W S Industries (I) Limited has informed the Exchange regarding Proceedings of Extraordinary General Meeting held on July 25, 2025
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W.S. Industries (India) Limited held its first Extraordinary General Meeting (EGM) of FY 2025-26 on July 25, 2025, via video conferencing on the NSDL platform. The meeting was attended by 40 equity shareholders (8 from promoter group and 32 from public). Three special business items were placed before members: (1) an Ordinary Resolution to increase the authorised share capital and amend the Memorandum of Association, (2) a Special Resolution to issue 1.65 crore equity shares on a preferential basis to identified non-promoter persons/entities including Foreign Portfolio Investors (FPIs), and (3) a Special Resolution to issue 2.75 crore convertible warrants on a preferential basis to identified non-promoters including FPIs and to promoter/promoter group. E-voting was open from July 22 to July 24, 2025. The consolidated voting results along with the Scrutinizer's Report will be submitted to the exchanges and uploaded on the company's website on or before July 29, 2025.
The proposals involve a significant potential equity dilution — up to 4.4 crore shares/warrants combined. Shareholders should watch for the voting results expected by July 29, 2025, to confirm whether these preferential allotments and the authorised capital hike have been approved.