14.11.2011
Declaration of Financial Results for the Quarter ended 30.09.2011
During the Quarter, Net profit rose by 11.89 % to Rs.131.84 Lakhs as against Rs.117.83 Lakhs recorded in the same period of previous year.

For the period of Half Year ended 30.09.2011, Net profit rose by 8.73% to Rs. 233.02 Lakhs as against Rs.214.31 Lakhs recorded in the same period of previous year. Earnings per Share [EPS] increases from Rs. 0.75 to Rs.0.82.

06.09.2011
AGM
Twenty First Annual General Meeting of the Company is scheduled to be held on Friday, the 30th September 2011, at 3.00 P.M at B-27 (M) SIPCOT Industrial Complex, Gummidipoondi, Thiruvallur District, Tamilnadu – 601 201.

10.08.2011
Declaration of Financial Results for the Quarter ended 30.06.2011
During the Quarter, Net profit rose by 4.87% to Rs.101.18 Lakhs as against Rs.96.48 Lakhsrecorded in the same period of previous year. Earnings per Share [EPS] increases from Rs.0.14 to Rs.0.36.

30.05.2011
Declaration of Audited Financial Results for the year ended 31.03.2011
Net profit rose 56.31% to Rs 3.22 crore in the year ended March 2011 as against Rs 2.06 crore during the previous year ended March 2010. Earning per Share [EPS] increases from Rs.0.72 to Rs.1.13

25.02.2011
Equity Shareholders approves Scheme of Arrangement
Further to the Meeting of the Equity Shareholders of the Company duly convened on 23rd February, 2011 in compliance of Order dated 24th January, 2011 of the Hon'ble High Court of Judicature at Madras, to seek their approval to the Scheme of Arrangement.

In this regard, please note that the Meeting of Equity Shareholders have been held successfully and the Equity Shareholders have approved the Scheme of Arrangement without any modification unanimously.


25.02.2011
Secured Creditors to approve Scheme of Arrangement
Further to the Meeting of the Secured creditors of the Company on 23rd February, 2011 in compliance of Order dated 24th January, 2011 of the Hon'ble High Court of Judicature at Madras, to seek their approval to the Scheme of Arrangement.
In this regard, please note that after 30 minutes of the scheduled time for the commencement of the meeting of the secured creditors, the said meeting was dissolved by the Chairman of the meeting without conducting any business due to absence of requisite quorum as prescribed by the Hon’ble High Court of Judicature at Madras by an order dated 24th January, 2011.

Tuesday, 18 May 2010 08:30am EDT 
Kanishk Steel Industries Ltd. announced that the Company has considered and approved a proposal to restructure the business of the Company. The proposal shall be implemented by a Scheme of Arrangement under the provisions of Section 391-394 of the Companies Act, 1956 as tabled before the Board which will provide for the transfer by way of demerger of the power division of the company to Gita Renewable Energy Limited and the Sponge Iron Division of the company to Chennai Ferrous Industries Limited. In consideration for the transfer of the divisions as above, the shareholders in the company shall receive one equity share (of face value INR10) in Gita Renewable Energy, for every seven equity shares (of face value of INR10) in Chennai Ferrous for every eight equity shares (of face value of INR10) presently held in the Company. The above re-structuring will result in three listed entities Kanishk Steel Industries Limited carrying out the steel business of the Company, Gita Renewable Energy Limited carrying out the power business of the Company and Chennai Ferrous Industries Limited carrying out the sponge iron business of the Company. Pursuant to the demerger the shares of Gita Renewable Energy Limited and Chennai Ferrous Industries Limited shall be listed on the Bombay Stock Exchange. 

Foundation of Steel

Published Date: 9/25/2005