Webel-Sl Energy Board Meeting on Jul 05, 2007 to consider allotment of 9,86,800 shares

Webel-Sl Energy Systems Ltd has announced that a meeting of the Board of Directors of the Company will be held on July 05, 2007, to consider allotment of 9,86,800 equity share warrants to the following entities as mentioned below, in accordance with the guidelines for preferential issue under SEBI (Disclosure & Investor Protection) Guidelines, 2000 and subsequent amendments thereto, with each warrant convertible into one equity share of the Company of nominal value of Rs 10/- each at a price of Rs 350/- per share which includes a premium of Rs 340/- per share.)

1. S L Agarwal (Promoter): 7,50,000 Equity Share Warrants

2. Vinay Ajitsaria-HUF (Non-Promoter): 2,36,800 Equity Share Warrants.

Source : Equity Bulls

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