The Board of Indian Metals & Ferro Alloys at its meeting held on 26 November 2021 has approved the issue of bonus equity shares in ratio of 1:1. The Board also approved increase in authorized share capital from Rs 38,75,00,000 dividend into 3,52,50,000 equity shares of Rs 10 each, 40,000 9.5% Redeemable Cumulative Preference Shares of Rs. 100 each, 2,60,000 IInd series Redeemable Cumulative Preference Shares of Rs. 100 each and 50,000 Redeemable Cumulative Preference Shares of Rs. 100 each to Rs.-63,50,00,000 divided into 6,00,00,000 Equity Shares of Rs.10 each, 40,000 9.5% Redeemable Cumulative Preference Shares of Rs. 100 each, 2,60,000 IInd series Redeemable Cumulative Preference Shares of Rs. 100 each and 50,000 Redeemable Cumulative Preference Shares of Rs. 100 each by creation of additional 2,47,50,000 equity shares of Rs 10 each and consequent amendment of t he Memorandum of Association and Articles of Association of the Company subject to approval of shareholders and any other applicable statutory and regulatory approvals.

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Indian Metals & Ferro Alloys has fixed 10 January 2022 as record date for issue of bonus equity shares in ratio of 1:1.

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Indian Metals & Ferro Alloys will hold a meeting of the Board of Directors of the Company on 26 November 2021.

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Indian Metals & Ferro Alloys announced that the Board of Directors of the Company at its meeting held on 26 October 2021, has recommended a Interim dividend of Rs.5 per share (i.e.50%), subject to the approval of the shareholders.

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