| <p>W.S. Industries (India) Limited has consistently revised its plans for funds raised through preferential allotments, frequently seeking and receiving shareholder approval to extend utilization timelines and adjust allocations, according to recent filings. The company has utilized portions of funds raised to redeem existing preference shares and non-convertible debentures, with India Ratings and Research Pvt. Ltd. serving as a monitoring agency for several issuances. As of September 30, 2026, significant unutilized amounts remain, including Rs. 64.29 Crores from a January 2, 2026, preferential issue, originally intended for land acquisition, debt redemption, working capital, and general corporate purposes, which were subsequently reduced. Additionally, 18,66,222 warrants were forfeited due to non-exercise, and a total of 24,34,786 warrants were issued in September 2024, with a portion converted and the remainder lapsed.</p> |