WPIL open offer

Karvy Investor Services Ltd ("Manager to the Offer"), on behalf of M/s Asutosh Enterprises Ltd (AEL), M/s Hindusthan Udyog Ltd (HUL) & Mr. Prakash Agarwal ("Acquirers") has issued this Public Announcement ("PA") to the Shareholders/Beneficial owners of WPIL Ltd ("Target Company"), pursuant to Regulation 11(2A) and other provisions of Chapter III of the Securities And Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations 1997 and subsequent amendments thereto ("the Regulations").

The Offer:

The Acquirers are making an Open Offer to acquire 13.30% of the voting equity capital constituting 10,59,616 Equity Shares of Rs 10/- each of Target Company at a price of Rs 60/- per share (Rupees Sixty only) for each fully paid-up equity share of Target Company ("Offer Price") payable in cash. Mr. Prakash Agarwal is a shareholder and Managing Director of the Target Company and Director on the Board of HUL. AEL, HUL and Mr Prakash Agarwal have agreed to acquire the equity shares of Target Company tendered in the Open Offer in the proportion of 50:40:10 respectively.

Schedule of Activities:

Specified Date - December 05, 2007

Date of Opening of the Offer - December 28, 2007

Date of Closing of the Offer - January 16, 2008