S. Aravindan, a promoter of WS Industries , acquired 8,869 equity shares of the company through an open market transaction on September 3, 2026.

The acquisition was disclosed pursuant to Regulation 29(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The filing, dated September 8, 2026, details the change in shareholding structure following the purchase.

Shareholding Changes

Prior to this transaction, S. Aravindan held 46,92,622 equity shares carrying voting rights, representing 6.183% of the company’s total voting capital. He also held 5,00,000 warrants/convertible securities, which accounted for 5.02% of the diluted voting capital. No shares were encumbered or pledged before the acquisition.

Following the purchase of 8,869 shares, his holding in equity shares increased to 47,01,491, raising his stake in the total voting capital to 6.194%. The holding in warrants remained unchanged at 5,00,000, now representing 5.03% of the diluted voting capital.

Capital Structure Context

The company’s equity share capital stands at ₹75,89,53,180, divided into 7,58,95,318 equity shares of ₹10 each. This figure remained constant before and after the transaction. The total diluted share/voting capital is ₹1,03,39,53,180, comprising 10,33,95,318 diluted shares of ₹10 each, assuming full conversion of outstanding convertible securities.

What the Numbers Show

The acquisition represents a marginal increase of 0.011% in the promoter’s voting stake. While the absolute number of shares purchased is small relative to the total capital base, the transaction reinforces the promoter’s existing position without altering the overall control dynamics significantly. The continued holding of significant warrant positions indicates potential for future dilution upon conversion.

W.S. Industries (India) Limited issued a corrigendum to the notice of its 63rd Annual General Meeting, withdrawing the proposal to appoint Ms. Rajendran Stella Isabella as an Independent Director. The company scheduled the meeting for September 22, 2026, to be held via Video Conferencing or Other Audio-Visual Means.

Ms. Isabella, who was appointed as an Additional Director in the category of Non-Executive Independent by the Board on August 10, 2026, tendered her resignation effective September 4, 2026. She cited pre-occupation and personal reasons for her departure and confirmed there were no other material reasons for her resignation.

Agenda Changes

Consequently, Item No. 3 of the AGM Notice, which sought shareholder approval for her appointment, has been withdrawn. The corresponding resolution, explanatory statement, and disclosures are treated as deleted from the notice. The company has disabled voting for this item, and any votes cast will not be considered.

The withdrawal does not alter the numbering or content of other agenda items. All other business items remain unchanged as per the original notice dispatched on August 27, 2026.

Other Key Agenda Items

The remaining special business items include:

• Appointment of Mr. Joyjeet Bose as an Independent Director.
• Approval of remuneration terms for Executive Chairman Mr. S. Nagarajan, Managing Director Mr. C.K. Venkatachalam, Joint Managing Director Mr. S. Anandavadivel, and Whole Time Director Mr. K.V. Prakash.
• Omnibus approval for material related party transactions with entities including CMK Projects Private Limited and Trineva Infra Projects Private Limited, up to an aggregate value of ₹100 crore.
• Approval for borrowing funds from related parties up to an aggregate limit of ₹50 crore.

The company stated that these transactions are necessary for project execution and working capital requirements in its infrastructure and construction business.