W. S. Industries (India) Ltd has informed BSE that W.S. Electric Ltd, a subsidiary of the Company, has proposed a Scheme of Arrangement (De-merger) between itself and its two wholly owned subsidiary Companies viz. W.S.Technology Parks Ltd. (WSTPL) and W.S. Infotech Holdings Ltd. (WSIHL) for operational convenience. The scheme is subject to the approval of the shareholders of all the three Companies and the Hon'ble High Court of Madras at Chennai. Necessary petitions for sanction of the Scheme have been filed in the Hon'ble High Court of Madras on April 27, 2010. Further the Company has informed that, consequent to the implementation of the Scheme, there will not be any change in the shareholding pattern of W.S. Electric Ltd. which will continue to remain the subsidiary of the Company.