WPIL Limited Seeks Shareholder Approval for Key Appointments and Capital Restructuring

WPIL Limited has issued a postal ballot notice dated December 19, 2025, seeking shareholder approval for six key resolutions including director re-appointments and capital restructuring measures. The company has set the voting period from December 30, 2025 at 9:00 AM to January 28, 2026 at 5:00 PM, with the cut-off date for eligible voting as December 26, 2025.

Director Re-appointments

The company is proposing to re-appoint two key executives for three-year terms from November 1, 2025 to October 31, 2028. The appointments include specific remuneration packages and terms of service.

Position	Name	Monthly Salary	Commission Rate	Term
Managing Director	Mr. Prakash Agarwal (DIN: 00249468)	₹7.00 lakhs	1.50% of net profits	3 years
Executive Director	Mr. K.K. Ganeriwala (DIN: 00408722)	₹5.00 lakhs	0.75% of net profits	3 years

Both directors will be entitled to additional perquisites including furnished accommodation, medical benefits, travel allowances, and other standard benefits as per company rules. The total remuneration for each director shall not exceed 5.00% of the company's net profits calculated under Section 198 of the Companies Act, 2013.

Capital Restructuring Proposals

WPIL Limited has proposed comprehensive capital restructuring through multiple interconnected resolutions. The company plans to cancel 14,000 unissued 11% redeemable cumulative preference shares of face value ₹100 each and convert them into 14,00,000 equity shares of face value ₹1 each.

Current Structure	Proposed Structure
Authorized Capital: ₹10.50 crores	Authorized Capital: ₹12.00 crores
Equity Shares: 10,50,00,000	Equity Shares: 12,00,00,000
Face Value: ₹1 each	Face Value: ₹1 each

The restructuring involves creating an additional 1,50,00,000 equity shares to increase the authorized share capital from ₹10.50 crores to ₹12.00 crores. This expansion aims to provide flexibility for future growth initiatives and working capital management.

Company Financial Performance

The postal ballot notice includes the company's financial performance over the last three years, demonstrating consistent operational results:

Financial Year	2024-25	2023-24	2022-23
Revenue from Operations	₹1,147.72 crores	₹1,076.93 crores	₹1,002.44 crores
Profit Before Tax	₹193.34 crores	₹199.24 crores	₹190.13 crores
Profit After Tax	₹143.84 crores	₹142.03 crores	₹143.03 crores
Export Earnings (FOB)	₹61.95 crores	₹47.66 crores	₹81.59 crores

Voting Process and Compliance

The company has engaged National Securities Depository Limited (NSDL) to facilitate remote e-voting for shareholders. The postal ballot notice is being sent electronically to all shareholders whose email addresses are registered with the company, NSDL/CDSL, or the registrar MCS Share Transfer Agent Limited.

Mr. P.V. Subramanian (CP No. 2077), a practicing Company Secretary, has been appointed as the Scrutinizer to conduct the e-voting process. The results will be announced by January 30, 2026, and communicated to BSE Limited where the company's shares are listed.

Constitutional Document Amendments

The proposed resolutions include amendments to both the Memorandum and Articles of Association to reflect the new authorized share capital structure. These changes require shareholder approval through ordinary and special resolutions as mandated under the Companies Act, 2013.

The company has made all relevant documents available for electronic inspection, and shareholders can request access by emailing uchakravarty@wpil.co.in during the voting period. WPIL Limited, established in 1952, operates in the fluid handling business, supplying pumps and executing turnkey projects across industrial, municipal, irrigation, and power sectors.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.19%	-5.71%	+5.58%	-7.32%	-46.60%	+570.79%

WPIL Limited announced a major contract win through its South African subsidiary, marking a significant milestone in the company's international operations. The infrastructure developer's subsidiary, PCI Africa Consortium, has secured a wastewater treatment contract worth ₹630.00 crores for upgrading Cape Town's Macassar facility.

Contract Details

PCI Africa Consortium, WPIL's South African subsidiary, has been awarded a substantial contract for the City of Cape Town's wastewater infrastructure development. The project involves upgrading and expanding the Macassar Wastewater Treatment Works, representing a key infrastructure initiative for the South African city.

Parameter	Details
Total Contract Value	2.50 billion South African Rand (₹1,340.00 crores)
PCI Africa's Share	1.175 billion South African Rand (₹630.00 crores)
Project Duration	54 months
Client	City of Cape Town
Project Type	Wastewater treatment facility upgrade and expansion

Project Scope and Significance

The Macassar Wastewater Treatment Works project represents a comprehensive infrastructure development initiative. The 54-month timeline indicates the substantial scope of the upgrading and expansion work required for the facility. This contract demonstrates WPIL's growing presence in the international water treatment and infrastructure sector through its subsidiary operations.

Regulatory Compliance

WPIL Limited made this disclosure in compliance with Regulation 30 of SEBI (LODR) Regulations, 2015, as required for material contract announcements. The company specifically noted that this contract does not fall within related party transactions, ensuring transparency in its business dealings.

Strategic Implications

This contract award strengthens WPIL's position in the African infrastructure market through PCI Africa Consortium. The substantial value of ₹630.00 crores for the company's share represents a significant addition to its order book. The project's focus on wastewater treatment aligns with growing infrastructure needs across developing markets, positioning the company in a critical utility sector.