SPSL

Shree Precoated Steels Limited has informed the Exchange that the Board of Directors of the Company at their meeting held today i.e. June 30, 2008 , considered and approved the following: 1) Have recommended dividend @ 11% i.e. Re.1.10 per Equity Share for the year ended March 31, 2008. 2) De-merger of the Steel Division of Ajmera Realty & Infra India Limited ('ARIIL') into a Separate Resulting Company (proposed name "Shree Precoated Steel Limited") and reorganization of capital of ARIIL. 3) Acquisition of 90% interest in Ajmera Housing Corporation-Bangalore by way of admission as partner at c

Shree Precoated Steels Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on January 31, 2008 approved the following: 1) Sub-Division (Split Off) of Equity Shares: The Board of Directors has considered the proposal of the Sub-division of each Equity Shares of Rs.10/- each into 5 Equity Shares of Rs.2/- each subject to the approval of the shareholders. 2) De Merger of the Steel Business of the Company: The Board of Directors has deliberated on the Proposal of De-Merger of the Steel Business of the Company and appointed a Sub-Committee of Directors t

Shree Precoated Steels Limited has informed the Exchange that the Board of Directors of the Company at their Meeting held on October 30, 2006 have approved the proposal to invest in Jolly Brothers Private Limited to acquire the 85% Equity shares subject to approval of the term lending institutions. Earlier the Company Board has approved the acquisition of 15% Equity Shares of Jolly Brothers Private Limited. By this acquisition, Jolly Brothers Private Limited will become Wholly Owned Subsidiary of Shree Precoated Steels Limited. Jolly Brothers Private Limited is holding a Leasehold right for 66