W S Industries has fixed September 15, 2026, as the cut-off date for determining shareholder eligibility for its 63rd Annual General Meeting. The meeting is scheduled for September 22, 2026, at 2:30 pm via video conferencing.

AGM Schedule and Voting

The register of members and share transfer books will remain closed from September 16, 2026, to September 22, 2026, both days inclusive. Shareholders eligible to vote on record as of the cut-off date can exercise their voting rights through remote e-voting or during the meeting.

The remote e-voting facility will commence on Saturday, September 19, 2026, at 9:00 am and end on Monday, September 21, 2026, at 5:00 pm. This schedule allows shareholders three days to cast their votes electronically before the physical meeting date.

Financial Performance Context

The company reported a consolidated net turnover of ₹91.50 crore for FY26, a decline from ₹239.04 crore in FY25. EBITDA stood at ₹11.46 crore, down from ₹15.98 crore in the previous year. Profit before tax fell to ₹2.57 crore from ₹7.13 crore, while net profit turned positive at ₹1.82 crore, reversing a loss of ₹15.27 crore in FY25.

Board Appointments

Shareholders will vote on the appointment of Ms. Rajendran Stella Isabella and Mr. Joyjeet Bose as independent directors for a two-year term from August 10, 2026, to August 9, 2028. Both directors will receive a consolidated quarterly remuneration of ₹1,50,000, excluding sitting fees.

The board also seeks re-appointment of Mr. C.K. Venkatachalam as a director liable to retire by rotation.

Related-Party Transaction Approvals

The AGM includes three special resolutions for material related-party transactions:

• Contracts and Projects: Approval for transactions up to ₹100 crore with entities including CMK Projects Private Limited and Trineva Infra Projects Private Limited for contracts, sub-contracts, and infrastructure projects.
• Goods and Services: Approval for purchases, expense reimbursements, and project arrangements up to ₹100 crore with seven related parties, including Aura Power Private Limited.
• Borrowings: Approval for borrowings up to ₹50 crore from promoter-directors and related companies for working capital and project execution.

These proposed limits represent approximately 104.55% and 52.28% of the company’s FY26 consolidated turnover of ₹95.64 crore, respectively, triggering mandatory shareholder approval under SEBI LODR regulations.

Executive Remuneration

The Executive Chairman, Managing Director, and Joint Managing Director have voluntarily waived cash remuneration since July 2025. They will continue to receive only the facility of company-owned cars for official use. Whole-time Director Mr. K.V. Prakash will continue to receive a monthly remuneration of ₹5,00,000 along with similar vehicle facilities until July 21, 2027.

Promoter Mamatha P acquired 11,499 equity shares of W S Industries (India) Ltd through open market transactions on August 24 and 25, 2026.

The acquisition was disclosed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The filing confirms the shares were purchased in the secondary market rather than through private placement or rights issues.

Shareholding Changes

Prior to these transactions, Mamatha P held 1,77,935 shares carrying voting rights, representing 0.234% of the company’s total share capital. She also held 8,42,853 shares under encumbrance (pledge/lien), accounting for 1.110% of the capital. Her total interest before the acquisition stood at 10,20,788 shares or 1.344% of the voting capital.

Following the purchase, her holding in shares carrying voting rights increased to 10,32,287, raising her stake to 1.360% of the total share capital. The total diluted shareholding remained at 0.96%.

The company’s total equity share capital remains at ₹75,89,53,180, divided into 7,58,95,318 equity shares of ₹10 each. The total diluted share capital is ₹1,03,39,53,180, comprising 10,33,95,318 diluted shares.