Bihar Sponge Iron Ltd — Board/Management Information 2020

Nov 10, 2020

BIHAR SPONGE IRON LIMITED.

REGISTERED OFFICE & PLANT : UMESH NAGAR, CHANDIL-832401, DISTT. SARAIKELA - KHARSAWAN, JHARKHAND PHONE (EPABX) : 06591-232410, 232417, Fax : 06591-232412 E-mail : bsilchandil@gmail.com / Web : bsil.org.in, CIN : L27106JH1982PLC001633

BSIL/CS/SE/2020 10'" November, 2020

To, The Manager BSE Limited 25" Floor, P.J. Towers, Dalal Street Mumbai-40000 1

Scrip Code: 500058

Sub: Outcome of Board Meeting held on 10'" November, 2020.

Ref: Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Dear Sir/Madam,

With reference to above cited subject, this is to inform that the Board of Directors has interalia approved and taken on record the following at its meeting held today i.e.10" November, 2020.

• 1. Un-Audited Financial Results for the quarter and half year ended 30" September, 2020 along with Limited Review Report thereon under Regulation 33(3)(d) of the Listing Regulations.
• 1. Take note of Memorandum of Agreement executed with M/s. Vanraj Steel Pvt. Ltd. on 8th October, 2020 for usage right of operation of manufacturing facilities of the Company at Chandil including Railway Siding.
• 1. Approved the alteration of objects clause and Adoption of the Memorandum of Association ("MOA") of the Company to align with the provisions of the Companies Act 2013 and Authorisation for entering in to related party transactions, subject to the approval of the members by passing postal ballot via remote e-voting .
• 1. Approved the Postal Ballot notice to be sent through e-mail to the members of the Company for seeking their consent by way of postal ballot (only through the remote evoting process) for the proposed resolutions. The copy of postal ballot notice will be submitted in due course.

1. Appointed M/s. Soniya Gupta & Associates, Practicing Company Secretaries to act as scrutinizers for conducting the postal ballot process via remote e-voting.

The said Board Meeting commenced at 3.00 p.m. and concluded at 4.30 p.m.

This is for your information and Record.

Thanking You

Yours faithfully

Himani Mittal Company Secretary & Compliance officer

Encl:a/a