INDIABULLS WHOLESALE SERVICES LTD. - Outcome of Compensation Committee Meeting

Indiabulls Wholesale Services Ltd has informed BSE 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 on August 22, 2014, allotted an aggregate of 1,56,700 (One Lac Fifty Six Thousand Seven Hundred) Equity shares of face value Rs. 2/- each to such employees.<br/><br/>Consequent to the said allotment, the paid-up Equity share capital of the Company stands increased from Rs. 10,11,23,586/- divided into 5,05,61,793 of face value Rs. 2/- each to Rs. 10,14,36,986/- divided into 5,07,18,493 Equity shares of face value Rs. 2/- each.