Corporate News     16-Feb-15
Outcome of board meeting of Goodluck Steel Tubes
Held on 16 February 2015
Goodluck Steel Tubes announced that the Board of Directors of the Company at its meeting held on 16 February 2015, pursuant to the approval of the members obtained in general meeting of the Company held on 17 December 2014, inter alia, considered and approved the following :

1. Allotment of 10,00,000 Equity shares of the face value of Rs. 2 at each at an issue price of Rs. 60.00 each (including a premium of Rs. 58.00 per share), fully paid-up upon exercising the option available with warrant holder (person belonging to promoter category) to convert 10,00,000 warrants.

2. Interim dividend of 37.5 % i.e. Rs 0.75 Per Equity Share of Rs. 2 each for the financial year 2014-15.

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