W. S. Industries Reports Deviation in Fund Utilization
W. S. Industries (India) Ltd has filed a Statement of Deviation/Variation in the utilization of funds raised through multiple preferential issues. The report covers the quarter ended June 30, 2026. For a preferential issue of equity shares allotted on July 17, 2025, amounting to ₹6.00 Crores, the company reported no deviation in the use of funds, with ₹5.70 Crores utilized by September 30, 2025. However, for a preferential issue of convertible warrants allotted on October 29, 2025, with ₹56.25 Crores raised (25% upfront), a deviation in object-wise utilization was approved by shareholders on December 12, 2025. The company has obtained necessary shareholder approvals for timeline extensions and variations in fund utilization.
Key Highlights
- Company reports on fund utilization deviations for multiple preferential issues.
- No deviation noted for equity shares preferential issue; ₹5.70 Cr utilized.
- Deviation in fund utilization approved for convertible warrants issue.
- Shareholder approvals obtained for timeline extensions and variations.
- Report filed for the quarter ended June 30, 2026.
Price Impact
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