W.S. Industries (India) completes preferential share and warrant allotment

W.S. Industries (India) Limited announced the allotment of 2,000,000 fully paid-up equity shares at ₹100 each, aggregating to ₹20,00,00,000, to identified non-promoter persons/entities. This action, approved by shareholders on July 25, 2025, and stock exchanges on October 14, 2025, was finalized by the allotment committee on October 29, 2025.

Additionally, the company allotted 2,25,00,000 convertible warrants, each convertible into one equity share, at an issue price of ₹100 per warrant, totaling ₹2,25,00,00,000. These warrants were issued to identified non-promoter and promoter/promoter group persons/entities, with 25% of the total consideration already paid by the allottees.

The company also noted that certain non-promoter persons/entities, including foreign portfolio investors (FPIs), did not remit subscription monies for the equity shares and/or convertible warrants, leading to their offers being withdrawn or lapsed.