W.S. Industries approves capital increase and preferential share issues

W.S. Industries (India) Limited shareholders approved increasing the company's authorized share capital and amending its memorandum of association.

The company will issue 16.5 million equity shares on a preferential basis to non-promoter entities, including foreign portfolio investors.

Additionally, 27.5 million convertible warrants will be issued on a preferential basis to non-promoter entities, foreign portfolio investors, and the promoter group.