W S Industries (I) Limited has informed the Exchange regarding 'Revised Disclosures in connection with the Preferential Issue approved at EGM dated 25th July 2025'.
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W.S. Industries has further revised the disclosures for its preferential issue of equity shares and convertible warrants that was approved at the EGM on 25th July 2025. The change follows a clarification letter from NSE dated 18th August 2025, and was approved by the Board on 23rd August 2025. The revision specifically tightens the language around Object No. 5 of the issue — use of proceeds for repaying outstanding security deposits of Rs.53.70 Crores — by removing the earlier 'either in part or in full' qualifier. The amount of Rs.53.70 Crores and the purpose of repayment remain unchanged. The company has confirmed that all other contents of the EGM notice and the prior 7th August disclosure remain the same.
This is a procedural/compliance revision driven by NSE directions, not a material change to the preferential issue's size, pricing, or dilution. Shareholders should see no meaningful change in the deal terms or stock impact beyond continued regulatory housekeeping.