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W S Industries to Hold EGM to Revise ₹99.43 Cr Fund Utilization and Extend Timelines
W S Industries (I) Limited has scheduled an Extraordinary General Meeting (EGM) for February 20, 2026, to seek shareholder approval for significant changes in capital deployment. Following a partial subscription of its preferential issue, raising ₹99.43 Crores instead of the planned ₹145 Crores, the company is reallocating funds, notably increasing land acquisition budgets while cutting working capital. Additionally, the company seeks a two-year extension for utilizing funds from a 2024 warrant issue, extending the deadline to October 2027.
Key Highlights
Total funds raised via Dec 2025 preferential issue reached ₹99.43 Cr against a target of ₹145 Cr.
Land acquisition allocation increased by 35% to ₹60.18 Cr from the pro-rata reduced amount.
Working capital allocation slashed by 52.83% to ₹11.00 Cr to prioritize asset development.
Proposed 2-year extension for 2024 warrant fund utilization until October 31, 2027.
NCD redemption budget reduced by 29.23% to ₹9.00 Cr as part of the fund rearrangement.
💼 Action for Investors
Investors should monitor the company's strategic shift toward land development over debt reduction and liquidity. Assess if the reduced working capital allocation might impact short-term operations.