Outcome of Board Meeting held on 27.07.2026

W.S. Industries (India) Limited 27th July, 2026 WSI/SECTL/SE/26-27/28 M/s. BSE Ltd. M/s. National Stock Exchange of India Ltd. Phiroze Jeejeebhoy Towers, Regd Office: “Exchange Plaza” 25th Floor, Dalal Street, Bandra-Kurla Complex Mumbai – 400001 Bandra (East), Mumbai - 400051 Scrip Code: 504220 Symbol: WSI Dear Sir, Sub: Outcome of the meeting of the Board of Directors held on 27th July, 2026. Pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI LODR Regulations"), we wish to inform you that the Board of Directors of W.S. Industries (India) Limited ("the Company"), at its meeting held today, i.e., Monday, 27th July, 2026, inter-alia, considered and approved the proposal for the Company, in its capacity as Developer, to enter into a Binding Tripartite Term Sheet with M/s. SIXP Realty Private Limited ("Landowner") and [Name of Marketing Co-Developer] ("Marketing Co-Developer") for undertaking the development of a senior living / senior care residential project at Poonamalee, Outer Ring Road (ORR), Chennai, Tamil Nadu ("Project"). Pursuant to the aforesaid approval of the Board, the Binding Tripartite Term Sheet will be executed by the Company, the Landowner and the Marketing Co-Developer on or after 27th July, 2026. Under the terms of the Binding Tripartite Term Sheet, the Company shall act as the Developer and shall be responsible for the end-to-end development and execution of the Project. The Project is proposed to be developed on approximately 4.00 acres of land, in phases, with an indicative FSI / FAR of 3.25 and an indicative permissible built-up area of approximately 5,66,280 sq. ft., subject to applicable statutory approvals. The Company, in its capacity as Developer, shall be entitled to a Fixed Return equivalent to 7.5% of the Topline actually realised from the Project, subject to the terms and conditions of the Binding Tripartite Term Sheet and the definitive agreement to be executed between the Parties. The Board has also approved the proposal for the Company to apply for, raise and arrange Working Capital facilities required for the development and execution of the Project. The proposed Working Capital facilities are intended to be secured, inter-alia, against the Project Land owned by the Landowner and, where required by the concerned lender(s), the current assets and other assets of the Project, including receivables, inventory, stocks, book debts and other movable and/or current assets, whether existing or created/acquired out of or in connection with such Working Capital facilities, may also be offered as additional security, subject to applicable approvals and financing terms. Page 1 of 4 Registered Office: 3rd Floor, New No.48, Old No. 21, Savidhaanu Building, Casa Major Road, Egmore, Chennai - 600 008, Tamil Nadu, India Contact : (91) - 89258 02400 CIN : L42909TN1961PLC004568 Dept E-mail : sectl@wsigroup.in Website : wsindustries.in W.S. Industries (India) Limited The disclosures required under Regulation 30 of the SEBI LODR Regulations read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated 13th July, 2023, are enclosed herewith as Annexure – I. The Board Meeting commenced at 17.35 Hrs and concluded at 17.45 Hrs. You are requested to take the above information on record and acknowledge. Thanking You, Yours faithfully, For W.S. INDUSTRIES (INDIA) LIMITED V. Balamurugan Company Secretary Page 2 of 4 Registered Office: 3rd Floor, New No.48, Old No. 21, Savidhaanu Building, Casa Major Road, Egmore, Chennai - 600 008, Tamil Nadu, India Contact : (91) - 89258 02400 CIN : L42909TN1961PLC004568 Dept E-mail : sectl@wsigroup.in Website : wsindustries.in W.S. Industries (India) Limited Annexure I Disclosures under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated 13th July, 2023. S. Particulars Details 1. Name(s) of parties M/s. SIXP Realty Private Limited ("Landowner"), W.S. Industries with whom the (India) Limited ("Developer") and M/s. Bharathi & Associates Asset agreement is entered Building Private Limited ("Marketing Co-Developer"). 2. Purpose of entering To record the material commercial and operational terms mutually into the agreement agreed between the Parties for undertaking the development of a senior living / senior care residential project at Poonamalee, Outer Ring Road (ORR), Chennai, Tamil Nadu. 3. Nature of the Binding Tripartite Term Sheet for development of a senior living / agreement senior care residential project. 4. Date of execution of On or after 27.07.2026 the agreement 5. Size of the agreement  The Project is proposed to be developed on approximately 4.00 acres of land, in phases, with an indicative FSI / FAR of 3.25, and an indicative permissible built-up area of approximately 5,66,280 sq. ft., subject to applicable statutory approvals. 6. Significant terms of  The Company shall act as the Developer and shall be responsible for the agreement the end-to-end development and execution of the Project, in phases.  The Landowner shall provide the Project Land for development and shall make the same available as security / collateral for the Working Capital facilities proposed to be arranged for the Project, subject to the terms and conditions stipulated by the concerned lender(s) and execution of the requisite financing and security documents.  The Marketing Co-Developer shall undertake branding, marketing and sales activities and such other responsibilities as may be agreed between the Parties. 7. Consideration /  The Company, in its capacity as Developer, shall be entitled to a commercial Fixed Return equivalent to 7.5% of the Topline actually realised arrangement from the Project, subject to the terms and conditions of the Binding Tripartite Term Sheet and the definitive agreement to be executed between the Parties.  The Marketing Co-Developer shall be entitled to a Fixed Fee equivalent to 15% of the Topline, inclusive of the sales and marketing expenditure to be incurred by it. 8. Working Capital /  The Company shall be responsible for applying for, raising and funding arrangement arranging the Working Capital facilities required for the development and execution of the Project.  The proposed Working Capital facilities are intended to be secured, inter-alia, against the Project Land owned by the Landowner. Further, where required by the concerned lender(s), the current assets and other assets of the Project, including receivables, Page 3 of 4 Registered Office: 3rd Floor, New No.48, Old No. 21, Savidhaanu Building, Casa Major Road, Egmore, Chennai - 600 008, Tamil Nadu, India Contact : (91) - 89258 02400 CIN : L42909TN1961PLC004568 Dept E-mail : sectl@wsigroup.in Website : wsindustries.in W.S. Industries (India) Limited S. Particulars Details inventory, stocks, book debts and other movable and/or current assets, whether existing or created/acquired out of or in connection with such Working Capital facilities, may also be offered as additional security by way of hypothecation, assignment, charge or other appropriate security interest.  The Working Capital facilities are proposed to be availed subject to sanction by the concerned lender(s) and applicable approvals. 9. Whether the No. transaction would fall within related party transactions? If yes, whether the same is done at "arm's length" 10. Details of any other The Binding Tripartite Term Sheet contemplates execution of a agreement entered detailed Tripartite Joint Venture / Development Agreement or other into in relation to the definitive agreement between the Parties, se(cid:308)ing out the detailed transaction rights, obligations and responsibilities of the Parties, subject to satisfaction of the applicable conditions precedent. 11. Whether the Yes. The Term Sheet is legally binding and enforceable upon the agreement is binding Parties in ac [Showing first 8,000 characters — download PDF for full document]