Electrosteel Castings Ltd has proposed to issue of shares on preferential basis to the promoters and non-promoters worth Rs 40 crore. The company’s board would discuss the subject on October 24.

The company also informed stock exchanges that the board in that meeting would consider and approve the unaudited financial results for the quarter ended September 30, 2013 and a statement of assets and liabilities for the half year (April-September).

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