WS Industries Approves Rs. 18.25 Crore Securities Redemption and Q3 FY26 Results
WS Industries board approved redemption of Rs. 9.25 crore preference shares and Rs. 9.00 crore debentures held by Trala Electromech Systems Private Limited, subject to shareholder approval on 20th February 2026. The company reported Q3 FY26 standalone revenue of Rs. 20.57 crore with a net loss of Rs. 2.05 crore, showing improved performance compared to the previous year's loss of Rs. 23.71 crore.
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WS Industries (India) Limited's board of directors has approved significant financial restructuring measures alongside the company's quarterly results for Q3 FY26. The board meeting held on 14th February 2026 addressed multiple strategic decisions including securities redemption and financial performance review.
Major Securities Redemption Approved
The board approved the redemption of substantial securities held by Trala Electromech Systems Private Limited, totaling Rs. 18.25 crore across two categories:
| Security Type: | Details |
|---|---|
| Preference Shares: | 9,25,000 Non-convertible Cumulative Redeemable Preference Shares of Rs. 100/- each |
| Redemption Value: | Rs. 9,25,00,000/- (Rupees Nine Crore Twenty-Five Lakhs only) |
| Debentures: | 90,00,000 Non-Convertible Debentures of Rs. 10/- each |
| Debenture Value: | Rs. 9,00,00,000/- (Rupees Nine Crore only) |
| Total Redemption: | Rs. 18,25,00,000/- |
Both securities are unlisted and privately placed. The preference share holder has waived its entitlement to cumulative dividend up to the redemption date, meaning no dividend will be payable if redemption occurs on or before 31st March 2026. For the debentures, interest will be paid up to the actual redemption date according to original terms, provided redemption happens by 31st March 2026.
Q3 FY26 Financial Performance
The company's standalone unaudited financial results for the quarter ended 31st December 2025 showed mixed performance:
| Financial Metric: | Q3 FY26 | Q3 FY25 | Change |
|---|---|---|---|
| Revenue from Operations: | Rs. 20.57 crore | Rs. 65.59 crore | Decline |
| Total Income: | Rs. 20.77 crore | Rs. 66.46 crore | Decline |
| Net Loss: | Rs. 2.05 crore | Rs. 23.71 crore | Reduced Loss |
For the nine months ended 31st December 2025, the company reported revenue from operations of Rs. 70.67 crore compared to Rs. 199.37 crore in the corresponding period of the previous year. The net loss for the nine-month period was Rs. 0.53 crore, significantly improved from the Rs. 13.82 crore loss in the previous year.
Funding and Approval Requirements
The redemption of both preference shares and debentures will be funded through proceeds raised from the preferential issue of equity shares previously approved by shareholders. Both redemption proposals require approval at the 3rd Extra-Ordinary General Meeting of FY 2025-26 scheduled for 20th February 2026.
Consolidated Results and Subsidiaries
The consolidated financial results include performance from subsidiaries WSI Falcon Infra Projects Private Limited and WSI-P&C Verticals Private Limited. The consolidated revenue from operations for Q3 FY26 was Rs. 20.57 crore, with a net loss of Rs. 1.91 crore.
Recent Corporate Actions
During the quarter under review, the company issued 22,500,000 convertible warrants on 29th October 2025, receiving 25% upfront consideration. Additionally, 2,000,000 equity shares were allotted on the same date. In the previous quarter, the company had converted 535,120 convertible warrants into fully paid-up equity shares on 17th July 2025.
Historical Stock Returns for WS Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.38% | -5.84% | -10.58% | -12.57% | -15.00% | +1,809.37% |
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