Wellworth Overseas - Outcome of EGM

Wellworth Overseas Ltd has informed BSE that the shareholders at the Extra Ordinary General Meeting (EGM) of the Company held on October 05, 2009, inter alia, have taken the following decisions:

1. Increased Authorized Share Capital of the Company from Rs. 51 Crores to Rs. 91 Crores.

2. Altered capital clause of Memorandum of Association.

3. Shareholders of the Company approve to Issue, offer and allot 40,00,00,000 (Forty
Crore) warrants convertible into Equity Shares at a price of Rs. 1/-, each on preferential
basis to the list of allottees as set out in the Notice calling the Extraordinary General
Meeting of the Company, dated August 13, 2009, in accordance with chapter VII of SEBI (Issue of Capital and Disclosure Requirement) Regulations, 2009.