RMG Alloy Steel will hold a meeting of the Board of Directors of the Company on 14 April 2018, to consider obtaining members' approval for authorizing Board of Directors of the company to issue of equity shares/ warrants carrying option to subscribe to equity shares on preferential basis to the constituents of Promoters Group of the Company and Investors as may be selected by the Board of Directors and to approve the notice convening Extraordinary General Meeting along with its day, time and venue (with e- voting facility) for the above.

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RMG Alloy Steel announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 27 March 2018 .

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The Board of RMG Alloy Steel at its meeting held on 01 March 2018 has approved following:

a. Issue and allotment of securities (equity and/or preference shares) for an aggregate amount of Rs.405 crore in one or more tranches to a constituent of the promoters' group viz. Welspun Steel (Rs.230.75 crore) and to independent financial investors (Rs.174.25 crore) by way of private placement. The issue is subject to necessary corporate and regulatory approvals.

b. Alteration of Memorandum of Association for increasing the authorized share capital to enable the issue of above mentioned securities.

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RMG Alloy Steel will hold a meeting of the Board of Directors of the Company on 1 March 2018, to consider the Issue of equity shares together with warrants carrying option to subscribe to equity shares or alternatively, redeemable preference shares, on preferential basis to constituent/s of Promoters' group of the Company and to some private investors in the sum of the amount and at a price as may be determined by the Board.

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