Enclosed herewith Outcome of Board Meeting held on Saturday, April 12, 2025 - Deferment of Board Meeting
SCANSTL · price
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Scan Steels Ltd's Board of Directors met on April 12, 2025, from 10:30 AM to 7:30 PM to discuss an initial investment proposal involving the purchase of equity shares of a private limited company. The board decided that the price and terms of the acquisition would be finalized in the next meeting, pending valuations and due diligence of the target entity. As a result, the board meeting was deferred. No final decision on the acquisition has been announced yet.
The deferment means shareholders should wait for the next board meeting for clarity on the acquisition target, price, and terms. Until then, the stock may see limited movement as the deal remains in preliminary stages.