Welspun Enterprises confirms no deviation in utilization of Rs 1,000 crore raised through October 2025 preferential issue of convertible warrants.
Funds allocated for Pune-Shirur highway project (Rs 750 crore) and general corporate purposes (Rs 250 crore) remain as planned.
Company received only 25% (Rs 250 crore) of total issue size as upfront payment, with balance payable upon warrant conversion within 18 months.
Audit Committee and Board reviewed and approved the deviation statement at their May 14, 2026 meetings.