W.S. Industries (India) Limited announced the outcome of its board meeting held on January 21, 2026, where directors approved crucial decisions regarding fund utilisation and corporate governance matters. The meeting, conducted under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, addressed strategic financial restructuring and shareholder engagement initiatives.

Fund Utilisation Revision Approved

The board approved a comprehensive proposal for revision and rearrangement in the utilisation of funds raised through the preferential issue of equity shares and convertible warrants. This decision follows the shareholders' approval at the second Extra-Ordinary General Meeting of FY 2025-26, held on December 12, 2025. The revision became necessary due to partial subscription of equity shares and the company's reprioritised deployment of funds.

Timeline Extension for Convertible Warrants

The board also approved extending the timeline for utilisation of funds raised through the preferential issue of convertible warrants. These funds were originally approved by shareholders at the Extra-Ordinary General Meeting held on May 2, 2024. The extension provides the company with additional flexibility to deploy the raised capital effectively according to evolving business priorities.

Extra-Ordinary General Meeting Scheduled

The board approved convening the third Extra-Ordinary General Meeting of FY 2025-26, scheduled for February 20, 2026, at 2:30 PM. The meeting will be conducted through video conferencing or other audio-visual means, ensuring accessibility for all shareholders. The primary agenda includes seeking shareholder approval for the fund utilisation matters and related incidental matters.

Meeting Logistics and Documentation

The board meeting commenced at 12:30 hours and concluded efficiently at 12:47 hours on January 21, 2026. Company Secretary V. Balamurugan digitally signed the official communication, ensuring compliance with regulatory requirements. The company has formally notified both BSE Limited (Scrip Code: 504220) and National Stock Exchange of India Ltd. (Symbol: WSI) about these developments.

These strategic decisions reflect W.S. Industries' commitment to transparent corporate governance and efficient capital deployment. The upcoming EGM will provide shareholders with the opportunity to review and approve the proposed changes to fund utilisation strategies, ensuring alignment with the company's evolving business objectives and market conditions.

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.