W S Industries (I) Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32
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W.S. Industries has filed a quarterly statement confirming that the Rs. 46.98 crore raised through a preferential issue on 5 September 2024 has been fully utilised as per the originally disclosed objects, with no deviation or variation. The funds were deployed in three buckets: Rs. 36.95 crore for real estate investment (warehousing, logistics, industrial parks, light engineering, electronics factories, and acquisitions), Rs. 4.93 crore for working capital, and Rs. 5.10 crore for general corporate purposes. The company has reported 'None' for audit committee comments, auditor comments, and any deviation. A monitoring agency was not applicable for this fund raise.
This is a routine compliance filing that simply confirms the company has used the money it raised exactly as promised to shareholders, with no surprises. No material positive or negative impact on the stock is expected, though it reassures investors about fund-raising discipline.