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

W. S. Industries (India) Ltd has filed the Monitoring Agency Report for the quarter ended June 30, 2026, concerning the utilization of proceeds from its preferential issue of Equity Shares and Convertible Warrants. The issue was approved by shareholders on December 12, 2025, and February 20, 2026 (revised). India Ratings & Research Private Limited, the monitoring agency, has reported no deviation from the original objects of the issue. However, there was a change in the utilization plan due to the undersubscription of the issue, which was also approved by shareholders. The report was reviewed by the Audit Committee and the Board of Directors on August 10, 2026, with no comments made. A statutory auditor's certificate dated August 6, 2026, also confirms no deviation.