WPIL Limited has submitted its quarterly compliance certificate to BSE Limited, fulfilling regulatory requirements under SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended 31st March, 2026.

Regulatory Compliance Filing

The company filed the mandatory certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 on 2nd April, 2026. This quarterly submission demonstrates WPIL Limited's commitment to maintaining regulatory compliance in its share transfer and dematerialization processes.

Dematerialization Process Confirmation

MCS Share Transfer Agent Limited, serving as the company's Registrar and Share Transfer Agent, issued the compliance certificate confirming adherence to regulatory requirements. The certificate validates that all securities received for dematerialization during the quarter were processed within the mandatory 15-day timeframe.

The registrar confirmed two critical compliance aspects:

• All securities in the certificates have been properly listed on stock exchanges
• Original certificates were duly verified, mutilated, and cancelled with the depository's name substituted as the registered owner in company records

Corporate Governance

U. Chakravarty, General Manager (Finance) and Company Secretary, signed the submission as the designated Compliance Officer. The filing was addressed to the Department of Corporate Services, Listing at BSE Limited, maintaining the company's transparent communication with regulatory authorities.

This quarterly compliance certificate filing reinforces WPIL Limited's commitment to maintaining proper corporate governance standards and regulatory adherence in its securities handling processes.

WPIL 's board of directors has approved the sale of all shares in its Australian subsidiary Sterling Pumps Pty Limited for AUD 2.34 million. The transaction represents a strategic divestment move as the company optimizes its international operations through internal restructuring.

Transaction Details

The board meeting held on March 24, 2026, formally approved the complete divestment of Sterling Pumps Pty Limited. The key parameters of the approved sale are outlined below:

Financial Performance Metrics

Sterling Pumps Pty Limited contributed significantly to WPIL's consolidated operations. The subsidiary's financial contribution is detailed below:

Strategic Restructuring

The buyer, Aturia International Pte. Ltd., is WPIL's Singapore subsidiary and special purpose vehicle. This internal restructuring means Sterling Pumps will cease to be a direct subsidiary but will continue as a step-down subsidiary of WPIL. The transaction has been structured as a related party transaction conducted on an arm's length basis.

Regulatory Compliance

WPIL has made the disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015, in compliance with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123. The board meeting commenced at 11:00 AM and concluded at 11:45 AM on March 24, 2026, with Executive Director K.K. Ganeriwala signing the regulatory filings.

Timeline and Completion

The transaction is structured with completion expected by March 31, 2026, providing a tight timeline for the divestment process. The agreement was entered into on the same day as the board approval, indicating swift execution of the strategic decision.