W S Industries (I) Limited has informed the Exchange regarding Appointment of M/s. Sudarshan & Ranganathan as Other of the company w.e.f. April 01, 2025.
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W.S. Industries board meeting on May 14, 2026 approved appointment of M/s Sudarshan & Ranganathan as Tax Auditors for FY2025-26 (effective April 1, 2025) and reappointed M/s R. Subramanian and Company LLP as Internal Auditors for FY2026-27. The company reported standalone revenue of Rs 91.50 Crores for FY2026, down from Rs 239.04 Crores in FY2025, but swung to profit of Rs 1.81 Crores from a loss of Rs 15.27 Crores. Consolidated PAT was Rs 2.21 Crores versus loss of Rs 17.75 Crores in prior year. Statutory auditors gave unmodified opinion. The company also completed redemption of NCDs worth Rs 9 Crores and preference shares worth Rs 9.25 Crores during the quarter.
The company has returned to profitability after significant losses, though revenue has declined substantially. The clean audit opinion and auditor appointments are routine governance matters with neutral impact on stock.