Welspun Corp Limited ('WCL') has submitted a regulatory disclosure under Regulation 30 of SEBI Listing Regulations and SEBI Master Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30th January, 2026 regarding the incorporation of a new step-down wholly owned subsidiary.
Business Operations
The proposed company will engage in the business of applying, providing, executing and undertaking all types of coating works including polyolefin, polymers, fusion bonded epoxy, internal fusion bonded epoxy, epoxy, polyurethane, polyethylene, polypropylene, coal tar, blasting, painting, anti-corrosive, anti-rust, abrasion-resistant, heat-resistant and other protective or functional coatings for pipes and metallic structures.
Corporate Structure
Upon incorporation, Welspun Special Coating Private Limited will become a step-down wholly owned subsidiary of Welspun Corp Limited, with 100% ownership held by Welspun DI Pipes Limited.
Regulatory Approvals
The incorporation is subject to approval from the Ministry of Corporate Affairs. No other governmental or regulatory approvals are mentioned as required.
Financial Considerations
Subscription of shares in the proposed company will be by way of cash consideration. The specific cost of subscription or price at which shares will be subscribed has not been disclosed in this filing, with the company stating that necessary updates will be provided once the proposed company is incorporated.
Shareholding Pattern
Welspun DI Pipes Limited will hold 100% of the shareholding in the proposed company post-incorporation.
Additional Details
The country of incorporation will be India. The exact date of incorporation and specific financial details regarding the investment amount will be communicated in subsequent filings after the incorporation process is completed.