Date: August 31, 2026
Transaction Cancellation Update
Welspun Corp Limited has announced the cancellation of the previously disclosed proposed sale of 48,599 equity shares (representing 26% of total paid-up equity share capital) in Clean Max Dhyuthi Private Limited to Welspun Living Limited.
The transaction, which was approved by the Board of Directors on May 21, 2026, was valued at ₹760 lakhs (Rupees Seven Hundred and Sixty Lakhs only) and was originally scheduled for completion by August 31, 2026.
Reason for Cancellation
The cancellation resulted from a mutual agreement between Welspun Corp Limited and Welspun Living Limited due to current demand, supply, and availability of power at the relevant location. Clean Max Dhyuthi Private Limited is primarily engaged in the generation and supply of solar and renewable energy under a captive model.
Status
The proposed transaction will not be executed and stands cancelled as of August 31, 2026.