W S Industries (I) Limited has informed the Exchange regarding Resignation of Ms M/s. Brahmayya & Co, Statutory Auditors as Other of the company w.e.f. August 07, 2025.
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The Board of W S Industries (India) Limited held a meeting on 7th August 2025 and approved four key items. Statutory auditor M/s. Brahmayya & Co. (Firm Registration No. 000511S) resigned with immediate effect, well before their term was due to end at the 2027 AGM; the firm cited other professional commitments and increased audit workload as reasons, and confirmed no other material issues. The Board also approved the rollover of 3,50,000 preference shares held by Vensunar Private Limited (extended to 31 March 2027) and 9,25,000 preference shares held by Trala Electromech Systems (extended to 24 September 2026). Mr. P. Raju Iyer was appointed as Cost Auditor for FY 2025-26. Q1 FY26 (quarter ended 30 June 2025) standalone revenue stood at Rs. 26.05 crore with a profit of Rs. 1.23 crore (EPS Rs. 0.15), while consolidated profit after non-controlling interest was Rs. 1.44 crore (EPS Rs. 0.19).
The auditor's exit about two years before their scheduled term, while routine in tone, means shareholders should watch for the appointment of a replacement auditor and any governance red flags in future filings. Q1 results show a turnaround from the Rs. 1.29 crore standalone loss in Q1 FY25 to a Rs. 1.23 crore profit, which is mildly positive, though revenue shrank sharply from Rs. 71.70 crore a year ago.