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However, through a disclosure submitted to the Stock Exchanges under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, the Promoters have clarified that there is no business connection between Mr. Eswaran Seyyadurai and the Company, its Promoter, or the Promoter Group, with respect to W.S. Industries (India) Limited. Note 2: The sectorial cap under Table VI, is being altered based on the notes given therein, as guided by the Note 1 of the said table, (the company does not have any board approved limit, the statutory cap provided by Government / Regulatory Authorities) the limit provided under FEMA (Non-Debt Instruments) Rules, 2019 is taken and it is 100%. 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