Mukesh Steels - Outcome Of Board Meeting

Mukesh Steels Ltd has informed that the Board of Directors of the Company at its meeting held on June 30, 2007, inter alia, has made the following decisions:1. Forfeiture of 2,500 Equity Shares of Rs 10/- each as the date of last and third notice expired on June 28, 2007.2. Appointment of Mr. Ashok Kumar Gupta as Additional Director.3. Appointment of Mr. Naresh Batra as Additional Director.4. Due to Forfeiture of Shares Total shares of the Company has been reduced from21,91,320 shares to 21,88,820 shares. Hence there is reconstitution of shares for right issue that is 43,77,640 equity shares.5. Board has decided to constitute a Committee for right issue. The Committee will constitute of following three members:(a) Sh. Krishan Chand Gupta, Chairman & Managing Director(b) Sh. Deepak Gupta, Executive Director(c) Sh. Ashok Kumar Gupta, Director.