W S Industries (I) Limited has informed the Exchange regarding Appointment of M/s. R. Subramanian and Company LLP as Other of the company w.e.f. April 01, 2026.
WSI · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
W.S. Industries (India) Limited held a Board meeting on May 14, 2026, approving the re-appointment of M/s. R. Subramanian and Company LLP as Internal Auditors for FY 2026-27 and appointment of M/s. Sudarshan & Ranganathan as Tax Auditors for FY 2025-26. The company reported standalone revenue of Rs. 91.50 Crores for FY 2025-26, a significant decline from Rs. 239.04 Crores in the previous year. However, the company returned to profitability with standalone net profit of Rs. 1.81 Crores compared to a loss of Rs. 15.27 Crores in the previous year. Consolidated net profit stood at Rs. 2.21 Crores versus a loss of Rs. 17.75 Crores last year. The company also completed redemption of preference shares worth Rs. 9.25 Crores and partial redemption of non-convertible debentures worth Rs. 9 Crores during the quarter.
The company has turned profitable after two consecutive years of losses, though revenue has declined significantly. The strong turnaround in profitability with cost controls is positive for shareholders. However, the sharp revenue decline raises concerns about business scale. Statutory auditors issued unmodified opinions on both standalone and consolidated financial statements.