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Consequently, Item No. 3 of the AGM Notice, which sought shareholder approval for her appointment, has been withdrawn.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.

Promoter Sanu Raghav acquired 2,350 equity shares of WS Industries in the open market on August 17, 2026. The transaction increases his direct equity stake to 16,170 shares, representing 0.021% of the company’s total voting capital.

The acquisition was disclosed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The filing was submitted on September 7, 2026.

Holding Details

Prior to this transaction, Sanu Raghav held 13,820 equity shares, accounting for 0.018% of the total share capital. He also held 10,00,000 warrants, which constitute 0.981% of the diluted share capital.

Following the open market purchase, his equity holding rose by 0.003%. There were no changes to his warrant holdings or encumbered shares during this period.

Capital Structure Context

WS Industries has a total equity share capital of ₹75,89,53,180, divided into 7,58,95,318 equity shares of ₹10 each. The total diluted share capital stands at ₹1,03,39,53,180, comprising 10,33,95,318 diluted shares.

The promoter’s total exposure, combining equity and warrants, represents 0.983% of the diluted capital base post-acquisition.