The Board of Directors of W.S. Industries (India) Limited , at its meeting held on 27th July, 2026, approved the company's entry into a Binding Tripartite Term Sheet for the development of a senior living/senior care residential project at Poonamalee, Outer Ring Road (ORR), Chennai, Tamil Nadu. The term sheet involves three parties: W.S. Industries (India) Limited as the Developer, M/s. SIXP Realty Private Limited as the Landowner, and M/s. Bharathi & Associates Asset Building Private Limited as the Marketing Co-Developer. The term sheet is legally binding and enforceable upon all parties in accordance with its terms, and is set to be executed on or after 27th July, 2026.

Project Overview

The proposed senior living/senior care residential project is to be developed in phases on approximately 4.00 acres of land located at Poonamalee, ORR, Chennai, Tamil Nadu. The key project parameters are outlined below:

All project parameters are subject to applicable statutory approvals.

Roles and Responsibilities of the Parties

Each party to the Binding Tripartite Term Sheet has been assigned distinct roles and responsibilities for the development and execution of the project:

• W.S. Industries (India) Limited (Developer): Responsible for end-to-end development and execution of the project, in phases, and for applying for, raising, and arranging the Working Capital facilities required for the project.
• M/s. SIXP Realty Private Limited (Landowner): Shall provide the project land for development and make it available as security/collateral for the Working Capital facilities, subject to the terms stipulated by the concerned lender(s) and execution of requisite financing and security documents.
• M/s. Bharathi & Associates Asset Building Private Limited (Marketing Co-Developer): Shall undertake branding, marketing, and sales activities, along with such other responsibilities as may be agreed between the parties.

Commercial Arrangement

The consideration structure under the Binding Tripartite Term Sheet has been defined for both the Developer and the Marketing Co-Developer:

The company has confirmed that this transaction does not fall within related party transactions.

Working Capital and Security Arrangement

The Board also approved the company's proposal to apply for, raise, and arrange Working Capital facilities required for the development and execution of the project. The proposed Working Capital facilities are intended to be secured, inter alia, against the project land owned by the Landowner. Where required by the concerned lender(s), additional security may be offered by way of hypothecation, assignment, charge, or other appropriate security interest over current assets and other assets of the project, including receivables, inventory, stocks, book debts, and other movable and/or current assets, whether existing or created/acquired in connection with such Working Capital facilities. These facilities are proposed to be availed subject to sanction by the concerned lender(s) and applicable approvals.

Next Steps and Definitive Agreement

The Binding Tripartite Term Sheet contemplates the subsequent execution of a detailed Tripartite Joint Venture/Development Agreement or other definitive agreement between the parties, setting out the detailed rights, obligations, and responsibilities of each party, subject to satisfaction of applicable conditions precedent. The company has clarified that it has not undertaken any obligation towards the Landowner's Assured Return or any shortfall thereunder. Any guarantee, indemnity, or other security obligation, if applicable, shall be specifically set out in the definitive agreement and related financing documents, subject to applicable approvals. The Board meeting commenced at 17.35 Hrs and concluded at 17.45 Hrs on 27th July, 2026.

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.