W.S. Industries (India) shareholders approve new equity shares and warrants issuance

W.S. Industries (India) Limited announced the proceedings of its second extraordinary general meeting (EGM) held virtually on Friday, December 12, 2025, which focused on critical financial resolutions for the fiscal year 2025-2026.

Shareholders approved a variation in the object-wise utilization of funds previously raised through a preferential issue of equity shares and convertible warrants. This amended resolutions passed at an EGM on July 25, 2025.

Key approvals included the issuance of 14,500,000 equity shares on a preferential basis to identified non-promoter persons and entities, including foreign portfolio investors. Additionally, the EGM sanctioned the issuance of 5,000,000 convertible warrants, also on a preferential basis, to identified non-promoter persons and entities, including foreign portfolio investors. Both resolutions were designated as special resolutions, indicating a higher threshold for shareholder approval. The remote e-voting period for these matters ran from December 9, 2025, to December 11, 2025.