JSW ISPAT Steel (Delisted) share news and announcements

BSE: 500305

Formerly Ispat Industries

Last traded ₹9.95 on 10 Jun 2013

Delisted on 8 Jul 2013.

JSW ISPAT Steel share news and announcements

365 announcements, routine notices left out, newest first. Page 7 of 8.

  1. May 2009

    • 11 May · Management

      ICICI Bank Ltd. has withdrawn the nomination of Mr. K M Jaya Rao from the Board of Directors of the Company with effect from April 20, 2009. Accordingly, Mr. K M Jaya Rao ceases to be the Director in the Company effective April 20, 2009. Further, the company has informed the Exchange that ICICI Bank Ltd. has nominated Mr. Mayank Agrawal, Joint General Manager, ICICI Bank Ltd., as a Director on the Board of Directors of the Company. The appointment of Mr. Mayank Agrawal as a Director takes effect from April 30, 2009.

  2. Apr 2009

    • 29 Apr · Results

      Audited Accounts of the Company for the year ended March 31, 2009 will be published within a period of 3 months of the close of accounting year. In view of the above, the company shall not be publishing the un-audited results for the fourth quarter ended 31st March, 2009.

  3. Feb 2009

    • 16 Feb · Limited Review Report

      Auditors have conducted the limited review for the un-audited financial results for the quarter ended December 31,2008.A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.

    • 11 Feb · Disclosure

      Disclosure in terms of Regulation 8A (4) of Securities & Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulation, 1997 containing details of shares pledged by the promoters/ persons forming part of the promoter group of company. The disclosure is based on information received from the promoters/ persons forming part of the promoter group in terms of Regulation 8A (1) of Securities & Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulation, 1997. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.

    • 6 Feb · Updates

      Our Registrars & Transfer Agents, M/s. Intime Spectrum Registry Ltd., have intimated us that their name has been changed to 'M/s. LINK INTIME INDIA PRIVATE LIMITED'.

    • 3 Feb · Management

      Mr. Manu Chadha, Director of the Company, has resigned with effect from January 29, 2009.

    • 2 Feb · Management

      Vide notes to Accounts in the unaudited financial results for the quarter ended December 31, 2008 (taken on record by the Board of Directors of the Company at its meeting held on January 30, 2009) that : "The Auditors in their audit report on the Company's Accounts for the year ended 31st March, 2008 and limited review report for the quarter ended 30th September, 2008, had commented on their inability to express any opinion on the recognition of Deferred tax Asset (Rs. 546.57 crores upto 31st March, 2008 and Rs. 544.63 crores upto 30th September, 2008). However, based on the future profitability projections and in light of the current trend of prices of finished products and input costs as well as the benefits likely to accrue on account of change in production process, the Company is virtually certain that there would be sufficient taxable income in the future, to claim the above tax credit. Further, the Auditors in their limited review report for the quarter ended 30th September, 2008 had also commented about non-provisioning of the revised provisional prices of Iron Ore Lumps and Fines, supplied by National Mineral Development Corporation Ltd (NMDC), amounting to Rs 100.32 crores, in view of the dispute raised by the Company with respect to the legality of the revised provisional prices. Considering the subsequent revision in prices of Iron Ore Lumps and Fines by NMDC, the Company has made appropriate provision for the aforesaid amount during the current quarter".

  4. Jan 2009

    • 30 Jan · Results

      Standalone Results for the quarter ended on 31-DEC-2008 as follows: Net Sales of Rs. 110151 lacs for quarter ending on 31-DEC-2008 against Rs. 319970 lacs for the quarter ending on 30-SEP-2008. Net Profit / (Loss) of Rs. (65171) lacs for the quarter ending on 31-DEC-2008 against Rs. (2674) lacs for the quarter ending on 30-SEP-2008.

    • 28 Jan · Board meeting

      Meeting of the Board of Directors of Company scheduled to be held today i.e. January 28, 2009 for considering, inter-alia, unaudited financial results for the third quarter ended December 31, 2008 has been deferred to be held on January 30, 2009. The unaudited financial results for the said quarter ended December 31, 2008 shall now be considered at the meeting of the Board of Directors to be held on January 30, 2009.

    • 20 Jan · Board meeting

      Meeting on 28 Jan 2009: “Unaudited Financial Results for the qtr ended Dec 31, 2008”

  5. Nov 2008

    • 14 Nov · Limited Review Report

      Auditor's have conducted the limited review of the Unaudited financial results for the quarter ended September 30, 2008. The details of the limited review report shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.

    • 4 Nov · Management

      Vide notes to Accounts in the unaudited financial results for the quarter ended September 30, 2008 (taken on record by the Board of Directors of the Company at its meeting held on October 31, 2008) that: "The Auditors in their audit report on the Company's Accounts for the year ended 31st March, 2008 and limited review report for the quarter ended 30th June, 2008, had commented on their inability to express any opinion on the recognition of Deferred Tax Asset (Rs. 546.57 crores upto 31st March, 2008 and Rs.530.42 crores upto 30th June, 2008). However, based on the future profitability projections, the Company is virtually certain that there would be sufficient taxable income in the future, to claim the above tax credit."

  6. Oct 2008

    • 31 Oct · Updates

      The Government of India, in its Ministry of Coal, has informed our Company that it is contemplating to make joint allocation of Behraband North Extension Coking Coal block in the State of Madhya Pradesh for captive mining of coal by our Company and four other companies. Based on the mineable capacity of the total geological reserves and requirement of coal as assessed by CMPDIL, our tentative proportionate share of coal reserves has been indicated at 76.049 Million Tons

    • 31 Oct · Results

      Standalone Results for the half year ended on 30-SEP-2008 as follows: Net Sales of Rs. 598751 lacs for half year ending on 30-SEP-2008. Net Profit / (Loss) of Rs. 199 lacs for the half year ending on 30-SEP-2008.

    • 31 Oct · Results

      Standalone Results for the quarter ended on 30-SEP-2008 as follows: Net Sales of Rs. 319970 lacs for quarter ending on 30-SEP-2008 against Rs. 278781 lacs for the quarter ending on 30-JUN-2008. Net Profit / (Loss) of Rs. (2674) lacs for the quarter ending on 30-SEP-2008 against Rs. 2873 lacs for the quarter ending on 30-JUN-2008.

    • 22 Oct · Board meeting

      Meeting on 31 Oct 2008: “Unaudited financial results for qtr ended September 30, 2008”

  7. Sep 2008

    • 29 Sep · Meeting

      Proceedings of the Annual General Meeting of the Company held on August 28, 2008. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.

  8. Aug 2008

    • 13 Aug · Limited Review Report

      Auditor's have conducted the limited review of the Unaudited financial results for the quarter ended June 30, 2008 and found the same to be in order subject to certain observations. The details of the limited review report shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.

    • 4 Aug · Meeting

      Register of Members of the Company will remain closed from August 23, 2008 to August 27, 2008 (both days inclusive) for the purpose of the Annual General Meeting of the Company convened to be held on August 28, 2008.

  9. Jul 2008

    • 31 Jul · Results

      Standalone Results for the quarter ended on 30-JUN-2008 as follows: Net Sales of Rs. 278781 lacs for quarter ending on 30-JUN-2008 against Rs. 181334 lacs for the quarter ending on 30-JUN-2007. Net Profit / (Loss) of Rs. 2873 lacs for the quarter ending on 30-JUN-2008 against Rs. 837 lacs for the quarter ending on 30-JUN-2007.

    • 23 Jul · Board meeting

      Meeting on 31 Jul 2008: “Unaudited Financial Results for the Qtr ended June 30, 2008”

    • 21 Jul · Management

      Board of Directors of the Company has, at its meeting held on July 19, 2008, taken note of nomination by IFCI Ltd., of Mr R P Singh, General Manager, IFCI Ltd., as a Director on the Board of Directors of the Company. The appointment of Mr R P Singh as a Director takes effect from July 19, 2008. Further the Company have been advised by IFCI Ltd., that the nomination of Mr R P Singh as a Director shall be in place of Mr Sanjoy Chowdhury. Accordingly, Mr Sanjoy Chowdhury ceases to be a Director in the Company effective from July 19, 2008.

    • 3 Jul · Management

      Board of Directors of the Company, at its meeting held on June 30, 2008, has appointed Dr. Basudeb Sen and Mr Satya Pal Talwar as Additional Directors under section 260 of the Companies Act, 1956.

  10. Jun 2008

    • 30 Jun · Results

      Standalone Results for the quarter ended on 31-MAR-2008 as follows: Net Sales of Rs. 227901 lacs for quarter ending on 31-MAR-2008 against Rs. 210526 lacs for the quarter ending on 31-MAR-2007. Net Profit / (Loss) of Rs. 4889 lacs for the quarter ending on 31-MAR-2008 against Rs. 8212 lacs for the quarter ending on 31-MAR-2007.

    • 30 Jun · Results

      Standalone Results for the year ended on 31-MAR-2008 as follows: Net Sales of Rs. 828414 lacs for year ending on 31-MAR-2008 against Rs. 748657 lacs for the year ending on 31-MAR-2007. Net Profit / (Loss) of Rs. 3480 lacs for the year ending on 31-MAR-2008 against Rs. (953) lacs for the year ending on 31-MAR-2007.

    • 30 Jun · Results

      Consolidated Results for the year ended on 31-MAR-2008 as follows: Net Sales of Rs. 828414 lacs for year ending on 31-MAR-2008 against Rs. 748657 lacs for the year ending on 31-MAR-2007. Net Profit / (Loss) of Rs. 3079 lacs for the year ending on 31-MAR-2008 against Rs. (1026) lacs for the year ending on 31-MAR-2007.

    • 23 Jun · Board meeting

      To consider, inter-alia, the audited financial results of the company for the financial year ended March 31, 2008.

  11. May 2008

    • 13 May · Updates

      Abstract under Section 302 of the Companies Act, 1956, sent to the members of the Company. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.

    • 8 May · Meeting

      Proceedings of the Extra Ordinary General Meeting of the Company held on March 29, 2008. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.

  12. Apr 2008

    • 26 Apr · Results

      The Audited Accounts of our Company for the year ended 31st March, 2008 will be published within a period of 3 months of the close of accounting year. In view of the above, we would not be publishing the un-audited results for the fourth quarter ended 31st March, 2008.

    • 19 Apr · Allotment of Equity Shares

      Board of Directors of the Company, at its meeting held today i.e 18th April, 2008, has issued and allotted 11,32,44,580 Equity Share Warrants to the eligible promoters, on preferential basis, in terms of section 81 (1A) of the Companies Act 1956 and the Guidelines for preferential Issues contained in Chapter XIII of Securities and Exchange Board of India (Disclosure and Investor Protection) Guidelines, 2000. The Company has further informed that the Shareholders of the Company have already approved the aforesaid issue of Equity Share Warrants to the eligible Promoters, on preferential basis. The number of Equity Shares Warrants issued and allotted to the eligible promoters is 11,32,44,580 at a price of Rs.44.69 for each warrant. The pricing of the Equity Share Warrants has been determined in accordance with the relevant pricing guidelines. This intimation supersedes the Company's earlier intimation vide which the pricing of the equity share warrants was intimated at Rs.43.89 for each warrant. The holder of Equity Share Warrants will have an option to apply for and be allotted 1(one) equity share of the Company for each equity share warrant held, any time after the date of allotment but on or before the expiry of 18 months from the date of allotment, in one or more tranches.

    • 19 Apr · Change in composition of board

      The Board of Directors of our Company, at its meeting held on April 18, 2008 has decided to effect the following changes in the Composition of the Board of Directors of our Company: (a) Mr. V. K. Mittal, Managing Director, has been re-designated as Vice-Chairman & Managing Director. (b) Mr. Vinod Garg, Executive Director (Marketing), has been re-designated as Executive Director (Commercial). (c) Mr. B. K. Singh has been appointed as an Additional Director under Section 260 of the Companies Act, 1956. Mr. B. K. Singh shall be a Whole-Time Director designated as Executive Director (Steel Plant)

  13. Mar 2008

    • 31 Mar · Meeting

      At the Extra Ordinary General Meeting of the members of our company held today i.e. 29th March, 2008, the members have approved, pursuant to Section 81 (1A) of the Companies Act, 1956, issue of Equity Warrants, on preferential basis, to the eligible promoters, entitling them to apply for equity shares, not exceeding 5% of the post-issue voting rights, in aggregate, in any financial year. The pricing of equity shares, arising out of exercise of rights attached to the aforesaid Equity Warrants, has been determined at Rs. 43.89 each, in terms of the applicable Guidelines for Preferential Issues contained in Chapter XIII of Securities and Exchange Board of India (Disclosure and Investor Protection) Guidelines, 2000

    • 6 Mar · Meeting

      Notice alongwith Explanatory Statement, convening Extraordinary General Meeting of the Shareholders of the Company on March 29, 2008, for seeking approval under Section 81(1A) of the Companies Act, 1956, to issue share warrants on preferential basis. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.

  14. Feb 2008

    • 26 Feb · Business

      The Board of Directors of the Company, at its meeting held on February 26, 2008 has decided to convene an Extra-Ordinary General Meeting of the shareholders of the Company on March 29, 2008, for obtaining requisite approval, in terms of Section 81(1A) of the Companies Act, 1956, for the proposed issue of equity share warrants to eligible promoters, on preferential basis. In terms of the Guidelines for Preferential Issues contained in Chapter XIII of SEBI (Disclosure & Investor Protection) Guidelines, 2000, the " Relevant Date" for determining the price of the proposed issue of equity share warrants shall be February 28, 2008.

    • 13 Feb · Limited Review Report

      Auditor's have conducted the limited review of the unaudited financial results for the quarter ended December 31, 2007. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.

  15. Jan 2008

    • 31 Jan · Updates

      Board of Directors of the Company at its meeting held on January 31, 2008, considered and approved, in principle, hiving-off of the Company's Jetty facilities/ operations to an independent entity, subject to all requisite consents/ approvals and valuation reports to be received from valuers appointed/ to be appointed for the purpose.

    • 31 Jan · Results

      Standalone Results for the quarter ended on 31-DEC-2007 as follows: Net Sales of Rs. 216623 lacs for quarter ending on 31-DEC-2007 against Rs. 182735 lacs for the quarter ending on 31-DEC-2006. Net Profit / (Loss) of Rs. (3600) lacs for the quarter ending on 31-DEC-2007 against Rs. 1752 lacs for the quarter ending on 31-DEC-2006.

    • 23 Jan · Board meeting

      Meeting on 31 Jan 2008: “Unaudited Financial Results for the qtr ended Dec 31, 2007”

  16. Dec 2007

    • 24 Dec · Board meeting

      Vide its letter dated December 22, 2007 that "The Board of Directors of our Company, at its meeting held today, i.e. 22nd December, 2007, considered and approved issue of share warrants, carrying a right to convert into Equity Shares, to the constituent(s) of the Promoter Group, on preferential basis, not exceeding 5% of the post-issue voting rights in any financial year upto 18 months from the date of allotment thereof. The proposed issue of share warrants shall be subject to approval by the shareholders of the Company and such other consent(s) / approval(s) / permission(s) as may be required. The holder(s) of the share warrants shall have the right to subscribe to 1 (one) Equity Share against each share warrant held by them , any time within a period of 18 months from the date of allotment of the warrants".

    • 19 Dec · News Verification

      News Verification : The media had reports that Ispat Industries Limited may develop a residential project in a prime locale in South Mumbai. The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company. Ispat Industries Limited has vide its letter inter-alia stated,"Necessary disclosures in relation to the aforesaid property have been made in the Annual report of our Company for the financial year ended 31st March, 2007. Extracts from the said notes are reproduced hereunder :- Landed property as indicated in Schedule 10 is under commercial development for which the Company has entered into an agreement on a 'principal to principal' basis and property development rights therein have been transferred to a developer. As per the agreement, the developer shall construct the building on such land at its own costs and fifty percent share of the constructed property will belong to the Company in lieu of land cost. Further, our Company does not comment on or respond to unsubstantiated market rumours."

    • 17 Dec · Board meeting

      To consider, inter-alia, issue of Equity Share Warrants / Convertible Securities to Promoters of the Company on preferential basis.

  17. Nov 2007

    • 23 Nov · Limited Review Report

      Auditor's have conducted the limited review of the unaudited financial results for the quarter ended September 30, 2007 and found the same to be in order subject to certain observations. The auditor's observations are : In terms of Accounting Standard 22, net deferred tax asset of Rs.557.47 crores (net of reversal of Rs 60.70 crores for the quarter) has been recognized in the accounts upto September 30, 2007, based on the future profitability projections made by the management. However, we are unable to express any opinion on the above projections and their consequential impact, if any, on the recognition of such deferred tax asset. Had the impact of above item been considered, there would be loss of Rs. 543.93 crores (primarily on account of net deferred tax asset of Rs 623.61 crores recognized upto march 31, 2007) as against the reported net profit of Rs. 13.54 crores for the quarter.

  18. Oct 2007

    • 29 Oct · Memorandum of Understanding

      Company has entered into a Memorandum of Understanding (MOU), on October 27, 2007, with M.P. Trade & Investment facilitation Corporation Limited, a wholly owned undertaking of Government of Madhya Pradesh. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.

    • 22 Oct · Board meeting

      Company had informed the Exchange that the meeting of the Board of Directors of the Company scheduled to be held on October 30, 2007, to consider, inter-alia, the unaudited financial results of the Company for the second quarter/ half - year ended September 30, 2007 has since been re-scheduled. The Board Meeting shall now be held on the following day i.e. October 31, 2007 for the aforesaid purpose.

    • 18 Oct · Board meeting

      Meeting on 30 Oct 2007: “Unaudited Results for Qtr & Half year ended Sep 30, 2007”

  19. Aug 2007

    • 28 Aug · Meeting

      Proceedings of the Annual General Meeting of the Company held on July 25, 2007. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.

    • 17 Aug · Limited Review Report

      Auditor's have conducted the limited review of the unaudited financial results for the quarter ended June 30, 2007 and found the same to be in order subject to certain observations. The auditor's observations are: In terms of Accounting Standard 22, net deferred tax asset of Rs.618.17 crores (net of reversal of Rs 5.44 crores for the quarter) has been recognized in the accounts upto June 30, 2007, based on the future profitability projections made by the management. However, the auditors are unable to express any opinion on the above projections and their consequent impact, if any, on the recognition of such deferred tax asset. Had the impact of above item been considered, there would be loss of Rs.609.80 crores (including deferred tax asset of Rs 623.61 crores accounted for upto March 31, 2007) as against the reported profit of Rs. 8.37 crores for the quarter.

  20. Jul 2007

    • 16 Jul · Board meeting

      Meeting on 24 Jul 2007: “Unaudited financial results for quarter ended June 30, 2007”

    • 3 Jul · Miscellaneous

      July 02, 2007 that "Due to high velocity wind and heavy rains during the last two days, a section of the conveyor belting system of our Company which transports raw material from the adjoining Dharamtar Port to our Company's Plant site at Dalvi near Alibaug, Maharashtra, slipped off and fell on the railway tracks outside the plant site today morning. There has been no loss of life or any injury due to the accident and there is no loss of production. Our Company's Special Task Force, with the help of other Officials of the Company and Senior District Authorities, are clearing out the slippage over the railway track on an emergency basis so that railway movement on the tract is not affected. The Company is also taking necessary steps to ensure that the system is restored shortly within a week's time".