WEP Solutions has informed that the Board of Directors of the Company at its meeting held on October 26, 2013, has discussed and approved the allotment of 1,17,41,964 new equity shares to the shareholders of Transferor Company (WeP Peripherals Limited) under the Scheme of Arrangement approved by the Honble High Court of Karnataka.
The above information is a part of company’s filings submitted to BSE.