W S Industries (I) Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 23, 2025
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W.S. Industries has called its 62nd AGM on September 23, 2025 at 2:30 PM via video conferencing. Shareholders will vote on adopting FY25 financial results, re-appointing a director, and ratifying the appointment of P. Chandrasekar LLP as new statutory auditors for a 5-year term (₹24 lakh annual fee) following the resignation of Brahmayya & Co. A key item is the adoption of a new Memorandum of Association that sharply expands the company's stated business into infrastructure development, real estate, sports/recreational facilities, EPC contracting, and related consultancy. Several large related-party transactions are also seeking omnibus shareholder approval: up to ₹1,000 crore for infrastructure and construction contracts with related parties (CMK Projects, Trineva Infra, Renaatus Projects, V. Sathyamoorthy & Co), ₹300 crore for purchase of goods/services and reimbursements, and another ₹300 crore for borrowings from related parties including the promoter-directors themselves. Director remuneration (₹5 lakh/month for executive directors) and a 9-year related-party lease for the company's 6,400 sq ft Egmore office (starting at ₹4 lakh/month with 15% rent hikes every 3 years) are also on the agenda.
For minority shareholders, the most material items are the very large omnibus related-party transaction approvals (combined ceiling of ₹1,600 crore) and the significant broadening of the company's business scope via the new MoA — both of which warrant careful review before voting. The auditor change and business diversification could also shape investor perception of governance and growth direction.