W.S. Industries Reviews Transactions of Relative; Finds No Material Evidence of Insider Trading in Share Purchases and Sale
W.S. Industries (India) Limited has concluded a review of transactions involving Mr. Deepak Krishnamoorthy Manjunath, an immediate relative of a Designated Person belonging to the Promoter Group. The company determined that while certain trades were executed during closed trading windows, there was no material indication of intentional misuse of Unpublished Price Sensitive Information (UPSI).The Audit Committee conducted a detailed examination of the transactions concerning equity shares of W.S. Industries (India) Limited. The review focused on purchases and subsequent sale by Mr. Krishnamoorthy Manjunath, who is an immediate relative of Mrs. Mamatha P and Mr. K.V. Prakash, both members of the Promoter Group.
The investigation noted that Mr. Krishnamoorthy purchased a total of 260 equity shares through four separate transactions spanning April 5, 2024, to November 1, 2024. These purchases were made during periods when the company's trading window was closed, either for consideration and declaration of financial results or during another restricted period.
The sale transaction was executed on April 26, 2026. The aggregate purchase consideration amounted to ₹36,920.00. The single sale transaction generated revenue amounting to ₹18,202.28. This resulted in an actual financial loss of ₹18,717.72 for Mr. Krishnamoorthy.
The Audit Committee confirmed that the transactions did not yield any financial gain or profit to the concerned person. Although some purchase trades occurred during trading window closures, the review found no material information indicating that the individual traded while in possession of UPSI. The violation was noted as being inadvertent and not an intentional act.
In response to the finding, W.S. Industries (India) Limited has strengthened its compliance framework, including enhancing monitoring and reconciliation processes for transactions undertaken by Designated Persons and their immediate relatives.
The details of the purchase and sale transactions are summarized below:
Summary of Equity Transactions
| Activity | Quantity | Total Amount (₹) | Transaction Window Status |
|---|---|---|---|
| Total Purchases | 260 Shares | 36,920.00 | Varied (Including window closures) |
| Total Sale | 260 Shares | 18,202.28 | Trading window closure |
| Actual Financial Loss | - | 18,717.72 | - |
The transactions involving the sale on April 26, 2026, were conducted during a period designated as a trading window closure for consideration and declaration of financial results of the company.
Details of the purchase transactions are presented as follows:
| Trade Date | Exchange | Transaction | Quantity (Shares) | Trade Price (₹) | Amount (₹) |
|---|---|---|---|---|---|
| 05-Apr-24 | NSE | Buy | 55 | 156.80 | 8,624.00 |
| 09-Apr-24 | NSE | Buy | 50 | 150.00 | 7,500.00 |
| 04-Jun-24 | NSE | Buy | 100 | 124.00 | 12,400.00 |
| 01-Nov-24 | NSE | Buy | 10 | 134.00 | 1,340.00 |
| Total | - | - | 260 | Avg. ₹ 144.32 | 36,920.00 |
The single sale transaction details are as follows:
| Trade Date | Exchange | Transaction | Quantity (Shares) | Trade Price (₹) | Amount (₹) |
|---|---|---|---|---|---|
| 24-Apr-26 | NSE | Sell | 260 | 70.01 | 18,202.28 |
WSI Stock Price Movement
On Monday, W S Industries (I) Limited shares edged higher to close at ₹60.48, posting a 0.88% increase on the previous day’s trading session. The stock saw substantial movement through the day, with volume reaching 20,348 shares and maintaining pressure after having previously touched its 52-week low.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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.