Webel-Sl Energy - Outcome Of Board Meeting

Webel-Sl Energy Systems Ltd has informed that the Board of Directors of the Company at its meeting held on March 28, 2007, has approved the following:1. To issue of 986800 equity shares warrants on preferential basis in accordance with Chapter XIII of the SEBI (DIP) Guidelines,2000, with each warrant convertible into one equity share of the Company of nominal value of Rs 10/- each at a price of Rs 350/-per share which includes a premium of Rs 340/- per share to the following entities whether or not they are members of the Company upto the no. of shares mentioned against their respective names and on such terms and conditions as the Board may deem appropriate in its absolute discretion:a. S L Agarwal (Promoter) : 7,50,000 Warrantsb. Vinay Ajitsaria Karta (Non-Promoter) : 2,36,800 Warrants Vinay Ajitsaria (HUF)2. Approved the re-appointment of Mrs. S Vasanthi as Whole Time Director of the Company for a further period of 5 years with effect from March 01, 2007.