Outcome of Board Meeting held on 26.05.2026.
WSI · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
W.S. Industries (India) Limited's Board of Directors, in their meeting on 26th May 2026, approved the mutual surrender and termination of a lease agreement with M/s. Aarnav Business Park. The company will sell approximately 2,365 sq. metres (25,460 sq. ft.) of vacant industrial land located at Shettigere Village near Bengaluru for a consideration of not less than ₹6.04 Crores. The land was previously under lease since April 2023. The transaction includes settlement of all obligations under the existing lease arrangement. The board confirmed that shareholder approval is not required as the land does not constitute an 'undertaking' under Section 180(1)(a) of the Companies Act, 2013. The buyer is not related to the promoter group.
The sale of this vacant industrial land will bring cash inflow of at least ₹6.04 Crores to the company, which could improve the company's financial position. This is a non-related party transaction at arm's length, suggesting fair commercial terms for the company.