Welspun Living Ltd.

₹ 175.00

Buy Back of Shares Inter alia, approved:- 1. has recommended Dividend of Re. 0.10 per equity share of the face value of Re. 1 each at the rate of 10% on the equity shares for the financial year 2025-26, subject to the approval of shareholders at the ensuing Annual General Meeting (?AGM?) of the Company. The Dividend will be paid to the shareholders who are holding equity shares of the Company as on record date i.e. Friday, July 10, 2026. 2. Approval of Buyback 1. In continuance to its intimation dated May 11, 2026, it is hereby informed that the Board of Directors of the Company at its meeting held on May 15, 2026, has approved buyback proposal for purchase of 1,44,00,000 (One Crore Forty Four Lakhs) fully paid equity shares of Re. 1 each (?Equity Share?) by the Company at a price of Rs. 175/- (Rupees One Hundred and Seventy Five Only) per Equity Share payable in cash (?Buyback Price?), for an aggregate amount of not exceeding Rs. 252 Crore (Rupees Two Hundred and Fifty Two Crore Only) (?Buyback Size?) (excluding expenses incurred or to be incurred for the Buyback like filing fees payable to the Securities and Exchange Board of India, advisor?s fees, public announcement publication expenses, printing, dispatch expenses, transaction costs viz. brokerage, applicable taxes such as buyback taxes, securities transaction tax, goods and service tax, stamp duty, etc.), representing 6.52% and 5.65% of the total paid-up equity share capital and free reserves (including securities premium) as per the latest audited standalone and consolidated financial statements of the Company, , respectively as on March 31, 2026 (hereinafter referred to as the ?Buyback?) from the shareholders of the Company as on a record date on a proportionate basis through the tender offer route in accordance and consonance with the provisions contained in the Companies Act, 2013 and the Securities and Exchange Board of India (Buy Back of Securities) Regulations, 2018 (?Buyback Regulations?) (including any statutory modification(s) or re-enactment of the Companies Act, 2013 or Buyback Regulation). The public announcement setting out the process, timelines and other statutory details will be released in due course in accordance with the Buyback Regulations. The Board has formed a Buyback Committee (the "Buyback Committee") and has delegated its powers to the Buyback Committee to do all such acts, deeds, matters and things as it may, in its absolute discretion, deem necessary, expedient, usual or proper in connection with the Buyback. Members of the promoter and promoter group of the Company have indicated their intention to participate in the proposed Buyback. 3. Record Date for Buyback: Pursuant to Regulation 42(2) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, it is further notified that the Company has fixed Friday, May 22, 2026 as the record date for the purpose of ascertaining the eligibility of shareholders for Buyback of Equity Shares. 4. DAM Capital Advisors Limited, a SEBI Registered Merchant Banker, has been appointed as the Manager to the Buyback. 5. Ms. Shraddha Popat, Company Secretary of the Company has been appointed as the Compliance Officer for the Buyback. D) Approved the acquisition of stake in CleanMax Dhyuthi Private Limited. The Board of Directors of the Company at its meeting held today approved acquisition of 48,599 (Forty Eight Thousand Five Hundred and Ninety Nine) equity shares of Rs. 10/- each of ?CleanMax Dhyuthi Private Limited? (?CDPL?) representing 26% of the total paid-up equity share capital of CDPL at a consideration of Rs. 760 Lakhs (Rupees Seven Sixty Lakhs), from Welspun Corp Limited (?WCL?), a promoter group company, subject to the Board approval by WCL. The acquisition of a stake in CDPL is intended to enhance the supply of renewable energy to the Company?s Vapi factory in Gujarat. CDPL operates a renewable energy project in Gujarat that will serve as a group captive unit for supplying renewable energy to the facility E) Noted / Approved the Change in Management. In terms of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, based on the recommendation of Nomination and Remuneration Committee, the Board of Directors, has: i. Noted the resignation of Mr. Altaf Jiwani holding DIN 05166241, as Whole-time Director & Chief Operating Officer of the Company, effective close of business hours on May 31, 2026 (The copy of the resignation letter of Mr. Altaf is attached herewith). ii. Approved the appointment of Mr. Keyur Parekh, holding DIN 10777907, as Whole-time Director of the Company effective June 01, 2026; Mr. Keyur shall be considered as Key Managerial Personnel of the Company in line with the provisions of Section 203 of the Companies Act, 2013 and Rules made thereunder, with effect from his date of appointment. F) Re-appointment Cost Auditor: The Board of Directors has approved the re-appointment of Cost Auditor, basis the recommendation of the Audit Committee: i. M/s. Kiran J. Mehta & Co., Cost Accountants, as the Cost Auditors, subject to the ratification of remuneration by the shareholders at the ensuing AGM