Kindly be informed that to-day, on 4th April, 2018 the Company has received an application from its Foreign Promoter, M/s Krosaki Harima Corporation of 1-1, Higashihama-machi, Yahatanishi-ku, Kitakyushu, 806-8586, Japan, for reclassification of their shareholding of 15.51% i.e. 55,90,156 Equity Shares of Rs. 10/- each fully paid up of the Company, to Public Category pursuant to provisions of Regulation 31A of SEBI LODR Regulations, 2015. Said application will be considered by the Board of Directors of the Company at their next meeting scheduled to be held on Saturday, 19th May, 2018, for further action thereon.