange that at the board meeting held on August 3, 2012, the board of directors of the company has approved the proposal of incurring a capital expenditure of about Rs. 33.79 crores for setting up new production facility at Zaheerabad, Andhra Pradesh. The new project is being set up to meet the increasing demand of stamping components of automotive businesses situated in southern region of India. The Investment is proposed to be made during the financial years 2013 to 2015 and the project is expected to be commissioned in 2nd quarter of f

Mahindra Ugine Steel Company Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on May 02, 2012, has in principle, approved the proposal of incurring a capital expenditure of about Rs. 47.49 crores for setting up Automated Heavy Stamping Presses (Press Shop) at the manufacturing unit of its Stamping Division at Pantnagar near Rudrapur, Uttarakhand. The proposed new Heavy automates stamping presses are being set up to meet the increasing demand of stamping components of automotive businesses situated in and around Pantnagar and Rudrapur like Tata Mo

Mahindra Ugine Steel Company Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on May 02, 2012 in view of operational losses of the Company, the Board has not recommended any dividend for the financial year 2011-12.

Mahindra Ugine Steel Company Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on 11th November 2011 has inter alia, subject to approval of the shareholders of the Company and receipt of other requisite approvals, approved of a proposal to transfer the Steel (including Rings/Bearing Races) Division of the Company, by way of a slump sale on a going concern basis, to a wholly owned subsidiary of the Company ("JV Company"). Further, the Company has submitted to the Exchange a copy of Press Release in this regard.

Mahindra Ugine Steel Company Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on November 11, 2011, has approved the followings : (1) The appointment of Mr. Niranjan Mishra, as an Additional Director with effect from November 11, 2011, who will be treated as Independent Director.

Mahindra Ugine Steel Company Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on April 27, 2011, inter alia, in view of overall performance of the Company, the Board has not recommended any dividend for the financial year 2010-2011.

Mahindra Ugine Steel Co. Ltd has informed the Exchange that at the Board Meeting held on March 26, 2010, the Board of Directors of the Company have approved the Budget for the Financial Year 2011-13. The Board has also approved the proposal of incurring a capital expenditure of about Rs.36.65 crores for setting up of new manufacturing unit of its Stamping Division in Pantnagar near Rudrapur, Uttarakand. The proposed new stamping unit is being set up to meet the demand of stamping components of automotive businesses situated in and around Pantnagar and Rudrapur like Tata Motors Ltd, Mahindra &

Mahindra Ugine Steel Co. Ltd has informed the Exchange that " at the Board Meeting held on Friday , the 27th April 2007, the Board of Directors of the Company has approved the following , subject to approval by the shareholders of the Company at the forthcoming Annual General Meeting. (1) To increase the Authorised Share Capital of the Company from Rs.65 Crores (Rupees Sixty Five Crores) to Rs.150 Crores (Rupees One Hundred Fifty Crores). (2) To increase the borrowing limit from Rs.150 Crores to Rs.500 Crores."

Mahindra Ugine Steel Co. Ltd has informed the Exchange that the Board of Directors at their Meeting held on October 20, 2006 have approved i) Mr. Rajeev Dubey as an additional Director of the company with effect from October 20, 2006. ii) Mr. Deepak Dheer as an Executive Director of the company with effect from October 20, 2006.

Mahindra Ugine Steel Co. Ltd has informed the Exchange that the Board of Directors of the Company at their meeting held on March 29, 2006 have approved :- (1) The allotment of 15,50,840 new Equity Shares of the Company to the Shareholders of the Transferor Companies pursuant to the scheme of Merger of Pranay Sheetmetal Stampings Ltd, Valueline Hotels and Resorts Ltd, Console Estate & Investments Ltd (Transferor Companies) with the Company as approved by the Hon'ble High Court, Bombay. (2) The Employees Stock Option Scheme to the eligible employees and such other persons as may be permitted by

Mahindra Ugine Steel Co. Ltd has informed the Exchange that the BODs of the Company at their meeting held on January 27, 2006, has discussed in detail the Concept paper on Employees Stock Options and the modalities / implications of the same.

Mahindra Ugine Steel Co. Ltd has informed the Exchange that at the Board Meeting held on March 16,2005, the Board of Directors of the Company has approved in principle the proposal of expansion to raise the production capacity of Steel Division of the Company to 2,40,000 tonnes p.a. by March,2008.