Welspun Enterprises Ltd

Clarification on volume movement

• No price-sensitive events; volume movement due to ordinary-course activities; will disclose if any information arises.

AGM details

• 32nd AGM held Aug 20, 2026 at 11:00 a.m. IST via VC/OAVM.
• Record date: Aug 14, 2026.
• Remote e-voting: Aug 17–19, 2026.
• Total shareholders on record: 50,558.
• Attendance via VC: promoters 3, public 42.

Resolutions & results

• 14 resolutions were put to vote.
• All 14 resolutions passed at AGM.
• Results will be displayed at the registered office and on NSDL's site.

Documentation & filing

• Consolidated Scrutinizer's Report on e-voting submitted.
• Annexure-2 contains the voting results.
• Enclosures include Scrutinizer's Report and voting results.

AGM Details

• 32nd AGM held Aug 20, 2026 at 11:00 IST via VC/OAVM.

Resolutions

• Adopt audited standalone and consolidated financial statements for FY ended March 31, 2026.
• Declare final dividend of ₹3 per share for FY2025-26.
• Re-appoint Rajesh Mandawewala as director through rotation.
• Ratify statutory auditor remuneration for FY2026-27.
• Ratify cost auditor remuneration for FY2026-27.
• Ratify secretarial auditor remuneration for FY2026-27.
• Approve private placement of securities up to ₹1,000 crore.
• Approve issuances in one or more tranches via private placement, QIP.
• Approve material related party transactions.
• Redesignate Balkrishan Goenka as Non-Executive Chairman; remuneration approved.
• Re-appoint Sandeep Garg as Managing Director; remuneration approved.
• Grant ESOPs to Deepak Chauhan.
• Revise remuneration of Independent Directors.
• Provide additional remuneration to Independent Directors for FY2025-26.

Dividend

• Final dividend of ₹3 per share approved.

Directors & Officers

• Rajesh Mandawewala reappointed as director through rotation.
• Balkrishan Goenka redesignated as Non-Executive Chairman; remuneration approved.
• Sandeep Garg re-appointed as Managing Director; remuneration approved.

Auditors

• Remuneration payable to Statutory Auditors for FY2026-27.
• Remuneration payable to Cost Auditors for FY2026-27.
• Remuneration payable to Secretarial Auditors for FY2026-27.

Related Party Transactions

• Material related party transactions approved.

Financial Performance

• Consolidated revenue ₹774 crores in Q1 FY27; water 41%, transport 35%, tunneling 24%.
• EBITDA margin 22.9% in Q1 FY27, above 18%+ guidance.
• PAT from continuing operations ₹90 crores; discontinued loss ₹34 crores; reported PAT ₹56 crores.
• Net worth ₹3,324 crores as of 30 June 2026.
• Consolidated order book over ₹18,700 crores as of June 30, 2026.
• Cash and cash equivalents near ₹1,800 crores.
• Aunta-Simaria divestment: enterprise value ~₹1,000 crores; completion in Q2 FY27.
• Divestment expected to reduce debt by around ₹800 crores.

Operating Update

• Dharavi-Ghatkopar Tunnel approvals completed by end-June; shaft excavation at 10 meters after piling.
• Pune-Shirur sub-concession agreement executed; Bhumi Puja; appointed date targeted in Q3 FY27.
• WMEL Q1 FY27 revenue ₹179 crores; EBITDA margin 21.3%.
• WMEL order book ₹2,135 crores; diversified across tunnels, pumping stations, rehabilitation.
• Dharavi tunnel: court clearance June 22; three TBM projects; Mumbai Storm Water Drain rehab 15.5 km.
• Treatment plant WMEL project 70% complete; commissioning by July 2027; 15-year O&M after.
• Digitalization: e-office rollout; S2P go-live in Q3 FY27; AI use cases in QA, safety, logistics.

Water and WMEL

• Dharavi 418 MLD wastewater facility; Bhandup 2000 MLD WTP; Panjrapur 910 MLD WTP updates.
• O&M on completed schemes; Mumbai WTP projects; civil contractor mobilized.

Transportation and Digitalization

• Varanasi-Aurangabad road: provisional completion certificate soon.
• Sattanathapuram-Nagapattinam road: PCC targeted in Q3 FY27.
• e-office rollout and unified architecture; S2P live in Q3 FY27; AI use cases developing.

Oil & Gas Update

• FDP for MB-OSN-2005/2 submitted; DGH/MoPNG approval expected in 4–6 weeks.
• Post-approval, production expected in about two years; focus on developing the field.
• Government focus on oil and gas; gas evacuation via ONGC platform; FDP decision critical.
• If FDP approved, plan to develop and produce; final direction post-approval.

Outlook and Guidance

• FY27 growth target of 15% to 20% on an annualized basis; near-term volatility possible.
• Actual growth expected closer to 15%; approvals in place; external factors remain key.
• FY27 revenue recognition around ₹500 crores for Pune-Shirur project.
• FY27 order inflows expected to be ₹8,000–₹10,000 crores.
• Divestment of Aunta-Simaria to be completed in Q2 FY27; further details to follow.