Welspun Living Ltd

Dematerialisation processing

• Dematerialisation requests for the quarter were confirmed to depositories (accepted/rejected).
• Dematerialised securities have been listed on the exchanges where earlier securities are listed.
• Physical dematerialisation certificates were mutilated and cancelled; depository name substituted as registered owner within timeline.

Welspun Living Ltd — Trading Window Closure from September 30, 2026 until 48 hours after the date of Board Meeting to consider unaudited financial results for the quarter and half year ended September 30, 2026

AGM Details

• AGM held on September 24, 2026 at 4:00 PM IST via VC/OAVM.
• Record date for entitlement was 17 September 2026.

Resolutions & Outcomes

• Res 1: Adoption of audited standalone and consolidated financial statements; passed.
• Res 2: Dividend of Rs 0.10 per share approved.
• Res 3: Director Rajesh Mandawewala retires by rotation and is re-appointed.
• Res 4: Ratification of remuneration payable to Cost Auditors approved.
• Res 5: Remuneration by commission to Non-Executive Chairman approved.
• Res 6: Remuneration to Independent Directors approved.
• Res 7: Material related party transaction with Welspun Global Brands Limited approved.
• Res 8: Material related party transaction with Welspun USA, Inc. approved.

Dividend

• Dividend of Rs 0.10 per share approved for 2025-26.

Director Changes

• Rajesh Mandawewala retires by rotation; eligible for re-appointment.

Auditors

• Remuneration for Cost Auditors ratified.

Related Party Transactions

• Material RPT with Welspun Global Brands Limited approved.
• Material RPT with Welspun USA, Inc. approved.

AGM Details

• 41st AGM held Sep 24, 2026 at 4:00 pm IST via VC/OAVM.

Key Resolutions

• Adoption of standalone and consolidated financial statements approved (Ordinary).
• Re-appointment of Rajesh Mandawewala by rotation approved (Ordinary).
• Cost Auditors remuneration ratified for 2026-27 (Ordinary).
• Commission to Non-Executive Chairman approved (Special).
• Commission to Independent Directors approved (Special).
• Material related party transactions with Welspun Global Brands Limited approved (Ordinary).
• Material related party transactions with Welspun USA, Inc. approved (Ordinary).

Dividend

• Dividend for FY ended 31 March 2026 approved at 10% (Re 0.10 per share).

Related Party Transactions

• Approval of related party transaction with Welspun Global Brands Limited approved.
• Approval of related party transactions between Welspun Global Brands Limited and Welspun USA, Inc. approved.

Auditors

• Cost Auditors remuneration ratified for 2026-27.

Meeting Details

• Sep 28, 2026, Virtual: Bharat Connect Conference; Group Meetings.
• Sep 29, 2026, Physical: PL Capital Mid & Small Cap Conference 2026; One-on-One and Group Meetings.
• Purpose: Analyst/institutional investor interactions.

Rating action details

• Rating agency: India Ratings and Research Private Limited (Fitch Group).
• Instrument: RBI-regulated bank loan facilities of INR 9,000 million.
• Rating action: Upgraded to IND AA+/Stable and IN DA1+ (short-term).
• Debt instrument listing status: Not listed.
• Issuer relation: Welspun Global Brands Limited is a material subsidiary of Welspun Living Limited.

BRSR submission and assurance

• BRSR for FY2025-26 submitted; forms part of annual report.
• Independent Assurance by BDO India on non-financial Core indicators completed.
• Scope: standalone operations for 1 April 2025 to 31 March 2026.
• BRSR and assurance available on Welspun Living website; enclosed with filing.
• Biomass energy use reduces emissions; sludge from ETP reused as boiler fuel.
• Assurance report dated 1 July 2026.

Key highlights

• Consolidated total income ₹9,467.91 crore (FY26).
• EBITDA ₹862.01 crore; EBITDA margin 9.10% (FY26).
• Net profit after tax ₹204.44 crore; EPS ₹2.14 (FY26).
• Net debt ₹1,100.31 crore; gearing 0.27x.
• Buyback ₹252 crore; 1.44 crore shares at ₹175; record date 22 May 2026.
• Non-US revenue share 41% of total; US share 59%.
• Final dividend ₹0.10 per equity share; payout ₹9.59 crore (FY25-26).
• Top ten customers account for 65.10% of revenue.
• ESG CSA score 90.

Acquisition overview

• Target: Clean Max Dhyuthi Private Limited, solar and renewable energy generation under a captive model.
• Proposed stake: 26% for Rs 760 lakhs from promoter group Welspun Corp Limited.
• Proposed completion by August 31, 2026; later cancelled.
• Related party: transaction with promoter group company Welspun Corp Limited.
• Nature of consideration: Rs 760 lakhs; form of payment not disclosed.
• Purpose/strategic rationale not disclosed; deal cancelled due to power demand/supply considerations.
• Industry: solar and renewable energy sector.
• Turnover/size: not disclosed.
• Regulatory approvals: not disclosed.
• Target background: CleanMax focuses on solar energy; incorporation date not disclosed.