W.S. Industries (India) proposes significant preferential share and warrant issue

W.S. Industries (India) Limited's board of directors has approved a preferential issue of 145,000,000 equity shares and 50,000,000 convertible warrants, each priced at Rs. 100/-, totaling Rs. 14,500,000,000 and Rs. 5,000,000,000 respectively. These issues target identified Non-Promoters, including Foreign Portfolio Investors, with 25% of the warrant consideration payable upon application. Warrants are convertible into equity shares within 18 months of allotment. An Extra-Ordinary General Meeting is scheduled for December 12, 2025, to seek shareholder approval for these proposals.

Additionally, the company reported its unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2025. Standalone revenue from operations for the half-year reached Rs. 50.10 Crores, with a profit before tax of Rs. 1.95 Crores. Consolidated revenue from operations for the same period was also Rs. 50.10 Crores, and a profit before tax of Rs. 2.14 Crores. The board has also appointed M/s. India Ratings and Research Pvt. Ltd. as the monitoring agency for the proposed preferential issue.