W S Industries (I) Limited has submitted the Exchange a copy Srutinizers report of Extraordinary General Meeting held on July 25, 2025
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W.S. Industries (India) Limited held its first Extra-Ordinary General Meeting (EGM) of FY 2025-26 on July 25, 2025, via video conferencing on the NSDL platform, and submitted the Scrutinizer's Report to the exchanges. Three resolutions were put to vote: (1) an Ordinary Resolution to increase the Authorised Share Capital and amend the Memorandum of Association, (2) a Special Resolution to issue 1,65,00,000 equity shares on a preferential basis to identified non-promoter persons/entities including Foreign Portfolio Investors (FPIs), and (3) a Special Resolution to issue 2,75,00,000 convertible warrants on a preferential basis to identified non-promoters (including FPIs) and promoter/promoter group. All three resolutions were passed with overwhelming shareholder support, with approximately 99.556% of valid votes cast in favour in each case, out of roughly 4.09 crore shares voted. The remote e-voting window ran from July 22 to July 24, 2025, and the scrutinizer was M/s. Lakshmmi Subramanian & Associates.
Shareholders have cleared the way for a significant capital infusion, including a preferential equity issue of 1.65 crore shares and 2.75 crore convertible warrants, which will dilute existing equity holders once allotted. The near-unanimous approval (99.56%) signals strong shareholder confidence in the fund-raising plan, but investors should brace for potential EPS dilution and monitor the pricing/allotment of these preferential instruments.