C K Venkatachalam, C K Balasubramaniam, S Anandav Adivel, S Ara Vindan, S Nagarajan, Prakash K.V and Trineva Infra Projects Private Limited made an offer to acquire 26.001113% stake in W.S. Industries (India) Limited (BSE:504220) for approximately INR 100 million on April 30, 2022. In related transaction, C K Venkatachalam, C K Balasubramaniam, S Anandav Adivel, S Ara Vindan, S Nagarajan, Prakash K.V and Trineva Infra Projects Private Limited entered into share purchase agreement to acquire 31.08% stake in W.S. Industries (India) Limited on April 30, 2022. The offer is made to acquire 80,33,000 shares at INR 12.5 per share. The offerors have made firm financial arrangements to finance the transaction. Offer period will commence from June 22, 2022 to July 5, 2022. As per update on May 14, 2022, offer period will commence from June 23, 2022 to July 6, 2022. As per update on June 21, 2022, offer period will commence from June 28, 2022 to July 11, 2022. No statutory approvals or minimum acceptance level is required for the transaction. Gaurav Khandelwal and Pooja Jain of Saffron Capital Advisors Private Limited acted as managers to offerors. S YuvraJ of Integrated Registry Management Services Private Limited acted as registrar to offerors.

C K Venkatachalam, C K Balasubramaniam, S Anandav Adivel, S Ara Vindan, S Nagarajan, Prakash K.V and Trineva Infra Projects Private Limited completed the acquisition of 0.46% stake in W.S. Industries (India) Limited (BSE:504220) for INR 1.8 million on July 11, 2022. Under the offer, 0.14 million shares were tendered.