W S Industries (I) R.Karthik as Non steps down
W S Industries (I) (WSI) said R.Karthik as Non has ceased. The company is valued at about ₹549 crore.
What happened
In a filing with the NSE on 31 October 2026 at 11:24 AM, W S Industries (I) (WSI) said that R.Karthik as Non has ceased.
From the filing: "W S Industries (I) Limited has informed the Exchange regarding Cessation of Mr R.Karthik as Non- Executive Independent Director of the company w.e.f."
Company snapshot
W S Industries (I) is a micro-cap company, with a market value of about ₹549 crore.
The stock last traded at ₹72.32, against a 52-week range of ₹50.1–₹95 (23.9% below the high).
Before this filing the shares had moved +29.8% over the month and +18.2% over three months. Average daily turnover over the last 20 sessions was about ₹0.62 crore.
Promoters held 51.67% at the end of Q1 FY27, up 0.03% points from the previous quarter; 2.15% of promoter shares were pledged. Foreign institutions owned 13.53% and domestic institutions 0.09%.
| Quarter | Revenue | Net profit | EPS (₹) |
|---|---|---|---|
| Q1 FY26 | 26 | 1.4 | 0.19 |
| Q2 FY26 | 24 | 0.4 | 0.01 |
| Q3 FY26 | 21 | -1.9 | -0.34 |
| Q4 FY26 | 21 | 2.7 | 0.39 |
| Q1 FY27 | 0 | 1.9 | 0.24 |
What history shows
BCEIE's records show 4 previous management change filings from the company since May 2026.
After those filings, the stock fell 1.5% on average the next trading day and was down 0.7% on average after five days (3 filings with price data).
Market-wide, 4,075 management change filings with an impact score of 50 or more saw an average next-day move of −0.1%, with 44% rising.
Past reactions describe what happened before; they are not a forecast.
| Date | Filing | Next day | 5 days |
|---|---|---|---|
| 4 Sept 2026 | Management change | −1.0% | −0.7% |
| 4 Sept 2026 | Management change | −1.0% | −0.7% |
| 10 Aug 2026 | Appointment of Ms. Rajendran Stella Isabella and Mr. Joyjeet Bose as… | −2.5% | −0.5% |
What to watch
- The appointment of a successor and any change in strategy or guidance.
Source
Automatically written from the exchange filing and BCEIE data. Not investment advice. Check the original filing before acting on it.