Corporate Announcement  (June 1, 2012)


Sub: Intimation of the outcome of Postal ballot in Indiabulls Wholesale Services Limited (“the Company”)

Dear Sir,

We wish to inform you that pursuant to Section 192A of the Companies Act, 1956 read with the Companies (Passing of the Resolution by Postal Ballot) Rules, 2001, as amended up to date, the shareholders of the Company have, by means of a postal ballot (the results whereof were announced today), passed with requisite majority, a Special Resolution under section 81(1A) of the Companies Act, 1956, as set out in the Postal Ballot Notice dated April 30, 2012.

You are requested to take the above information on record.

Thanking you,

Yours truly,

for Indiabulls Wholesale Services Limited