W.S. Industries (India) Limited has notified the stock exchanges of an upcoming Board of Directors meeting, scheduled for Thursday, May 14, 2026. The intimation was filed on May 8, 2026, in compliance with Regulation 29(1)(a) and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Board Meeting Agenda

The Board meeting has been convened to deliberate on and approve key financial and corporate matters. The following items are on the agenda:

Upon conclusion of the Board meeting, the audited financial results, together with the Auditor's Report and requisite disclosures, will be submitted to the stock exchanges immediately, as required under the SEBI LODR Regulations.

Trading Window Closure

In accordance with the SEBI (Prohibition of Insider Trading) Regulations, 2015 and the company's Code of Conduct for Prevention of Insider Trading, the Trading Window for dealing in the securities of W.S. Industries (India) Limited will remain closed until 48 hours after the declaration of the aforesaid financial results. This closure had already been communicated to the exchanges via an earlier intimation.

Company Details

The regulatory filing was signed by V. Balamurugan, Company Secretary, on behalf of W.S. Industries (India) Limited. Key details of the company are as follows:

The company has requested both BSE Limited and the National Stock Exchange of India Limited to take the above information on record.

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.