W S Industries (I) Limited has informed the Exchange regarding Board meeting held on Jun 27, 2025.
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W S Industries held a board meeting on June 27, 2025, approving a major fundraising plan via preferential issue. The company will issue 1.65 crore equity shares at Rs. 100 each (totalling Rs. 165 crore) to non-promoter investors including two Foreign Portfolio Investors — M7 Global Fund and Vikasa India EIF I Fund. Additionally, 2.75 crore convertible warrants will be issued at Rs. 100 each (potential Rs. 275 crore) to non-promoters as well as promoter and promoter group members. To accommodate this, authorized share capital will be raised from Rs. 100 crore to Rs. 125 crore. An EGM has been scheduled for July 25, 2025, to seek shareholder approval, and India Ratings and Research has been appointed as the monitoring agency.
If approved, the company could raise up to Rs. 440 crore, leading to significant dilution for existing shareholders. The pricing at Rs. 100 (with Rs. 90 premium over face value of Rs. 10) reflects strong investor confidence, though the promoter's own participation in warrants signals alignment with the fundraising. Shareholders should watch the EGM outcome on July 25, as stock may see short-term volatility from dilution concerns.