W.S. Industries Appoints Two New Independent Directors; Releases Unaudited Q2 Results
W.S. Industries (India) Limited announced significant developments following its Board of Directors meeting held on August 10, 2026. The company appointed two new directors and released its unaudited financial results for the quarter ended June 30, 2026, along with updates on corporate governance and fundraising utilization.Governance and Director Appointments
The Board approved the appointment of Ms. Rajendran Stella Isabella and Mr. Joyjeet Bose as Additional Directors (Non-Executive Independent) of the company, effective August 10, 2026. Both appointments are for an initial term of two consecutive years and are subject to shareholder approval at the ensuing Annual General Meeting.Ms. Rajendran Stella Isabella is a distinguished banking and financial services professional with over 30 years of experience. Her career includes serving as Managing Director of Repco Bank, a Government of India Enterprise, and chairing critical committees such as Audit and Nomination and Remuneration at various companies. Ms. Isabella is an Independent Director on the Board of Coromandel Engineering Company Limited.
Mr. Joyjeet Bose brings over 35 years of senior business experience across telecom, enterprise technology, and digital transformation. His previous roles include Senior Vice President of Enterprise SME Business at Tata Teleservices, where he drove revenue growth of 175%. He is currently the Founder & CEO of JB NewGen Enterprises Private Limited.
The Board also approved the re-constitution of key committees as of August 10, 2026, including the Audit Committee, Nomination and Remuneration Committee, and Stakeholders Relationship Committee.
Unaudited Financial Results for Q2 FY26
W.S. Industries announced its unaudited financial results for both standalone and consolidated entities for the quarter ended June 30, 2026, which were approved by the Board. The company’s performance indicators across various periods are detailed below:Standalone Unaudited Financial Results (QTR ENDED JUNE 30, 2026)
| Metric | Q Ended June 30, 2026 | Q Ended March 31, 2026 (Audited) | Q Ended June 30, 2025 | 12 Months Ended March 31, 2026 |
|---|---|---|---|---|
| Revenue from operations | 0.43 Crores | 20.83 Crores | 26.05 Crores | 91.50 Crores |
| Other Income | 6.07 Crores | 1.48 Crores | 0.23 Crores | 2.01 Crores |
| Total Income | 6.50 Crores | 22.31 Crores | 26.28 Crores | 93.51 Crores |
| Total expenses | 4.81 Crores | 19.42 Crores | - | 91.26 Crores |
| Profit before tax (V) | 1.69 Crores | 2.89 Crores | 1.33 Crores | 2.25 Crores |
Consolidated Unaudited Financial Results (QTR ENDED JUNE 30, 2026)
| Metric | Q Ended June 30, 2026 | Q Ended March 31, 2026 (Audited) | Q Ended June 30, 2025 | 12 Months Ended March 31, 2026 |
|---|---|---|---|---|
| Revenue from operations | 0.43 Crores | 20.83 Crores | 26.05 Crores | 91.50 Crores |
| Other Income | 6.60 Crores | 2.01 Crores | 0.76 Crores | 4.14 Crores |
| Total Revenue | 7.03 Crores | 22.84 Crores | 26.81 Crores | 95.64 Crores |
| Total expenses | 5.31 Crores | 19.80 Crores | 25.35 Crores | 92.99 Crores |
| Profit before tax (V) | 1.72 Crores | 3.04 Crores | 1.46 Crores | 2.65 Crores |
Key Operational and Financial Notes
The results were accompanied by several significant operational updates:- Land Sale: The company completed the sale of land located in Shettigere village, Bangalore, for an aggregate consideration of Rs. 6.04 Crores. A gain on this sale amounting to Rs. 4.37 Crores was recognized in the Statement of Profit and Loss under Other Income.
- Write-Back: In both standalone and consolidated results, a write-back of outstanding overseas creditors/debtors pertaining to the discontinued Electro-porcelain products division from FY 2022-23, totaling Rs. 5.55 Crores, was recorded.
- Exceptional Items: Exceptional items for the quarter included a write-back of creditors no longer payable amounting to '0.16 crore.
Annual General Meeting Details
The Board also approved the Notice convening the company’s 63rd Annual General Meeting (AGM) for the financial year ended March 31, 2026. The AGM is scheduled for Tuesday, September 22, 2026, at 2:30 P.M. and will be conducted via Video Conferencing (VC) / Other Audio-Visual Means (OAVM).Preferential Issue Details
The company disclosed details regarding the utilization of proceeds from its Preferential Issues I and II, conducted during FY 2025-26:Preferential Issue I (Commenced October 15, 2025)
| Particulars | Amount Proposed (In Crores) | Amount Raised (In Crores) | Amount Utilized (In Crores) | Amount Unutilized (In Crores) |
|---|---|---|---|---|
| Repayment of Outstanding Security Deposits | 20.00 | 20.00 | 20.00 | - |
| Equity | 20.00 | 20.00 | 20.00 | - |
| Acquisition and development of land | 160.00 | 40.00 | 37.49 | 2.51 |
| Repayment of Outstanding Security Deposits | 33.70 | 8.42 | 6.84 | 1.58 |
| Working capital requirements | 16.00 | 4.00 | 2.46 | 1.54 |
| General Corporate Purpose | 15.30 | 3.83 | 3.83 | - |
| Convertible Warrants | 225.00 | 56.25 | 50.62 | 5.63 |
| TOTAL | 245.00 | 76.25 | 70.62 | 5.63 |
Preferential Issue II (Commenced December 19, 2025)
| Particulars | Amount Proposed (In Crores) | Amount Raised (In Crores) | Amount Utilized (In Crores) | Amount Unutilized (In Crores) |
|---|---|---|---|---|
| Acquisition and development of land | 60.18 | 60.18 | - | 60.18 |
| Redemption of Preference Shares | 9.25 | 9.25 | 9.25 | - |
| Redemption of Non-Convertible Debentures (NCDs) | 9.00 | 9.00 | 9.00 | - |
| Working Capital Requirements | 11.00 | 11.00 | 7.22 | 3.78 |
| General Corporate Purposes | 10.00 | 10.00 | 6.59 | 3.41 |
| Equity | 99.43 | 99.43 | 32.06 | 67.37 |
| Acquisition and development of land | 50.00 | 12.50 | - | 12.50 |
| Convertible Warrants | 50.00 | 12.50 | - | 12.50 |
| TOTAL | 149.43 | 111.93 | 32.06 | 79.87 |
WSI Stock Price Movement
W S Industries (I) Limited rallied slightly in post-market trading today, settling at ₹60.48 after shares gained 0.88%. The stock traded within a narrow intraday range of ₹59.28 to ₹60.60, with reported volume reaching 20,348 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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