India Steel - Outcome of EGM

India Steel Works Ltd has informed BSE that the members at the Extra Ordinary General Meeting (EGM) of the Company held on April 30, 2008, have unanimously passed the following special resolutions:

1. Increase of Authorised Share Capital.

2. Restructuring of Debt and Issue of Preference shares under the CDR Scheme to the CDR Lenders.

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