W S Industries (I) Limited has informed the Exchange about Redemption of Non-Convertible Cumulative Redeemable Preference Shares and Partial Redemption of Non-Convertible Debentures
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W.S. Industries (India) Limited has completed the redemption of 9,25,000 Non-Convertible Cumulative Redeemable Preference Shares of Rs.100 each (totalling Rs. 9.25 crore) at par, held by M/s. Trala Electromech Systems Private Limited. The preference share holder has also waived its cumulative dividend entitlement up to the date of redemption. Separately, the company has partially redeemed 90 lakh Non-Convertible Debentures of Rs.10 each (totalling Rs. 9 crore) at par towards principal repayment, with interest paid up to the redemption date as per original terms. Both redemptions, aggregating to Rs. 18.25 crore, were funded entirely from the proceeds of a preferential equity issue approved by shareholders on 20th February 2026. There has been no modification in the terms of either instrument.
The company is deleveraging by using fresh equity capital to retire preference shares and debentures, which reduces its interest and dividend obligations going forward. For shareholders, this signals a healthier capital structure, though it comes alongside equity dilution from the earlier preferential issue that funded this repayment.