WS Industries (India) Limited has successfully completed its preferential issue, allotting securities worth Rs 149.43 crore to non-promoter Foreign Portfolio Investors (FPIs) on January 2, 2026. The infrastructure sector company's Allotment Committee approved the allocation following shareholder approval at the Extraordinary General Meeting held on December 12, 2025.

Preferential Issue Completion

The company's Allotment Committee, in its meeting held on January 2, 2026, approved the allotment of securities to identified non-promoter entities. The allotment received in-principle approvals from both stock exchanges on December 18, 2025, following the EGM approval.

Investor Allocation Details

The preferential issue was subscribed by two major FPI investors, with partial subscription noted for one investor:

Partial Subscription Impact

M7 Global Fund PCC – Cell Dewcap Fund subscribed partially to the offered securities. The fund was originally offered 95,00,000 equity shares but subscribed to only 49,43,125 shares, leaving 45,56,875 shares unsubscribed. The unsubscribed portion has lapsed in accordance with regulatory provisions.

Convertible Warrants Terms

The 50,00,000 convertible warrants allotted to Vikasa India EIF I Fund carry specific conversion terms:

Previous Financial Performance

For the quarter ended September 30, 2025, WS Industries reported consolidated results showing a significant year-over-year decline:

Strategic Implications

The successful completion of the preferential issue, despite partial subscription, provides WS Industries with Rs 149.43 crore in capital to support its growth initiatives. The company had previously converted 5,35,120 warrants into equity shares in July 2025, demonstrating ongoing capital structure optimization efforts.

The allotment increases the company's equity base and provides financial flexibility as it navigates the challenging business environment reflected in its recent quarterly performance. The participation of established FPI investors signals continued institutional confidence in the company's long-term prospects.

W.S. Industries (India) Limited has reported a change in its promoter shareholding. According to a recent regulatory disclosure, promoter S. Aravindan has increased his stake in the company through an open market purchase on December 23, 2025.

Key Details of the Transaction

Impact on Shareholding Structure

The acquisition has resulted in a marginal increase in S. Aravindan's stake in W.S. Industries (India) Limited. Following this transaction, his total shareholding now stands at 4,593,018 shares, representing 6.97% of the company's equity share capital.

Company Share Capital Details

Additional Holdings

Apart from equity shares, S. Aravindan also holds 500,000 warrants/convertible securities that entitle him to receive shares carrying voting rights in the company, representing 5.54% of the total diluted share capital.

Regulatory Compliance

This disclosure has been made in compliance with Regulation 29(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The company has duly informed BSE Limited and National Stock Exchange of India Limited about this change in promoter shareholding.