The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for S. Anandavadivel
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Promoter S. Anandavadivel bought 18,311 equity shares of W.S. Industries (India) Ltd through open market purchases on 2nd and 3rd June 2025. This increased his shareholding from 7.145% to 7.173% of the total equity capital. The total voting stake (including 66,890 warrants) now stands at 7.01% on a diluted basis. The acquisition value is relatively small given the company's total share capital of approximately Rs. 63.38 crore (63,38,629 equity shares of Rs. 10 each). The disclosure was filed under SEBI's SAST Regulations, which is mandatory when promoters report changes in their holdings.
This is a minor open-market purchase by the promoter, signalling continued confidence in the company. The increase in stake is very small (0.028%), so it is unlikely to have a material impact on the stock price but reflects promoter conviction.