Integrated Filing — IndAS

General information about company

Scrip Code	504220
NSE Symbol	WSI
MSEI Symbol	NOTLISTED
ISIN	INE100D01014
Name of company	W. S. Industries (India) Limited
Type of company	Main Board
Class of security	Equity
Date of start of financial year	01-04-2026
Date of end of financial year	31-03-2027
Date of board meeting when results were approved	10-08-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange	04-08-2026
Description of presentation currency	INR
Level of rounding used in financial results	Lakhs
Reporting Type	Quarterly
Reporting Quarter	First quarter
Nature of report standalone or consolidated	Standalone
Whether results are audited or unaudited for the quarter ended	Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended
Segment Reporting	Single segment
Description of single segment	Not Applicable
Start date and time of board meeting	10-08-2026 16:30:00
End date and time of board meeting	10-08-2026 17:16:00
Whether cash flow statement is applicable on company
Type of cash flow statement
Declaration of unmodified opinion or statement on impact of audit qualification	Not applicable
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter?	Yes
No. of times funds raised during the quarter	5
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity?	No
Not Applicable

Financial Results Ind-AS

Amount in (Lakhs)

Particulars		3 months/ 6 months ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
A	Date of start of reporting period	01-04-2026	01-04-2026
B	Date of end of reporting period	30-06-2026	30-06-2026
C	Whether results are audited or unaudited	Unaudited	Unaudited
D	Nature of report standalone or consolidated	Standalone	Standalone
1	Income
	Revenue from operations	43.00	43.00
	Other income	607.00	607.00
	Total income	650.00	650.00
2	Expenses
(a)	Cost of materials consumed	16.00	16.00
(b)	Purchases of stock-in-trade	0.00	0.00
(c)	Changes in inventories of finished goods, work-in-progress and stock-in-trade	0.00	0.00
(d)	Employee benefit expense	65.00	65.00
(e)	Finance costs	158.00	158.00
(f)	Depreciation, depletion and amortisation expense	33.00	33.00
(f)	Other Expenses
1	Construction and other operating expenses	9.00	9.00
2	Other Expenses	200.00	200.00
	Total other expenses	209.00	209.00
	Total expenses	481.00	481.00
3	Total profit before exceptional items and tax	169.00	169.00
4	Exceptional items	16.00	16.00
5	Total profit before tax	185.00	185.00
6	Tax expense
7	Current tax	44.00	44.00
8	Deferred tax	(35.00)	(35.00)
9	Total tax expenses	9.00	9.00
10	Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement	0.00	0.00
11	Net Profit Loss for the period from continuing operations	176.00	176.00
12	Profit (loss) from discontinued operations before tax	0.00	0.00
13	Tax expense of discontinued operations	0.00	0.00
14	Net profit (loss) from discontinued operation after tax	0.00	0.00
15	Share of profit (loss) of associates and joint ventures accounted for using equity method	0.00	0.00
16	Total profit (loss) for period	176.00	176.00
17	Other comprehensive income net of taxes	4.00	4.00
18	Total Comprehensive Income for the period	180.00	180.00
19	Total profit or loss, attributable to
	Profit or loss, attributable to owners of parent
	Total profit or loss, attributable to non-controlling interests
20	Total Comprehensive income for the period attributable to
	Comprehensive income for the period attributable to owners of parent
	Total comprehensive income for the period attributable to owners of parent non-controlling interests
21	Details of equity share capital
	Paid-up equity share capital	7,590.00	7,590.00
	Face value of equity share capital	10	10
27	Details of debt securities
22	Reserves excluding revaluation reserve
23	Earnings per share
i	Earnings per equity share for continuing operations
	Basic earnings (loss) per share from continuing operations	0.22	0.22
	Diluted earnings (loss) per share from continuing operations	0.2	0.2
ii	Earnings per equity share for discontinued operations
	Basic earnings (loss) per share from discontinued operations	0	0
	Diluted earnings (loss) per share from discontinued operations	0	0
ii	Earnings per equity share
	Basic earnings (loss) per share from continuing and discontinued operations	0.22	0.22
	Diluted earnings (loss) per share from continuing and discontinued operations	0.2	0.2
24	Debt equity ratio
25	Debt service coverage ratio
26	Interest service coverage ratio
27	Disclosure of notes on financial results		Textual Information(1)

Disclosure of notes on financial results

Textual Information(1)	1. The above unaudited standalone results were reviewed by the Audit Committee on 10th August 2026, approved and taken on record by the Board at its meeting held on 10th August 2026, in terms of Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015. 2.The Company adopted the unaudited standalone financial results for the Quarter ended 30th June 2026 which are prepared in accordance with the recognition and measurement principles laid down in Ind AS prescribed under Section 133 of the companies Act, 2013 read with Companies (Indian Accounting Standard)Rules, 2015 (as amended) and other accounting principles generally accepted in India and in compliance with Regulation 33 of Securities Exchange Board of India(Listing Obligation and Disclosure Regulation requirements, 2015) (as amended). 3.The company continues to prepare its Accounts and the Statement of unaudited financial results on a 'going concern' basis of accounting. 4.The company operates primarily in Infra segment and accordingly the company is not required to present segment information. 5.During the financial year 2022-23 long outstanding overseas creditors and debtors with credit balances pertaining to the discontinued Electro porcelain products division and continuing business of turnkey projects from erstwhile operations amounting to Rs.5.55 crores have been writtenback. 6.During the quarter ended under review, the Company completed the sale of land situated at Shettigere village, Bangalore for an aggregate consideration of Rs. 6.04 Crores. The resulting gain on sale amounting to Rs. 4.37 Crores has been recognised in the Statement of Profit and Loss under Other Income. 7.Exceptional Items for the quarter comprise a write-back of creditors no longer payable amounting to Rs.0.16 crore during the Quarter ended 30th June, 2026. 8.Figures have been regrouped/reclassified wherever necessary, to conform to this period's classifications. 9.During the FY 2025-26, the company has raised money through Preferential Issue (I & II) of Equity and Convertible share warrants, which is disclosed in the PDF format of results uploaded in Stock Exchange websites and on the Company website.

Textual Information(1)

1. The above unaudited standalone results were reviewed by the Audit Committee on 10th August 2026, approved and taken on record by the Board at its meeting held on 10th August 2026, in terms of Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015. 2.The Company adopted the unaudited standalone financial results for the Quarter ended 30th June 2026 which are prepared in accordance with the recognition and measurement principles laid down in Ind AS prescribed under Section 133 of the companies Act, 2013 read with Companies (Indian Accounting Standard)Rules, 2015 (as amended) and other accounting principles generally accepted in India and in compliance with Regulation 33 of Securities Exchange Board of India(Listing Obligation and Disclosure Regulation requirements, 2015) (as amended). 3.The company continues to prepare its Accounts and the Statement of unaudited financial results on a 'going concern' basis of accounting. 4.The company operates primarily in Infra segment and accordingly the company is not required to present segment information. 5.During the financial year 2022-23 long outstanding overseas creditors and debtors with credit balances pertaining to the discontinued Electro porcelain products division and continuing business of turnkey projects from erstwhile operations amounting to Rs.5.55 crores have been writtenback. 6.During the quarter ended under review, the Company completed the sale of land situated at Shettigere village, Bangalore for an aggregate consideration of Rs. 6.04 Crores. The resulting gain on sale amounting to Rs. 4.37 Crores has been recognised in the Statement of Profit and Loss under Other Income. 7.Exceptional Items for the quarter comprise a write-back of creditors no longer payable amounting to Rs.0.16 crore during the Quarter ended 30th June, 2026. 8.Figures have been regrouped/reclassified wherever necessary, to conform to this period's classifications. 9.During the FY 2025-26, the company has raised money through Preferential Issue (I & II) of Equity and Convertible share warrants, which is disclosed in the PDF format of results uploaded in Stock Exchange websites and on the Company website.

Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio

Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

Particulars		3 months/ 6 month ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period		01-04-2026	01-04-2026
Date of end of reporting period		30-06-2026	30-06-2026
Whether results are audited or unaudited		Unaudited	Unaudited
Nature of report standalone or consolidated		Standalone	Standalone
1	Segment Revenue (Income)
	(net sale/income from each segment should be disclosed)
	Total Segment Revenue
	Less: Inter segment revenue
	Revenue from operations
2	Segment Result
	Profit (+) / Loss (-) before tax and interest from each segment
	Total Profit before tax
	i. Finance cost
	ii. Other Unallocable Expenditure net off Unallocable income
	Profit before tax
3	(Segment Asset - Segment Liabilities)
	Segment Asset
	Total Segment Asset
	Un-allocable Assets	null	null
	Net Segment Asset	null	null
4	Segment Liabilities
	Segment Liabilities
	Total Segment Liabilities
	Un-allocable Liabilities	null	null
	Net Segment Liabilities	null	null
	Disclosure of notes on segments

Other Comprehensive Income

Amount in (Lakhs)

Particulars		3 months/ 6 months ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
A	Date of start of reporting period	01-04-2026	01-04-2026
B	Date of end of reporting period	30-06-2026	30-06-2026
C	Whether results are audited or unaudited	Unaudited	Unaudited
D	Nature of report standalone or consolidated	Standalone	Standalone
	Other comprehensive income [Abstract]
1	Amount of items that will not be reclassified to profit and loss
1	Remeasurement of Defined Benefits	4.00	4.00
	Total Amount of items that will not be reclassified to profit and loss	4.00
2	Income tax relating to items that will not be reclassified to profit or loss	0.00	0.00
3	Amount of items that will be reclassified to profit and loss
	Total Amount of items that will be reclassified to profit and loss
4	Income tax relating to items that will be reclassified to profit or loss	0.00	0.00
5	Total Other comprehensive income	4.00	4.00

Statement on Deviation or Variation for proceeds of Public Issue, Rights Issue, Preferential Issue, Qualified Institutions Placement Etc. (1)

Amount in (Lakhs)

Mode of Fund Raising	Preferential Issues
Description of mode of fund raising (Applicable in case of others is selected)
Date of Raising Funds	17-07-2025
Amount Raised	600.00
Report filed for Quarter ended	30-06-2026
Monitoring Agency	Not Applicable
Monitoring Agency Name, if applicable
Is there a Deviation / Variation in use of funds raised	No
If yes, whether the same is pursuant to change in terms of a contract or objects, which was approved by the shareholders
If Yes, Date of shareholder Approval
Explanation for the Deviation / Variation
Comments of the Audit Committee after review
Comments of the auditors, if any

Sr.	Original Object	Modified Object, if any	Original Allocation	Modified allocation, if any	Funds Utilised	Amount of Deviation/Variation for the quarter according to applicable object	Remarks if any
1	Investment in real estate for setting up warehousing, logistics & industrial park projects, light engineering, electronic factories, new acquisitions, either by the Company or through its one or more subsidiary(ies)	None	472.00	0.00	450.00	0.00	An amount of Rs.5.70 Crores was utilised during the quarter ended 30.09.2025. The original timeline for utilization of funds, as approved by the shareholders at the Extra-Ordinary General Meeting held on 2nd May 2024, was upto 31st October 2025. Further, in terms of the SEBI (ICDR) Regulations, 2018, the Convertible Warrants were required to be converted into equity shares within a period of 18 months from the date of allotment, and accordingly, the last date for conversion being 4th March 2026. Prior to the expiry of the said conversion period, the company had proposed extension of the timeline for utilisation of the said funds up to 31st October 2027, and the approval of shareholders for the same was duly obtained at the 3rd Extra-Ordinary General Meeting of FY 2025-26 held on 20th February 2026.
2	Deployment towards working capital	None	63.00	0.00	60.00	0.00	An amount of Rs.5.70 Crores was utilised during the quarter ended 30.09.2025. The original timeline for utilization of funds, as approved by the shareholders at the Extra-Ordinary General Meeting held on 2nd May 2024, was upto 31st October 2025. Further, in terms of the SEBI (ICDR) Regulations, 2018, the Convertible Warrants were required to be converted into equity shares within a period of 18 months from the date of allotment, and accordingly, the last date for conversion being 4th March 2026. Prior to the expiry of the said conversion period, the company had proposed extension of the timeline for utilisation of the said funds up to 31st October 2027, and the approval of shareholders for the same was duly obtained at the 3rd Extra-Ordinary General Meeting of FY 2025-26 held on 20th February 2026.
3	General Corporate Purposes	None	65.00	0.00	60.00	0.00	An amount of Rs.5.70 Crores was utilised during the quarter ended 30.09.2025. The original timeline for utilization of funds, as approved by the shareholders at the Extra-Ordinary General Meeting held on 2nd May 2024, was upto 31st October 2025. Further, in terms of the SEBI (ICDR) Regulations, 2018, the Convertible Warrants were required to be converted into equity shares within a period of 18 months from the date of allotment, and accordingly, the last date for conversion being 4th March 2026. Prior to the expiry of the said conversion period, the company had proposed extension of the timeline for utilisation of the said funds up to 31st October 2027, and the approval of shareholders for the same was duly obtained at the 3rd Extra-Ordinary General Meeting of FY 2025-26 held on 20th February 2026.

Statement on Deviation or Variation for proceeds of Public Issue, Rights Issue, Preferential Issue, Qualified Institutions Placement Etc. (2)

Amount in (Lakhs)

Mode of Fund Raising	Preferential Issues
Description of mode of fund raising (Applicable in case of others is selected)
Date of Raising Funds	29-10-2025
Amount Raised	5,625.00
Report filed for Quarter ended	30-06-2026
Monitoring Agency	Applicable
Monitoring Agency Name, if applicable	M/s.India Ratings and Research Pvt. Ltd
Is there a Deviation / Variation in use of funds raised	Yes
If yes, whether the same is pursuant to change in terms of a contract or objects, which was approved by the shareholders	Yes
If Yes, Date of shareholder Approval	12-12-2025
Explanation for the Deviation / Variation	The Original objects of the issue were approved by the shareholders at the 1st Extra-Ordinary General Meeting of FY 2025-26 held on 25th July 2025. Pursuant thereto, the Company allotted 2,25,00,000 convertible warrants at Rs. 100/- per warrant on 29th October 2025, against which 25% upfront consideration amounting to ₹56.25 crore was received. Subsequently, the shareholders, at the 2nd Extra-Ordinary General Meeting of FY 2025–26 held on 12th December 2025, approved a variation in the object-wise utilisation of the funds so raised.
Comments of the Audit Committee after review
Comments of the auditors, if any

Sr.	Original Object	Modified Object, if any	Original Allocation	Modified allocation, if any	Funds Utilised	Amount of Deviation/Variation for the quarter according to applicable object	Remarks if any
1	Acquisition and Development of Land, including Associated Incidental Cost / Expenses.	Acquisition and development of land, including Associated, incidental Costs	5,411.00	4,000.00	829.00	0.00	The original objects of the issue were approved by the shareholders at the 1st Extra-Ordinary General Meeting of FY 2025–26 held on 25th July 2025. Pursuant thereto, the Company allotted 2,25,00,000 convertible warrants at Rs. 100/- per warrant on 29th October 2025, against which 25% upfront consideration amounting to Rs.56.25 crore was received. Subsequently, the shareholders, at the 2nd Extra-Ordinary General Meeting of FY 2025–26 held on 12th December 2025, approved a variation in the object-wise utilisation of the funds so raised. An amount of Rs.42.31 Crores was utilised during the previous quarters ended 31.12.2025 and 31.03.2026 as detailed below: (i) Rs.29.20 Crores towards Acquisition and development of land, including Associated, incidental Costs. (ii) Rs.2.44 Crores towards Working Capital Requirements (iii) Rs.6.85 Crores towards Repayment of Outstanding Security Deposits. (iv) Rs.3.82 Crores towards General Corporate Purposes.
2	Working Capital Requirements.	Working Capital Requirements	625.00	400.00	2.00	0.00	The original objects of the issue were approved by the shareholders at the 1st Extra-Ordinary General Meeting of FY 2025–26 held on 25th July 2025. Pursuant thereto, the Company allotted 2,25,00,000 convertible warrants at Rs. 100/- per warrant on 29th October 2025, against which 25% upfront consideration amounting to Rs.56.25 crore was received. Subsequently, the shareholders, at the 2nd Extra-Ordinary General Meeting of FY 2025–26 held on 12th December 2025, approved a variation in the object-wise utilisation of the funds so raised. An amount of Rs.42.31 Crores was utilised during the previous quarters ended 31.12.2025 and 31.03.2026 as detailed below: (i) Rs.29.20 Crores towards Acquisition and development of land, including Associated, incidental Costs. (ii) Rs.2.44 Crores towards Working Capital Requirements (iii) Rs.6.85 Crores towards Repayment of Outstanding Security Deposits. (iv) Rs.3.82 Crores towards General Corporate Purposes.
3	General Corporate Purposes	General Corporate Purposes	375.00	382.00	0.00	0.00	The original objects of the issue were approved by the shareholders at the 1st Extra-Ordinary General Meeting of FY 2025–26 held on 25th July 2025. Pursuant thereto, the Company allotted 2,25,00,000 convertible warrants at Rs. 100/- per warrant on 29th October 2025, against which 25% upfront consideration amounting to Rs.56.25 crore was received. Subsequently, the shareholders, at the 2nd Extra-Ordinary General Meeting of FY 2025–26 held on 12th December 2025, approved a variation in the object-wise utilisation of the funds so raised. An amount of Rs.42.31 Crores was utilised during the previous quarters ended 31.12.2025 and 31.03.2026 as detailed below: (i) Rs.29.20 Crores towards Acquisition and development of land, including Associated, incidental Costs. (ii) Rs.2.44 Crores towards Working Capital Requirements (iii) Rs.6.85 Crores towards Repayment of Outstanding Security Deposits. (iv) Rs.3.82 Crores towards General Corporate Purposes.
4	Redemption of Non-Convertible Debentures (NCDs), in part, exclusively for principle alone not intended to pay interest portion	Repayment of outstanding Security Deposits	464.00	843.00	0.00	0.00	The original objects of the issue were approved by the shareholders at the 1st Extra-Ordinary General Meeting of FY 2025–26 held on 25th July 2025. Pursuant thereto, the Company allotted 2,25,00,000 convertible warrants at Rs. 100/- per warrant on 29th October 2025, against which 25% upfront consideration amounting to Rs.56.25 crore was received. Subsequently, the shareholders, at the 2nd Extra-Ordinary General Meeting of FY 2025–26 held on 12th December 2025, approved a variation in the object-wise utilisation of the funds so raised. An amount of Rs.42.31 Crores was utilised during the previous quarters ended 31.12.2025 and 31.03.2026 as detailed below: (i) Rs.29.20 Crores towards Acquisition and development of land, including Associated, incidental Costs. (ii) Rs.2.44 Crores towards Working Capital Requirements (iii) Rs.6.85 Crores towards Repayment of Outstanding Security Deposits. (iv) Rs.3.82 Crores towards General Corporate Purposes.

Statement on Deviation or Variation for proceeds of Public Issue, Rights Issue, Preferential Issue, Qualified Institutions Placement Etc. (3)

Amount in (Lakhs)

Mode of Fund Raising	Preferential Issues
Description of mode of fund raising (Applicable in case of others is selected)
Date of Raising Funds	02-01-2026
Amount Raised	9,943.00
Report filed for Quarter ended	30-06-2026
Monitoring Agency	Applicable
Monitoring Agency Name, if applicable	M/s.India Ratings and Research Pvt. Ltd
Is there a Deviation / Variation in use of funds raised	Yes
If yes, whether the same is pursuant to change in terms of a contract or objects, which was approved by the shareholders	Yes
If Yes, Date of shareholder Approval	20-02-2026
Explanation for the Deviation / Variation	The Original objects of the issue were approved by the shareholders at the 2nd Extra-Ordinary General Meeting of FY 2025-26 held on 12th December 2025. Pursuant thereto, the Company allotted 99,43,125 equity shares at Rs. 100/- per share on 02nd January 2026. Subsequently, the Shareholders, at the 3rd Extra-Ordinary General Meeting of FY 2025-26 held on 20th February, 2026 approved a variation in the object-wise utilisation of funds so raised.
Comments of the Audit Committee after review
Comments of the auditors, if any

Sr.	Original Object	Modified Object, if any	Original Allocation	Modified allocation, if any	Funds Utilised	Amount of Deviation/Variation for the quarter according to applicable object	Remarks if any
1	Acquisition and Development of land, including Associated Incidental costs/Expenses.	Acquisition and Development of land, including Associated Incidental costs/Expenses.	6,500.00	6,018.00	0.00	0.00	The original objects of the issue were approved by the shareholders at the 2nd Extra-Ordinary General Meeting of FY 2025–26 held on 12th December 2025. Pursuant thereto, the Company allotted 99,43,125 equity shares at Rs. 100/- per share on 02nd January 2026. Subsequently, the shareholders, at the 3rd Extra-Ordinary General Meeting of FY 2025–26 held on 20th February 2026, approved a variation in the object-wise utilisation of the funds so raised. *An amount of Rs.26.22 Crores was utilised during the previous quarter ended 31.03.2026 as detailed below: (i) Rs.9.25 Crores towards Redemption of Preference Shares. (ii) Rs.9.00 Crores towards Redemption of Non-Convertible Debentures (NCDs), in part, exclusively for principle alone not intended to pay interest portion. (iii) Rs.1.83 Crores towards Working Capital Requirements (iv) Rs.6.14 Crores towards General Corporate Purposes.
2	Redemption of Preference Shares	Redemption of Preference Shares	1,275.00	925.00	0.00	0.00	The original objects of the issue were approved by the shareholders at the 2nd Extra-Ordinary General Meeting of FY 2025–26 held on 12th December 2025. Pursuant thereto, the Company allotted 99,43,125 equity shares at Rs. 100/- per share on 02nd January 2026. Subsequently, the shareholders, at the 3rd Extra-Ordinary General Meeting of FY 2025–26 held on 20th February 2026, approved a variation in the object-wise utilisation of the funds so raised. *An amount of Rs.26.22 Crores was utilised during the previous quarter ended 31.03.2026 as detailed below: (i) Rs.9.25 Crores towards Redemption of Preference Shares. (ii) Rs.9.00 Crores towards Redemption of Non-Convertible Debentures (NCDs), in part, exclusively for principle alone not intended to pay interest portion. (iii) Rs.1.83 Crores towards Working Capital Requirements (iv) Rs.6.14 Crores towards General Corporate Purposes.
3	Redemption of Non-Convertible Debentures (NCDs), in part, exclusively for principle alone not intended to pay interest portion	Redemption of Non-Convertible Debentures (NCDs), in part, exclusively for principle alone not intended to pay interest portion	1,855.00	900.00	0.00	0.00	The original objects of the issue were approved by the shareholders at the 2nd Extra-Ordinary General Meeting of FY 2025–26 held on 12th December 2025. Pursuant thereto, the Company allotted 99,43,125 equity shares at Rs. 100/- per share on 02nd January 2026. Subsequently, the shareholders, at the 3rd Extra-Ordinary General Meeting of FY 2025–26 held on 20th February 2026, approved a variation in the object-wise utilisation of the funds so raised. *An amount of Rs.26.22 Crores was utilised during the previous quarter ended 31.03.2026 as detailed below: (i) Rs.9.25 Crores towards Redemption of Preference Shares. (ii) Rs.9.00 Crores towards Redemption of Non-Convertible Debentures (NCDs), in part, exclusively for principle alone not intended to pay interest portion. (iii) Rs.1.83 Crores towards Working Capital Requirements (iv) Rs.6.14 Crores towards General Corporate Purposes.
4	Working Capital Requirements	Working Capital Requirements	3,400.00	1,100.00	539.00	0.00	The original objects of the issue were approved by the shareholders at the 2nd Extra-Ordinary General Meeting of FY 2025–26 held on 12th December 2025. Pursuant thereto, the Company allotted 99,43,125 equity shares at Rs. 100/- per share on 02nd January 2026. Subsequently, the shareholders, at the 3rd Extra-Ordinary General Meeting of FY 2025–26 held on 20th February 2026, approved a variation in the object-wise utilisation of the funds so raised. *An amount of Rs.26.22 Crores was utilised during the previous quarter ended 31.03.2026 as detailed below: (i) Rs.9.25 Crores towards Redemption of Preference Shares. (ii) Rs.9.00 Crores towards Redemption of Non-Convertible Debentures (NCDs), in part, exclusively for principle alone not intended to pay interest portion. (iii) Rs.1.83 Crores towards Working Capital Requirements (iv) Rs.6.14 Crores towards General Corporate Purposes.
5	General Corporate Purposes	General Corporate Purposes	1,470.00	1,000.00	46.00	0.00	The original objects of the issue were approved by the shareholders at the 2nd Extra-Ordinary General Meeting of FY 2025–26 held on 12th December 2025. Pursuant thereto, the Company allotted 99,43,125 equity shares at Rs. 100/- per share on 02nd January 2026. Subsequently, the shareholders, at the 3rd Extra-Ordinary General Meeting of FY 2025–26 held on 20th February 2026, approved a variation in the object-wise utilisation of the funds so raised. *An amount of Rs.26.22 Crores was utilised during the previous quarter ended 31.03.2026 as detailed below: (i) Rs.9.25 Crores towards Redemption of Preference Shares. (ii) Rs.9.00 Crores towards Redemption of Non-Convertible Debentures (NCDs), in part, exclusively for principle alone not intended to pay interest portion. (iii) Rs.1.83 Crores towards Working Capital Requirements (iv) Rs.6.14 Crores towards General Corporate Purposes.

Statement on Deviation or Variation for proceeds of Public Issue, Rights Issue, Preferential Issue, Qualified Institutions Placement Etc. (4)

Amount in (Lakhs)

Mode of Fund Raising	Preferential Issues
Description of mode of fund raising (Applicable in case of others is selected)
Date of Raising Funds	02-01-2026
Amount Raised	1,250.00
Report filed for Quarter ended	30-06-2026
Monitoring Agency	Applicable
Monitoring Agency Name, if applicable	M/s.India Ratings and Research Pvt. Ltd
Is there a Deviation / Variation in use of funds raised	No
If yes, whether the same is pursuant to change in terms of a contract or objects, which was approved by the shareholders
If Yes, Date of shareholder Approval
Explanation for the Deviation / Variation
Comments of the Audit Committee after review
Comments of the auditors, if any

Sr.	Original Object	Modified Object, if any	Original Allocation	Modified allocation, if any	Funds Utilised	Amount of Deviation/Variation for the quarter according to applicable object	Remarks if any
1	Acquisition and Development of Land, including Associated Incidental Cost / Expenses.	None	1,250.00	0.00	0.00	0.00

Statement on Deviation or Variation for proceeds of Public Issue, Rights Issue, Preferential Issue, Qualified Institutions Placement Etc. (5)

Amount in (Lakhs)

Mode of Fund Raising	Preferential Issues
Description of mode of fund raising (Applicable in case of others is selected)
Date of Raising Funds	04-03-2026
Amount Raised	37.00
Report filed for Quarter ended	30-06-2026
Monitoring Agency	Not Applicable
Monitoring Agency Name, if applicable
Is there a Deviation / Variation in use of funds raised	No
If yes, whether the same is pursuant to change in terms of a contract or objects, which was approved by the shareholders
If Yes, Date of shareholder Approval
Explanation for the Deviation / Variation
Comments of the Audit Committee after review
Comments of the auditors, if any

Sr.	Original Object	Modified Object, if any	Original Allocation	Modified allocation, if any	Funds Utilised	Amount of Deviation/Variation for the quarter according to applicable object	Remarks if any
1	Investment in real estate for setting up warehousing, logistics & industrial park projects, light engineering, electronic factories, new acquisitions, either by the Company or through its one or more subsidiary(ies)	None	28.00	0.00	0.00	0.00	The original timeline for utilization of funds, as approved by the shareholders at the Extra-Ordinary General Meeting held on 2nd May 2024, was upto 31st October 2025. Further, in terms of the SEBI (ICDR) Regulations, 2018, the Convertible Warrants were required to be converted into equity shares within a period of 18 months from the date of allotment, and accordingly, the last date for conversion being 4th March 2026. Prior to the expiry of the said conversion period, the company had proposed extension of the timeline for utilisation of the said funds up to 31st October 2027, and the approval of shareholders for the same was duly obtained at the 3rd Extra-Ordinary General Meeting of FY 2025-26 held on 20th February 2026. Note: The Company allotted 24,34,786 Convertible Warrants on 5th September, 2024, out of the same: 5,35,120 warrants were converted into equity shares on 17th July, 2025; 33,444 warrants were converted into equity shares on 4th March, 2026. the balance 18,66,222 Convertible Warrants, were not exercised/converted within the stipulated period of 18 months. Hence stood lapsed and forfeited in accordance with the terms of issue and Regulation 169 of SEBI (ICDR) Regulations.
2	Deployment towards working capital	None	3.00	0.00	0.00	0.00	The original timeline for utilization of funds, as approved by the shareholders at the Extra-Ordinary General Meeting held on 2nd May 2024, was upto 31st October 2025. Further, in terms of the SEBI (ICDR) Regulations, 2018, the Convertible Warrants were required to be converted into equity shares within a period of 18 months from the date of allotment, and accordingly, the last date for conversion being 4th March 2026. Prior to the expiry of the said conversion period, the company had proposed extension of the timeline for utilisation of the said funds up to 31st October 2027, and the approval of shareholders for the same was duly obtained at the 3rd Extra-Ordinary General Meeting of FY 2025-26 held on 20th February 2026. Note: The Company allotted 24,34,786 Convertible Warrants on 5th September, 2024, out of the same: 5,35,120 warrants were converted into equity shares on 17th July, 2025; 33,444 warrants were converted into equity shares on 4th March, 2026. the balance 18,66,222 Convertible Warrants, were not exercised/converted within the stipulated period of 18 months. Hence stood lapsed and forfeited in accordance with the terms of issue and Regulation 169 of SEBI (ICDR) Regulations.
3	General Corporate Purposes	None	6.00	0.00	0.00	0.00	The original timeline for utilization of funds, as approved by the shareholders at the Extra-Ordinary General Meeting held on 2nd May 2024, was upto 31st October 2025. Further, in terms of the SEBI (ICDR) Regulations, 2018, the Convertible Warrants were required to be converted into equity shares within a period of 18 months from the date of allotment, and accordingly, the last date for conversion being 4th March 2026. Prior to the expiry of the said conversion period, the company had proposed extension of the timeline for utilisation of the said funds up to 31st October 2027, and the approval of shareholders for the same was duly obtained at the 3rd Extra-Ordinary General Meeting of FY 2025-26 held on 20th February 2026. Note: The Company allotted 24,34,786 Convertible Warrants on 5th September, 2024, out of the same: 5,35,120 warrants were converted into equity shares on 17th July, 2025; 33,444 warrants were converted into equity shares on 4th March, 2026. the balance 18,66,222 Convertible Warrants, were not exercised/converted within the stipulated period of 18 months. Hence stood lapsed and forfeited in accordance with the terms of issue and Regulation 169 of SEBI (ICDR) Regulations.

Signatory Details

Name of signatory	T R Sivaraman
Designation of person	Chief Financial Officer
Place	Chennai
Date	10-08-2026