WS Industries (India) Limited has disclosed the creation of an encumbrance on equity shares by one of its promoters, as mandated under SEBI regulations. The disclosure pertains to a pledge transaction executed to secure financing for personal business activities.

Encumbrance Details

P Mamatha, a member of the promoter group, has pledged a significant portion of her shareholding in the company. The encumbrance was created on March 31, 2026, and reported to the stock exchanges on April 2, 2026.

Shareholding Position

The promoter's shareholding structure before and after the pledge creation shows the impact of the encumbrance on her total holdings.

Regulatory Compliance

The disclosure was made in accordance with Regulation 31(3) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The company has informed both BSE Limited and National Stock Exchange of India Limited about the encumbrance creation.

The pledge represents a standard financing arrangement where promoters use their shareholding as collateral for business funding. The encumbrance does not affect the promoter's voting rights or ownership percentage in the company, but restricts the free transfer of the pledged shares until the underlying obligation is fulfilled.

WS Industries (India) Limited has successfully completed the redemption of securities worth ₹18.25 crore on March 31, 2026. The transaction involved the full redemption of Non-Convertible Cumulative Redeemable Preference Shares and partial redemption of Non-Convertible Debentures, both held by Trala Electromech Systems Private Limited.

Securities Redemption Details

The redemption comprised two distinct categories of securities, both executed at par value on the same date.

Funding and Approval Process

The redemption was funded through proceeds raised from a preferential issue of equity shares. This funding mechanism was approved by shareholders at the company's 3rd Extra-Ordinary General Meeting of FY 2025-26, which was conducted on February 20, 2026.

Dividend and Interest Treatment

The transaction involved specific arrangements regarding dividend and interest payments:

• Preference Shares: The holder waived entitlement to cumulative dividends up to the redemption date, resulting in no dividend payment at redemption
• Debentures: Interest was paid up to the actual redemption date in accordance with the original terms of issue
• Terms Modification: No modifications were made to the original terms of issuance for either security type

Regulatory Compliance

The redemption was executed in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023. Both categories of securities were unlisted at the time of redemption.

Transaction Significance

This redemption represents a strategic financial restructuring for WS Industries, utilizing fresh equity capital to retire existing preference shares and reduce debenture obligations. The transaction was completed as a continuation of the board meeting outcome communicated on February 14, 2026, demonstrating the company's commitment to optimizing its capital structure through systematic debt reduction.