Western India Shipyard will start trading from today after reduction of share capital. ISIN ID of the stock changed to INE382C01028 from INE382C01010.

Brief particulars of the scheme of reduction in equity capital are as mentioned below:

a)      The Reduction in Capital of the Company was approved by the Hon'ble High Court of Judicature at Bombay, vide its order dated June 29, 2007.

b)      Effective date: July 13, 2007.

c)      The issued, subscribed and paid-up capital of the Company stand reduced from Rs.10854.074 lacs consisting of 10,85,40,740 equity shares of face value of Rs.10/- each fully paid up to Rs.2170.8148 lacs consisting of 10,85,40,740 equity shares of Re 2 each fully paid up. The reduction in capital was effected by reducing the face value of equity shares from Rs 10 to Rs 2 per share.

January 01, 2008, the company had fixed January 16, 2008 as Record Date, for giving effect to the reduction in share capital and accordingly dealing in the abovementioned securities of the company was stopped with effect from January 09, 2008.