W.S. Industries (India) Limited has filed a disclosure under Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, informing stock exchanges of a matter examined by its Audit Committee under the SEBI (Prohibition of Insider Trading) Regulations, 2015 ("PIT Regulations"). The disclosure, dated 14th May 2026, pertains to equity share purchases made by Mrs. Padminisundaram Kulandaisamy, who has been subsequently classified under the Promoter Group category for compliance purposes.

Background of the Matter

Based on beneficiary position data received and reviewed by the company, it was observed that Mrs. Padminisundaram Kulandaisamy had purchased equity shares of W.S. Industries across two distinct periods. The Audit Committee noted that at the relevant time, she was not identified as a Designated or Connected Person due to non-availability of complete disclosure under the applicable framework. The Designated Person (DP) linked to this matter is Chinniampalayam Kulandaisamy Venkatachalam, Managing Director of the company and a Promoter, of whom Mrs. Padminisundaram Kulandaisamy is the sister.

Details of Transactions

The equity share purchases under review were executed across four trading dates spanning two separate periods. The transaction-wise details, as reported in Annexure-I filed pursuant to SEBI Circular No. SEBI/HO/ISD/ISD/CIR/P/2020/135 dated 23rd July 2020, are as follows:

In aggregate, 10,000 equity shares were purchased during the period from 22nd November 2024 to 29th November 2024, and 7,500 equity shares were purchased during the period from 26th September 2025 to 03rd October 2025.

Audit Committee Findings

Upon examination of the matter, the Audit Committee observed that no instance of trading while in possession of Unpublished Price Sensitive Information (UPSI) was identified. Based on communications received from Mrs. Padminisundaram Kulandaisamy and internal verification undertaken by the company, the Audit Committee concluded that the matter represented a disclosure-dependent identification gap and did not constitute a violation of Regulation 4(1) of the PIT Regulations. Subsequent review resulted in the post-facto classification of Mrs. Padminisundaram Kulandaisamy under the Promoter Group category for compliance purposes under applicable SEBI Regulations.

On the question of disgorgement and notional gain, the Audit Committee noted that such computation generally arises in situations involving:

• Trading during Trading Window closure periods
• Trading by Designated or Connected Persons in contravention of the PIT Regulations
• Circumstances indicating trading while in possession of UPSI

Since none of these instances were identified in the present matter, the Audit Committee concluded that disgorgement and/or computation of notional gain was not warranted.

Corrective and Preventive Measures

Following the review, W.S. Industries has initiated and implemented a set of corrective and preventive measures to address the identification gap and strengthen its compliance framework:

• Updation of promoter group and compliance classification records
• Communication of applicable PIT compliance requirements to the concerned persons
• Strengthening of disclosure monitoring and internal control mechanisms
• Temporary freezing of securities at ISIN level during the review process, as a prudential measure

The company has stated that no violations of the Code of Conduct were observed and no previous instances of violations have been recorded since the last financial year. The disclosure has been made in the interest of transparency, good governance, and regulatory prudence, as the company confirmed that no violation of the PIT Regulations has been established.

W.S. Industries (India) Limited has filed a revised disclosure under Regulation 30 of SEBI LODR Regulations following BSE's request for additional details regarding the Audit Committee's review of share transactions by Renaatus Procon Private Limited (RPPL) during a trading window closure period. The enhanced disclosure, submitted on 30th April 2026, provides complete particulars of the Designated Person and immediate relative information as requested by the exchange.

Transaction Details and Timeline

The matter involved RPPL's purchase of 2,000 equity shares between 6th April 2026 and 10th April 2026, coinciding with the trading window closure declared for approval of audited financial results for the financial year ended 31st March 2026.

Enhanced Designated Person Details

The revised disclosure provides comprehensive particulars of all parties involved:

Audit Committee Findings and Corrective Actions

The Audit Committee's examination on 29th April 2026 revealed that RPPL was not identified as a Designated or Connected Person at the relevant time due to non-availability of complete disclosure under the prescribed framework. The committee found no instance of trading while in possession of Unpublished Price Sensitive Information (UPSI) and concluded the matter represents a disclosure-dependent identification gap rather than a violation of Regulation 4(1) of the PIT Regulations.

The company has implemented several corrective measures including post-facto classification of RPPL as a Promoter Group entity, communication of PIT compliance requirements, strengthening of disclosure and internal control mechanisms, and temporary freezing of securities at ISIN level during the review process.

Conservative Disgorgement Methodology

Despite concluding no violation occurred, the company adopted a conservative approach to evaluate notional gain using the formula: Notional Gain = (Closing Price on Benchmark Date – WAP of shares acquired during Trading Window closure) × Quantity of Shares (2,000 Shares). Any notional gain determined will be advised for disgorgement to the Investor Protection and Education Fund (IPEF) in accordance with SEBI provisions. If the computation results in a negative value, the notional gain shall be considered as Nil.

The disclosure was made pursuant to Regulation 30 read with Schedule III of the SEBI LODR Regulations and SEBI Circular dated July 23, 2020, reflecting the company's commitment to transparency, good governance, and regulatory prudence.