W.S. Industries (India) shareholders approve fund use, new share issues

W.S. Industries (India) Limited announced that all resolutions proposed at its 2nd extra-ordinary general meeting (EGM) held on December 12, 2025, were duly transacted and passed with the requisite majority. The EGM, conducted virtually via the NSDL platform, saw shareholders vote on key strategic initiatives for the company.

One primary resolution, the approval for variation in the object-wise utilization of funds raised through preferential issue of equity shares and convertible warrants, garnered significant support. This special resolution received 99.99% of the total votes in favor from 51 participating members, representing 404,214,457 shares.

Additionally, two resolutions concerning the issuance of shares and convertible warrants on a preferential basis also passed with strong majorities. The issuance of 14,500,000 equity shares to identified non-promoter persons/entities, including foreign portfolio investors, received 99.99% of favorable votes. Similarly, the issue of 5,000,000 convertible warrants to identified non-promoter persons/entities, including foreign portfolio investors, was approved with 99.99% support from voters.