WS Industries Completes ₹18.25 Crore Securities Redemption on March 31, 2026

WS Industries (India) Limited has successfully completed the redemption of securities worth ₹18.25 crore on March 31, 2026. The transaction involved the full redemption of Non-Convertible Cumulative Redeemable Preference Shares and partial redemption of Non-Convertible Debentures, both held by Trala Electromech Systems Private Limited.

Securities Redemption Details

The redemption comprised two distinct categories of securities, both executed at par value on the same date.

Security Type: Details Preference Shares Redeemed: 9,25,000 shares of ₹100 each Preference Shares Value: ₹9,25,00,000 (₹9.25 crore) Debentures Redeemed: 90,00,000 NCDs of ₹10 each Debentures Value: ₹9,00,00,000 (₹9 crore) Total Redemption Value: ₹18.25 crore Security Holder: Trala Electromech Systems Private Limited

Funding and Approval Process

The redemption was funded through proceeds raised from a preferential issue of equity shares. This funding mechanism was approved by shareholders at the company's 3rd Extra-Ordinary General Meeting of FY 2025-26, which was conducted on February 20, 2026.

Dividend and Interest Treatment

The transaction involved specific arrangements regarding dividend and interest payments:

Preference Shares: The holder waived entitlement to cumulative dividends up to the redemption date, resulting in no dividend payment at redemption

Debentures: Interest was paid up to the actual redemption date in accordance with the original terms of issue

Terms Modification: No modifications were made to the original terms of issuance for either security type

Regulatory Compliance

The redemption was executed in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023. Both categories of securities were unlisted at the time of redemption.

Transaction Significance

This redemption represents a strategic financial restructuring for WS Industries, utilizing fresh equity capital to retire existing preference shares and reduce debenture obligations. The transaction was completed as a continuation of the board meeting outcome communicated on February 14, 2026, demonstrating the company's commitment to optimizing its capital structure through systematic debt reduction.

WS Industries (India) Limited has disclosed that promoter S. Aravindan acquired additional equity shares through open market transactions, as per regulatory filing submitted to BSE Limited and National Stock Exchange of India Limited. The acquisition was completed over two trading sessions and represents a marginal increase in the promoter's shareholding in the company.

Transaction Details

The share acquisition took place on March 17, 2026 and March 18, 2026 through open market purchases. S. Aravindan acquired a total of 31,300 equity shares, representing 0.041% of the company's total voting capital.

Parameter Details Acquisition Dates March 17, 2026 and March 18, 2026 Mode of Acquisition Open Market Shares Acquired 31,300 Percentage of Total Voting Capital 0.041%

Shareholding Pattern Changes

Following the acquisition, S. Aravindan's shareholding in WS Industries has increased marginally. The promoter's total holding now includes both equity shares and warrants/convertible securities.

Holding Category Before Acquisition After Acquisition Change Equity Shares (Number) 45,93,018 46,24,318 +31,300 Voting Rights (%) 6.052% 6.093% +0.041% Warrants/Convertible Securities 5,00,000 5,00,000 No Change Total Holdings 50,93,018 51,24,318 +31,300

Company Share Capital Structure

The company's equity share capital structure remained unchanged following this transaction. WS Industries maintains its existing capital base with no dilution from the promoter's open market acquisition.

Capital Details Amount/Numbers Equity Share Capital Rs. 75,89,53,180 Total Equity Shares 7,58,95,318 Face Value per Share Rs. 10 Total Diluted Share Capital Rs. 1,03,39,53,180 Total Diluted Shares 10,33,95,318

Regulatory Compliance

The disclosure was made in compliance with Regulation 29(2) of Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The filing was submitted to both BSE Limited (Scrip Code: 504220) and National Stock Exchange of India Limited (Symbol: WSI) on March 19, 2026.

S. Aravindan, identified as a promoter of WS Industries, completed the regulatory disclosure requirements within the stipulated timeframe. The acquisition represents a routine open market transaction that marginally increases the promoter's stake in the company while maintaining the existing share capital structure.

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