WS Industries (India) Limited disclosed that promoter S. Aravindan acquired 31,300 equity shares through open market transactions on March 17-18, 2026, increasing his shareholding from 6.052% to 6.093%. The acquisition was made in compliance with SEBI regulations and represents a marginal increase in the promoter's stake. The company's equity share capital remains unchanged at Rs. 75,89,53,180 divided into 7,58,95,318 shares of Rs. 10 each.

WS Industries Promoter S. Aravindan Acquires Additional 31,300 Shares in Open Market Transactions

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.

WS Industries (India) Limited has completed its warrant conversion process with the allotment of 33,444 equity shares while forfeiting a substantial ₹6.97 crore from unexercised warrants. The Allotment Committee of the Board of Directors approved these actions at its meeting held on 4th March 2026, marking the conclusion of the 18-month warrant exercise period that began in September 2024.

Warrant Conversion and Allotment Details

The committee approved the conversion of 33,444 convertible warrants into fully paid-up equity shares after receiving the balance 75% of the issue price from Mamatha P, a promoter group warrant holder. The conversion was executed at the predetermined issue price of ₹149.50 per share, comprising a face value of ₹10 and premium of ₹139.50.

Parameter Details Warrants Converted 33,444 Issue Price per Share ₹149.50 Face Value ₹10 Premium ₹139.50 Balance Consideration Received ₹37,49,908.50 Investor Mamatha P (Promoter Group) Distinctive Numbers 75861875 to 75895318

Significant Warrant Forfeiture

Out of the 18,99,666 warrants that remained outstanding as of the conversion deadline, only 33,444 were exercised. The remaining 18,66,222 warrants were not exercised within the stipulated 18-month period from the allotment date, leading to their automatic forfeiture under Regulation 169 of the SEBI ICDR Regulations.

Forfeiture Details Amount/Number Total Warrants Forfeited 18,66,222 Aggregate Forfeiture Amount ₹6,97,50,049 Number of Affected Investors 10 Investor Categories Non-Promoter

The forfeited amount represents the 25% upfront subscription money that was collected at the time of initial warrant allotment, which the company now retains as per the terms of issuance.

Major Forfeited Holdings

The largest forfeited holding belonged to Maneesh Parmar with 9,36,456 warrants, followed by Infinity Value Investments Ltd with 3,34,448 warrants and Kamlesh Jain with 2,67,558 warrants. Other significant forfeitures included Bhawarlal Jain (1,33,780 warrants), Mariappan Saravanaguru and Manimaran (66,890 warrants each).

Major Forfeited Holdings Warrants Maneesh Parmar 9,36,456 Infinity Value Investments Ltd 3,34,448 Kamlesh Jain 2,67,558 Bhawarlal Jain 1,33,780 Mariappan Saravanaguru 66,890 Manimaran 66,890

Regulatory Background and Timeline

The warrant issuance process began with shareholder approval at an Extra-Ordinary General Meeting held on 2nd May 2024, where members approved the issuance of 27,15,722 convertible warrants. The company received in-principle approvals from BSE Limited on 20th August 2024 and National Stock Exchange of India Limited on 21st August 2024.

Timeline Event 2nd May 2024 Shareholder approval for warrant issuance 20th August 2024 BSE in-principle approval 21st August 2024 NSE in-principle approval 5th September 2024 Allotment of 24,34,786 warrants 17th July 2025 Conversion of 5,35,120 warrants 4th March 2026 Final conversion deadline and committee meeting

The Allotment Committee meeting commenced at 6:15 pm and concluded at 6:24 pm on 4th March 2026, with the necessary regulatory disclosures submitted to both stock exchanges as required under SEBI regulations and SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.

We’re building Scanx - to help you express your trading & investing idea, to help you analyse the markets better.

Stock Markets are the true indicator of the growth of any country's economy. We are bullish on India, we are bullish on India's prospects to be one of largest economies of the world. We believe that Stock Markets provide an unique opportunity for all Indians to participate in the growth story of India. We are enabling the same for Indians.

As financial services are becoming more accessible, there is now a large set of Indians today who are financially aware and literate. They value time and seek high quality products & services. Most screening, trading, investing platforms available today are more or less similar to each other, and they have not evolved with time. While both traders & investors have gotten smart about how they make money and build wealth, as users they have continued to use the same products, features, and platforms that were available for years with little or no innovation. We plan to change that - a technology-led platform built for super traders and long term investors.