The Board of Directors of Artech Power Products Ltd at its meeting held on December 11, 2014, has allotted 1,46,50,000 Equity Shares of Rs. 10/- each at par on preferential basis consequent on receiving of in principle approval for the issue and allotment of such shares by Stock Exchange vide letter dated December 02, 2014 and upon receiving the allotment money from the proposed allottees.