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 filed a further revised disclosure for its preferential issue of equity shares and convertible warrants that was approved at the EGM on 25th July 2025. The NSE asked the company to add a DCF (Discounted Cash Flow) valuation to the original report, which had only used the PECV method because profitability projections were not available earlier. After the company submitted financial projections on 25th August 2025, the Registered Valuer issued an addendum dated 26th August 2025, arriving at a fair value of ₹71.88 per share using the DCF approach. However, the minimum issue price for the preferential issue remains ₹80.32 per share, as it is the higher of the values determined under SEBI ICDR Regulations.
This is a procedural compliance update and the final issue price of ₹80.32 per share is unchanged. Shareholders should note that the preferential issue valuation has now been validated through a more rigorous DCF-based method, reducing concerns about pricing fairness.