W.S. Industries (India) Limited has submitted an additional disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, regarding the examination of trading transactions by M/s. Renaatus Procon Private Limited ("RPPL"). This follows the company's previous disclosures dated 29th and 30th April 2026 concerning the review of share purchases made during the Trading Window closure period.

Background and Methodology

The Board of Directors approved the Audited Financial Results for the quarter and financial year ended 31st March 2026 on 14th May 2026. Consequently, the Trading Window, which was closed pursuant to the SEBI (Prohibition of Insider Trading) Regulations, 2015 ("PIT Regulations"), reopened. The company designated 18th May 2026, the first trading day following the reopening, as the benchmark date for computing notional gain. The Audit Committee had previously adopted a conservative methodology for this calculation.

Transaction Details

RPPL purchased 2,000 equity shares during the Trading Window closure period in April 2026. The transaction details are as follows:

The weighted average purchase price (WAP) was calculated at Rs. 75.46 per share, derived by dividing the total purchase consideration of Rs. 1,50,925 by 2,000 shares.

Notional Gain Computation

The closing market prices on the benchmark date (18th May 2026) were Rs. 67.50 on the BSE and Rs. 66.92 on the NSE. Applying the formula: Notional Gain = (Closing Price on Benchmark Date - Weighted Average Purchase Price) × Total Quantity of Shares, the computation yielded a negative value under both exchanges.

Audit Committee Conclusion

As the computed figures reflected a negative value in both scenarios, the company confirmed that no notional gain arises and therefore no disgorgement amount is payable. This disclosure is without prejudice to the Audit Committee's earlier conclusion that no violation of Regulation 4(1) of the PIT Regulations was established and no instance of trading while in possession of Unpublished Price Sensitive Information (UPSI) was observed. The company stated that this disclosure is made in the interest of transparency, good governance, and regulatory prudence.

W.S. Industries (India) Limited held its Board of Directors meeting on May 14, 2026, and approved the audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026. The meeting, convened pursuant to Regulation 30 and 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, commenced at 16:00 hrs and concluded at 17:30 hrs. The results were reviewed by the Audit Committee on the same date and subsequently approved by the Board. Statutory Auditors M/s. P. Chandrasekar LLP issued unmodified opinions on both the standalone and consolidated financial statements.

Auditor Appointments

Alongside the financial results, the Board approved key auditor appointments for the company. The following appointments were made at the meeting:

M/s. R. Subramanian and Company LLP, established in 1974, comprises 14 partners supported by around 150 professionals with offices in Chennai, Bangalore, Mumbai, Delhi, and Hyderabad, with expertise in audit & assurance, taxation, and corporate advisory services. M/s. Sudarshan & Ranganathan, established in 1988, comprises 3 partners supported by around 10 professionals with an office in Chennai, offering expertise in audit & assurance, taxation, and corporate advisory services.

Standalone Financial Performance

W.S. Industries reported a standalone net profit of ₹1.81 crores for the financial year ended March 31, 2026, a significant turnaround compared to a net loss of ₹15.27 crores in the previous financial year. Revenue from operations stood at ₹91.50 crores for the year, compared to ₹239.04 crores in the prior year. Total income for the year was ₹93.51 crores against ₹240.91 crores previously. The following table presents the key standalone financial metrics:

The company's paid-up equity share capital stood at ₹75.89 crores (face value ₹10 per share) as at March 31, 2026, compared to ₹63.38 crores in the previous year. Reserves excluding revaluation reserve were ₹430.44 crores as at March 31, 2026.

Standalone Balance Sheet Highlights

On a standalone basis, total assets grew to ₹625.65 crores as at March 31, 2026, from ₹495.82 crores as at March 31, 2025. Total equity increased significantly to ₹513.12 crores from ₹317.22 crores, driven by capital-raising activities during the year. Key balance sheet items are summarised below:

The standalone cash flow statement reflects net cash used in operating activities of ₹5.04 crores and net cash used in investing activities of ₹158.67 crores for the year ended March 31, 2026, while financing activities generated net cash inflows of ₹166.34 crores.

Consolidated Financial Performance

The consolidated results encompass W.S. Industries (India) Limited (Holding Company), WSI Falcon Infra Projects Private Limited (Subsidiary, 51% holding), and WSI-P&C Verticals Private Limited (Wholly Owned Subsidiary). On a consolidated basis, the group reported a net profit of ₹2.21 crores for the financial year ended March 31, 2026, compared to a net loss of ₹17.75 crores in the prior year. Consolidated revenue from operations was ₹91.50 crores against ₹239.04 crores previously, while total revenue stood at ₹95.64 crores versus ₹243.04 crores. Key consolidated financial metrics are as follows:

Consolidated total assets stood at ₹540.22 crores as at March 31, 2026, compared to ₹408.75 crores as at March 31, 2025. Total consolidated equity increased to ₹394.66 crores from ₹198.38 crores.

Capital-Raising Activities and Fund Utilisation

During FY 2025-26, the company undertook two preferential issues of equity shares and convertible warrants. Under the 1st Issue (commenced October 15, 2025), a total of ₹76.25 crores was raised against a proposed ₹245.00 crores, of which ₹62.31 crores was utilised and ₹13.94 crores remained unutilised. Under the 2nd Issue (commenced December 19, 2025), ₹111.93 crores was raised against a proposed ₹149.43 crores, of which ₹26.22 crores was utilised and ₹85.71 crores remained unutilised. During the year, the company also redeemed 9,25,000 Non-convertible Cumulative Redeemable Preference shares aggregating to ₹9.25 crores and partially redeemed 90,00,000 Non-convertible Debentures aggregating to ₹9 crores along with interest up to the date of redemption. Additionally, 1,866,222 unexercised convertible share warrants issued on September 5, 2024 were forfeited on March 4, 2026, aggregating to ₹6.97 crores.

Key Notes and Disclosures

The company noted that during FY 2022-23, long outstanding overseas creditors and debtors with credit balances pertaining to the discontinued Electro-porcelain products division amounting to ₹5.55 crores were written back; management is in the process of obtaining necessary approvals from competent authorities, and the impact, if any, is not ascertainable at this point. Exceptional items of ₹0.32 crores represent bad debts previously written off pertaining to the Turnkey Business Project Unit that were recovered during Q1 of FY 2025-26. The company operates primarily in the Infra segment and is not required to present segment information. The filing was signed by Chairman Seyyadurai Nagarajan (DIN: 07036078) and Company Secretary V. Balamurugan on behalf of W.S. Industries (India) Limited.