W.S. Industries (India) Ltd. — M&A Activity 2022

May 7, 2022

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7[th] May, 2022

BSE Ltd. National Stock Exchange of India Ltd. Phiroze Jeejeebhoy Towers, “Exchange Plaza” 25[th] Floor, Dalal Street, Bandra-Kurla Complex Mumbai 400001 Bandra (East), Mumbai 400051 Scrip Code: 504220 Symbol: WSI

Dear Sir,

Sub: Detailed Public Statement published by the Acquirers-reg.

We herewith forward the Detailed Public Statement received from M/s. Saffron Capital Advisors Private Limited with respect to the publication of Detailed Public Statement on behalf of the Acquirers on open offer.

For your information and records.

Thanking You,

Yours faithfully, for W.S. Industries (India) Limited B. Swaminathan Company Secretary

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Saffron Capital Advisors Private Limited 605, Sixth Floor, Centre Point, Andheri Kurla Road J.B. Nagar, Andheri (East), Mumbai ‐ 400059 Tel.: +91‐22‐49730394 Email: info@saffronadvisor.com Website: www.saffronadvisor.com CIN No.: U67120MH2007PTC166711

May 7, 2022

To,

W.S. Industries (India) Limited 108, Mount Poonamalee Road Porur Chennai – 600116 Tamil Nadu, India

Dear Sir/Madam,

Sub: Proposed Open Offer by Mr. C K Venkatachalam (“Acquirer 1”), Mr. C K Balasubramaniam (“Acquirer 2”), Mr. S Anandavadivel (“Acquirer 3”), Mr. S Aravindan (“Acquirer 4”), Mr. S Nagarajan (“Acquirer 5”), Mr. Prakash K.V(“Acquirer 6”) and Trineva Infra Projects Private Limited (“Acquirer 7”) (Collectively Referred to as “Acquirers”) to acquire upto 80,33,000 Equity shares of ₹ 10/- each for cash at a price of ₹ 12.50 (Rupees Twelve and Fifty Paise only) per Equity Share aggregating upto ₹ 10,04,12,500/- (Ten Crores Four Lakhs Twelve Thousand and Five Hundred only), to the Public shareholders of W.S. Industries (India) Limited (“Target Company”) in accordance with the extant Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (“Takeover Regulations”) (“Open Offer”).

1. We have been appointed as ‘Manager’ to the captioned Open Offer by the Acquirer in terms of regulation 12(1) of the Takeover Regulations. In this regard, we are enclosing herewith a copy of Detailed Public Statement dated May 6, 2022 (“ DPS ”) duly signed by the Power of Attorney Holder Mr. S Nagarajan (for himself and Acquirers 1, 2, 3, 4 and 6 under Specific Power of Attorney dated April 30, 2022) and Mr. C K Venkatachalam, on behalf of the Acquirer 7. The DPS was published today, May 7, 2022.

In case of any clarification required, please contact the person as mentioned below:

Contact Person	Designation	Contact Number		E-mail Id
Gaurav Khandelwal	Vice President	9769340475		gaurav@saffronadvisor.com
Pooja Jain	Assistant Company Secretary and Compliance Officer	6260588358		pooja@saffronadvisor.com

For Saffron Capital Advisors Private Limited

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Gaurav Khandelwal Vice President Equity Capital Markets Encl: a/a

Registered Office: H‐130, Bhoomi Green, Raheja Estate, Kulupwadi, Borivali (East), Mumbai‐400 066/ SEBI Registration No: INM000011211

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