Pursuant to approval of the Shareholders through Postal Ballot Notice dated 12th January 2022 and the result dated 22nd February 2022, W S Industries India Ltd has undertaken to sell 70000 equity shares of Rs.10/- each held by it in its subsidiary company, M/s.Vidagara Tech Park Private Limited (the "Subsidiary") to M/s.TAFE Motors and Tractors Limited, for an aggregate consideration of Rs. 7,00,000/-. For this purpose, a share purchase agreement was entered on 3rd March 2022 and the closing shall occur on 4th March 2022.
The Buyer does not belong to promoter group.