W S Industries (I) Limited — Board Meeting, 27-06-2025: Outcome of Board Meeting

W.S. Industries has announced a board meeting on 27th June 2025 where key decisions were made to boost capital. The company approved increasing its authorized share capital from Rs.100 Cr to Rs.125 Cr. It plans a preferential issue of 1.65 Cr equity shares at Rs.100 each, raising Rs.165 Cr primarily from non-promoter investors including FPIs. Additionally, 2.75 Cr convertible warrants will be issued at the same price to a mix of promoters and non-promoters, potentially bringing in Rs.275 Cr. An Extraordinary General Meeting will be convened to seek shareholder approval for these fundraises. India Ratings is appointed as the monitoring agency for the issue.