W S Industries India Ltd approves preferential issue to FPIs

The Board of Directors of W.S. Industries (India) Limited at its meeting held on 14th November 2025, wherein the Board, considered and approved the proposed preferential issue of Equity Shares and Convertible Warrants.

The board approved issue of 1,45,00,000 equity shares of face value of Rs. 10/- each fully paid-up ("Equity Shares") to certain identified Non-Promoters person/entities, including Foreign Portfolio Investors (FPI), i.e., M7 GLOBAL FUND PCC - CELL DEWCAP FUND (95,00,000 equity shares) and VIKASA INDIA EIF I FUND (50,00,000 equity shares) on a preferential basis in accordance with Chapter V of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 as amended (the "SEBI ICDR Regulations"), and other applicable laws, at a price of Rs.100/- per Equity Share, subjected to compliance with the minimum issue price calculated in accordance with Regulation 164(1) of Chapter V for Preferential Issue under SEBI ICDR Regulations, subject to the approval of regulatory / statutory authorities and the shareholders of the Company.

The board also approved issue of 50,00,000 Convertible Warrants ("Warrants") of face value of Rs.10/- each to certain identified Non-Promoters person/entities, including Foreign Portfolio Investors (FPI), i.e., VIKASA INDIA EIF I FUND (50,00,000 warrants) on a preferential basis in accordance with Chapter V of the SEBI ICDR Regulations and other applicable laws, at a price of Rs.100/- per Warrant on the terms and conditions inter-alia 25% of the total consideration of the Warrants shall be payable at the time of application and the balance would be payable at the time of conversion of the Warrants into Equity Shares. Each Warrant is convertible into 1 Equity Share and the conversion can be exercised at any time within a period of 18 months from the date of allotment, in one or more tranches, as the case may be, objected to compliance with the minimum price calculated in accordance with Regulation 164 of Chapter V for Preferential Issue under SEBI ICDR Regulations, subject to the approval of regulatory/ statutory authorities and the shareholders of the Company.

Shares of W S Industries (I) Limited was last trading in BSE at Rs. 84.60 as compared to the previous close of Rs. 85.77. The total number of shares traded during the day was 5084 in over 77 trades.

The stock hit an intraday high of Rs. 87.83 and intraday low of 84.09. The net turnover during the day was Rs. 434073.00.

Source : Equity Bulls

Keywords

WSIndustriesIndia INE100D01014 FundRaising PreferentialIssue FPIs EquityShares ConvertibleWarrants