Corporate Announcement  (May 3 , 2013)



Subject: Allotment of Equity Shares pursuant to exercise of stock options under ‘Indiabulls Wholesale Services Limited Employee Stock Option Scheme- 2011’ (hereinafter referred to as “IBWSL ESOP-2011”)

Dear Sirs,

We wish to inform you that upon exercise of stock options, vested in terms of IBWSL ESOP-2011, by certain eligible employees, the Compensation Committee of the Board of Directors of the Company has, at its meeting held today i.e. May 3, 2013, allotted an aggregate of 1,40,700 (One Lakh Forty Thousand Seven Hundred) Equity shares of face value Rs. 2/- each to such employees.

Consequent to the said allotment, the paid-up Equity share capital of the Company stands increased from Rs. 10,05,70,186/- divided into 5,02,85,093 Equity shares of face value Rs. 2/- each to Rs. 10,08,51,586/- divided into 5,04,25,793 Equity shares of face value Rs. 2/- each. 

Please take the aforesaid intimation on record.

Thanking you,

Yours truly,
For Indiabulls Wholesale Services Limited