1. The paid up capital of the company has been increased by issuing 10,450,000 ordinary share of Tk. 100.00 each for the purpose of acquiring BSRM Iron & Steel co. Ltd. at the ratio of 1 BSRm Steels Ltd. Shares to 1 BSRM Iron & Steel Co. Ltd Shares .
2. The Company has gone into commercial operation on April 1, 2008, historical financial performance hasn't been provided.
3. Revaluation reserve has been added to reserve & surplus