Mahindra Ugine Steel Co. (Delisted) share news and announcements
BSE: 504823
Last traded ₹573.95 on 22 Dec 2014
Delisted on 25 Mar 2015.
Mahindra Ugine Steel Co. share news and announcements
326 announcements, routine notices left out, newest first. Page 3 of 7.
Jun 2013
25 Jun · Meeting
Company has fixed Book Closure from July 16, 2013 to July 25, 2013 for the purpose of Annual General Meeting of Members of the Company to be held on July 25, 2013.25 Jun · Board meeting
For approving the standalone Unaudited Financial Results of the Company for the quarter ended June 30, 2013, among other business.17 Jun · Board meeting
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 proposal for sale of investment in MSSSPL is subject to necessary approvals, as may be required; (2) Sale of land of the Company for a consideration of Rs.126 crores admeasuring about 304,398 square meters (about 76 acres) alongwith all buildings and structures standing thereon, situated at Jagdish Nagar, Khopoli, District - Raigad, Maharashtra to Mahindra & Mahindra Limited. The said consideration is as per the Valuation Report of an Independent professional firm. The proposal for sale of the land is subject to necessary approvals, as may be required.17 Jun · Board meeting
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 appointed date of October 01, 2013 ("the Scheme"). As per the Joint Valuation Report submitted by the valuers viz. Messrs N. M. Raiji & Co., Chartered Accountants and Messrs S. R. Batliboi & Co. LLP and the fairness report issued by SBI Capital Markets Limited, the merchant banker, opining on the fairness of the share exchange ratio determined by the Valuers in relation to the above Scheme, the share exchange ratio under the said scheme is 284 equity shares of [Rs. Ten] each of the Mahindra Forgings Limited for every 100 equity shares of [Rs. Ten] each held by the shareholders of Mahindra Ugine Steel Company Limited. The Scheme is subject to various conditions precedent and regulatory and other approvals.15 Jun · Mahindra Group & CIE Automotive to form Global Alliance in Auto components
15 Jun · Board meeting
Audit Committee and the Board of Directors of the Company, at their respective meetings held on June 15, 2013, have approved an ....15 Jun · Board meeting
Board of Directors of the Company at its meeting held on June 15, 2013, inter alia, has approved the following : 1. Sale ....14 Jun · Board meeting
To inter alia, consider 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), share swap ratio and other consequential matters.14 Jun · Board Meeting on June 15, 2013
Meeting of the Board of Directors of the Company will be held on June 15, 2013, inter alia, to consider an Integrated Scheme of ....
May 2013
6 May · Board meeting
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 2015-16 subject to necessary approvals.6 May · Board meeting
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 2012-13.4 May · Board meeting
Board of Directors of the Company at its meeting held on May 03, 2013 has, in-principle, approved the proposal of incurring a ....4 May · Board meeting
Board of Directors of the Company at its meeting held on May 03, 2013, inter alia, has transacted the following : 1. In ....
Apr 2013
15 Apr · Board meeting
Inter alia to consider and aaprove the quarterly financial results for the quarter ended March 31, 2013 and Audited Financial Results of the Company for the year ended March 31, 2013 and to recommend dividend, if any, amongst the other business.15 Apr · Board meeting
Meeting of the Board of Directors of the Company will be held on May 03, 2013, inter alia, to consider and approve the quarterly ....
Mar 2013
11 Mar · Demise
Company has received a communication from LIC of India informing about the sad demise of Mr. Niranjan Mishra, the LIC Nominee Director of the Company on March 07, 2013. Accordingly, he ceased as the Director of the Company with effect from March 07, 2013.11 Mar · Demise of Director
Company has received a communication from LIC of India informing about the sad demise of Mr. Niranjan Mishra, the LIC Nominee ....
Feb 2013
1 Feb · Board meeting
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 commissioned in phased manner in last quarter of FY 2015.1 Feb · Board meeting
Board of Directors of the Company at its meeting held on February 01, 2013, has approved the proposal of incurring a capital expenditure ....
Jan 2013
7 Jan · Board meeting
For approving the standalone Unaudited Financial Results of the Company for the 3rd quarter ended December 31, 2012, amongst other matters.
Oct 2012
26 Oct · Rating
India Ratings & Research Private Limited, a Fitch Group Company, has informed the Company that it has upgraded the Company's Long-Term Issuer rating to 'IND A' from 'IND BBB+', and removed it from Rating Watch Evolving (RWE). The Outlook is Stable.26 Oct · Revision in Rating
India Ratings & Research Private Limited, a Fitch group Company, has informed the Company that it has upgraded Mahindra Ugine Steel ....9 Oct · Board meeting
For approving the standalone Unaudited Financial Results of the Company for the quarter and half year ended September 30, 2012, amongst other matters.
Sep 2012
7 Sep · MUSCO finalises 51:49 JV with Sanyo Special Steel Co. Ltd and Mitsui & Co. Ltd.
Aug 2012
3 Aug · Board meeting
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 financial year 2015. The Board of Directors has also appointed Mr. Sandeep Jain as the Chief Finance Officer of the company w.e.f August 4, 2012 in place of Mr. Partha Sarathi Roy.3 Aug · Board meeting
Board of Directors of the Company at its meeting held on August 03, 2012, has approved the proposal of incurring a capital expenditure ....