W. S. Industries (India) Ltd: Outcome of Board Meeting

W. S. Industries (India) Ltd has informed BSE that the Board of Directors of the Company at its meeting held on March 28, 2011, approved the transfer of 31,000 Equity Shares of Rs. 10/- each held by the Company [W. S. Industries (India) Limited (WSI)] in its subsidiary Company, W.S. Electric Limited (WSE) to its another subsidiary W.S. Insulators Limited (WSIN) for a consideration of Rs. 387.50 million (Rs. 12,500/- per share). The purchase consideration by WSIN to WSI will be discharged over a period of time.