Windsor Machines promoter stake rises to 42.95%

Windsor Machines Limited promoter Ramesh Keshubhai Siyani increased his shareholding through the conversion of warrants into equity shares. The acquisition, which took place between June 11, 2026, and June 24, 2026, involved 34,80,000 equity shares. This conversion was part of a preferential allotment process that received trading approval from both the National Stock Exchange of India Limited (NSE) and BSE Limited on June 24, 2026, with listing effective June 25, 2026.

Acquisition Details

The shares were acquired at a price of ₹191.85 each, comprising a face value of ₹2 and a premium of ₹189.85. Following this transaction, the total equity share capital of Windsor Machines Limited increased to ₹20,34,54,024, consisting of 10,17,27,012 equity shares. The total diluted share capital post-acquisition stands at ₹20,69,18,834, comprising 10,34,59,417 equity shares.

Shareholding Pattern

The disclosure was made under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Prior to the acquisition, the acquirer, Ramesh Keshubhai Siyani, along with his Person Acting in Concert (PAC), Plutus Investments and Holding Private Limited, held 39.53% of the total share capital. After the conversion of warrants, their combined holding has risen to 42.95% of the total share capital and 43.91% of the total diluted share capital.

Holding Summary

Parameter	Before Acquisition	After Acquisition
Acquirer Shares	52,12,405	86,92,405
PAC Shares	3,50,02,247	3,50,02,247
Total Shares	4,54,27,057	4,54,27,057
Total % Holding	39.53%	42.95%
Diluted % Holding	43.91%	43.91%

Lock-in and Trading

The newly allotted shares are subject to a lock-in period, restricting sale in the open market until December 31, 2027. The shares are traded under the symbol WINDMACHIN on the NSE and Scrip Code 522029 on the BSE.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.37%	+1.56%	-4.61%	+25.60%	-15.56%	+752.32%

Windsor Machines Limited shareholders have approved the sale of its industrial property in Thane, Maharashtra, alongside key managerial appointments and remuneration revisions. The resolutions were passed via a remote e-voting process that concluded on June 27, 2026, as detailed in the scrutinizer's report submitted to the stock exchanges.

The company sought approval to sell, transfer, or otherwise dispose of immovable properties, specifically Industrial Plots along with Building Construction and fixed assets located at Plots No. E-6 and E-6(A) in the Wagale (Thane) Industrial Area. This proposal was approved under Section 180(1)(a) of the Companies Act, 2013. Additionally, shareholders sanctioned an increase in the limit of managerial remuneration payable to Mr. Vinay Bansod, Whole-time Director and Chief Executive Officer.

In a significant governance development, the postal ballot also approved the appointment of Mr. Dharmendra Becharbhai Varasada as an Executive Director of the company for a term of three consecutive years. All three proposals were passed as special resolutions, requiring a higher threshold of shareholder approval.

Voting Results

The remote e-voting was conducted by Central Depository Services (India) Limited (CDSL), with Ms. Rama Subramanian, Company Secretary in Practice, serving as the Scrutinizer. The voting period commenced on May 29, 2026, and concluded on June 27, 2026. A total of 60 members participated in the process, representing 48,084,454 shares.

Resolution Description	Votes For	Votes Against	% For	% Against
Sale of Thane Industrial Plots	48,061,077	23,377	99.951	0.049
Increase in remuneration for Mr. Vinay Bansod	48,082,929	1,525	99.997	0.003
Appointment of Mr. Dharmendra Becharbhai Varasada as Executive Director	46,128,383	1,419	95.932	0.003

The Scrutinizer certified that the special resolutions were passed with the requisite majority. The record date for determining eligibility was May 22, 2026. The results were declared to BSE Limited and National Stock Exchange of India Limited on June 29, 2026.