The company made this announcement after trading hours on Thursday, 9 February 2012.

Meanwhile, the BSE Sensex was up 51.73 points, or 0.29% to Rs 17,882.48

On BSE, 5,226 shares were traded in the counter as against average daily volume of 3,487 shares in the past one quarter.

The stock opened with an upward gap, surging by the maximum 20% daily circuit and remained locked at the 20% level so far in the day. The stock had hit a 52-week high of Rs 290 on 27 April 2011. The stock had hit a 52-week low of Rs 152 on 27 December 2011.

The small-cap stock had outperformed the market over the past one month till 9 February 2012, gaining 37.99% compared with the Sensex's 12.75% rise. The scrip had also outperformed the market in past one quarter, rising 11.99% as against 2.7% return in the Sensex.

The company has an equity capital of Rs 10.10 crore. Face value per share is Rs 10.

To give effect to the transaction involving the sale of UPS business to Indo Asian Electric, the parties concerned have entered into a Business Transfer Agreement on Thursday, 9 February 2012, Numeric Power Systems said. Indo Asian Electric is a wholly owned subsidiary of Legrand France SA.

Numeric Power Systems said it will continue to carry on the other activities like Green Energy -- solar and wind Power, iron and alloy foundry production, LED lighting etc.

Numeric Power Systems' net profit fell 33.8% to Rs 7.21 crore on 2.8% growth in net sales to Rs 130.19 crore in Q3 December 2011 over Q3 December 2010.