The Wadia Group has acquired 100% shareholding in Gherzi Eastern Limited "(GEL)", from the Gherzi Group, as a result of which now The Wadia Group is the sole promoter of GEL.

We would like to inform you that the name of 'Gherzi Eastern Limited' has been changed to "Wadia Techno-Engineering Services Limited" with effect from November 8th, 2012, the date of receipt of the fresh certificate of incorporation from the Registrar of Companies, Mumbai reflecting the said name.

Wadia Group was fully managing the operations and business of erstwhile Gherzi Eastern Ltd. It continues to do so in the new name of Wadia Techno-Engineering Services Ltd.