OCL Iron & Steel Ltd. Corporate Filings & Announcements

Latest corporate announcements and filings from OCL Iron & Steel Ltd. on BSE

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29 May 2023, 03:29PM

Company Update

OCL IRON AND STEEL LTD. - 533008 - Announcement under Regulation 30 (LODR)-Change in Management

BSE India

This is with reference to our earlier corporate announcement dated May 12, 2023 in which we have updated about the particulars of the implementation of the resolution plan. In this connection, please note that in point no. 2 and in point no. 3 of the aforesaid announcement, inadvertently, we have mentioned, the date of appointment and the date of deemed resignation/vacation as 4th May, 2023 instead of 3rd May, 2023. However, it is now being rectified that the date of appointment and date of deemed resignation/vacation is 3rd May, 2023. Further, it is pertinent to mention here that there is no other change in the file which we have submitted on May 12, 2023, except as mentioned above.

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OCL Iron & Steel Ltd.

12 May 2023

Company Update

OCL IRON AND STEEL LTD. - 533008 - Implementation Of The Approved Resolution Plan Of OCL …

BSE India

Post the approval of Resolution Plan with NCLT, we wish to inform you that, as part of the process involved in the implementation of the approved Resolution Plan, the Monitoring Committee in consultation with the successful Resolution Applicant has approved the following: 1. Re-organization of the capital structure of the Corporate Debtor 2. The Monitoring Committee has approved the appointment of individuals as proposed by the Resolution applicant as the directors of the Company with effect from 04th May, 2023 to hold office up to the conclusion of the next Annual General Meeting of the Company. 3. In accordance with the provisions of the Approved Resolution Plan, the Monitoring Committee has taken on record the vacation of office of the existing directors of the company with effect from the Effective Date i.e. 04th May, 2023. 4. Formation of a Auto Division Sale Committee 5. Delisting of the Corporate Debtor 6. Handover of the Company

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OCL Iron & Steel Ltd.

12 May 2023

Company Update

OCL IRON AND STEEL LTD. - 533008 - Announcement under Regulation 30 (LODR)-Change in Management Control

BSE India

1. Pursuant to the resolution plan, the RA has proposed the appointment of the following persons, to act as directors of the Company namely; 1. Mr. Ramesh Hamirwasia (DIN 05269644), 2. Mr. Deep Chand Lamba (DIN 06546108) and 3. Mr. Suraj Singh (having DIN 09272571) Accordingly, the Monitoring Committee has approved the appointment of abovementioned individuals as the directors of the Company with effect from 04th May, 2023. 3. In accordance with the provisions of the Approved Resolution Plan, the following individual(s) being the suspended director(s) of the Company shall be deemed to have vacated : 1. Sanjay Tiku (DIN: 00300566) 2. Nilesh Bahri (DIN: 07114456) 3. Bhawani Prasad Mishra (DIN: 07673547) 4. Sanjeev Agraj (DIN: 08882503) Accordingly, the Monitoring Committee has taken on record the vacation of office of the existing directors of the company as mentioned above with effect from the Effective Date i.e. 04th May, 2023 in accordance with the terms of the Resolution Plan.

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OCL Iron & Steel Ltd.

12 May 2023

Company Update

OCL IRON AND STEEL LTD. - 533008 - Corporate Insolvency Resolution Process (CIRP)-Updates - Corporate Insolvency …

BSE India

Implementation of the approved Resolution Plan of OCL Iron and Steel Limited ('Company') (hereinafter referred as 'Corporate Debtor') pursuant to the order of the Hon'ble National Company Law Tribunal, Cuttack Bench ('NCLT'). Post the approval of Resolution Plan with NCLT, we wish to inform you that, as part of the process involved in the implementation of the approved Resolution Plan, based on the powers vested with the Monitoring Committee, the Monitoring Committee in consultation with the successful Resolution Applicant has approved the matters as provided in the attachment.

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OCL Iron & Steel Ltd.

08 May 2023

Company Update

OCL IRON AND STEEL LTD. - 533008 - Compliances-Reg.24(A)-Annual Secretarial Compliance

BSE India

Pursuant to Regulation 24A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended from time to time, please find enclosed herewith the Annual Secretarial Compliance Report issued by Mr. Pallav Goel, proprietor of Pallav Goel & Associates, Practicing Company Secretaries, for the financial year ended March 31, 2023.

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OCL Iron & Steel Ltd.

26 Apr 2023

Corp. Note

OCL IRON AND STEEL LTD. - 533008 - Format of the Initial Disclosure to be made …

BSE India

Format of Initial Disclosure to be made by an entity identified as a Large Corporate. Sr. No. Particulars Details 1Name of CompanyOCL IRON AND STEEL LTD. 2CIN NO.L27102OR2006PLC008594 3 Outstanding borrowing of company as on 31st March / 31st December, as applicable (in Rs cr) 1824.71 4Highest Credit Rating during the previous FY NA 4aName of the Credit Rating Agency issuing the Credit Rating mentioned in (4)Not Applicable 5Name of Stock Exchange# in which the fine shall be paid, in case of shortfall in the required borrowing under the frameworkBSE We confirm that we are a Large Corporate as per the applicability criteria given under the SEBI circular SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018. No Name of the Company Secretary: Khushboo Gupta Designation: Company Secretary and Compliance officer EmailId: ocliron@gmail.com Name of the Chief Financial Officer: Ajay Kumar Designation: Chief Financial Officer EmailId: ajaykumar@oclsteel.com Date: 26/04/2023 Note: In terms para of 3.2(ii) of the circular, beginning F.Y 2022, in the event of shortfall in the mandatory borrowing through debt securities, a fine of 0.2% of the shortfall shall be levied by Stock Exchanges at the end of the two-year block period. Therefore, an entity identified as LC shall provide, in its initial disclosure for a financial year, the name of Stock Exchange to which it would pay the fine in case of shortfall in the mandatory borrowing through debt markets.

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OCL Iron & Steel Ltd.

24 Apr 2023

Company Update

OCL IRON AND STEEL LTD. - 533008 - Compliance Certificate Pursuant To Regulation 40(9) And 40(10) …

BSE India

Please find enclosed herewith Certificate under Regulation 40(9) of SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015 issued by Pallav & Associates, Practicing Company Secretaries for the financial year ended March 31, 2023.

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OCL Iron & Steel Ltd.

17 Apr 2023

Company Update

OCL IRON AND STEEL LTD. - 533008 - Compliance Certificate Pursuant To Regulation 7(3) Of The …

BSE India

Please find enclosed herewith the Compliance Certificate pursuant to Regulation 7(3) of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 for the financial year ended 31st March, 2023.

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OCL Iron & Steel Ltd.

13 Apr 2023

Company Update

OCL IRON AND STEEL LTD. - 533008 - Compliances-Certificate under Reg. 74 (5) of SEBI (DP) …

BSE India

Pursuant to the Provisions of Regulation 74(5) of SEBI (Depositories and Participants) Regulation 2018, we enclosed herewith a copy of the certificate received from C B Management Services (P) Limited (Registrar and Share Transfer Agent) of the Company for the Quarter ended March 31, 2023.

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OCL Iron & Steel Ltd.

06 Apr 2023

Company Update

OCL IRON AND STEEL LTD. - 533008 - Clarification/Response Sought With Respect To The Financial Results …

BSE India

With reference to your E-mail dated 4th April, 2023, seeking clarification with respect to the quick results submitted to the Exchange dated 10-Mar-2023 . In this regard, we, OCL Iron and Steel Limited ('Company') hereby submit before your good office as under: Discrepancy: 1. Consolidated Results - Consolidated Limited Review Submitted instead of Auditor Report for Year Ended - March 2022 OISL Response: We would like to draw your kind attention towards that the Auditors report dated 10th March, 2023 which we have submitted is not the Limited Review report. However, the auditors inadvertently mentioned the word reviewed instead of audited in the second paragraph of the Auditors report. To rectify the same, a copy of the outcome of the meeting consisting of financial results along with the Auditors Report (revised) on the said financial results being submitted to the exchange dated March 10, 2023, is also enclosed herewith for your reference.

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Is OCL Iron & Steel Ltd. worth buying?

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Buy 41.67%

Sell 41.67%

Hold 16.67%