W. S. Industries: Preferential Issue Proceeds Utilization Report Filed

W. S. Industries (India) Ltd has submitted its Monitoring Agency Report for the quarter ended June 30, 2026, concerning the utilization of proceeds from a preferential issue approved by shareholders on July 25, 2025, and December 12, 2025 (revised). The report, issued by India Ratings & Research Private Limited, indicates no deviation from the original objects of the issue. However, there was a change in the utilization plan due to undersubscription, which was approved by shareholders. The Audit Committee and Board of Directors reviewed the draft report and made no comments. The company confirms no deviation in the utilization of funds raised through equity shares and convertible warrants.