Meeting Details

The 41st Annual General Meeting (AGM) of Welspun Living Limited was held on Thursday, September 24, 2026, at 4:00 p.m. IST through Video Conferencing (VC) / Other Audio-Visual Means (OAVM). The meeting was conducted in accordance with the provisions of the Companies Act, 2013, and circulars issued by the Ministry of Corporate Affairs (MCA) and SEBI.

Proposed Resolutions and Implications

The following business items were transacted at the meeting and passed with requisite majority:

Ordinary Business

1. Adoption of the financial statements of the Company on standalone and consolidated basis for the financial year ended March 31, 2026 together with the Auditors' Report and the Directors' Report thereon (Ordinary Resolution)

2. Approval of declaration of Dividend for the financial year ended March 31, 2026 @ 10% i.e. Re. 0.10 per equity share (Ordinary Resolution)

3. Approval for re-appointment of Mr. Rajesh Mandawewala (DIN:00007179), who retired by rotation and offered himself for re-appointment (Ordinary Resolution)

Special Business

4. Approval for Ratification of Remuneration payable to M/s. Kiran J. Mehta & Co., Cost Accountants (Firm Registration No. 000025) as Cost Auditors of the Company for the financial year 2026-27 (Ordinary Resolution)

5. Approval for the payment of remuneration by way of commission to Mr. Balkrishan Goenka, Non-Executive Chairman (Special Resolution)

6. Approval of Payment of Commission to the Independent Directors (Special Resolution)

7. Approval of Material Related Party Transaction(s) of the Company with Welspun Global Brands Limited (Ordinary Resolution)

8. Approval of Material Related Party Transaction(s) between Welspun Global Brands Limited and Welspun USA, Inc. (Ordinary Resolution)

Voting Process and Methods

The facility to vote by remote e-voting commenced at 09:00 a.m. on Saturday, September 19, 2026 and ended at 05:00 p.m. on Wednesday, September 23, 2026. Members who could not vote by remote e-voting were able to cast their votes electronically during the meeting, which closed 15 minutes after the conclusion of the meeting.

Scrutinizer's Role

Ms. Maithili Nandedkar, Partner of MNB & Co. LLP, Practicing Company Secretaries, was appointed as the Scrutinizer to scrutinize the remote e-voting process.

Compliance and Filings

The e-voting results along with the Scrutinizer's Report will be submitted to the stock exchanges within two working days from conclusion of the AGM (on or before September 28, 2026) in compliance with Regulation 44(3) of the SEBI LODR Regulations. The results will be placed on the company website (www.welspunliving.com), at the registered office, corporate office, and on the website of National Securities Depository Limited.

Attendance and Participation

Total of 75 members attended the AGM through Video Conferencing/Other Audio-Visual Means. The following directors and officials were present:

  • Mr. Balkrishan Goenka (Chairman, Non-Executive Director & Promoter)
  • Ms. Dipali Goenka (Managing Director & CEO, Promoter)
  • Mr. Rajesh Mandawewala (Executive Vice Chairman & Promoter)
  • Mr. Murali Sivaraman (Lead Independent Director)
  • Mr. Sunil Duggal (Independent Director)
  • Dr. Ritu Anand (Independent Director)
  • Ms. Naiyya Saggi (Independent Director)
  • Mr. Keyur Parekh (Whole-time Director)
  • Mr. Manish Bansal (Chief Financial Officer)
  • Ms. Shraddha Popat (Company Secretary & Compliance Officer)
  • Ms. Maithili Nandedkar (Scrutinizer)
  • Mr. Jigar Shah (Secretarial Auditors)
  • Mr. Jai Prakash Yadav (Statutory Auditor)

Additional Proceedings

The Company Secretary confirmed that the Annual Report & Notice of 41st AGM had been circulated via email and physical copies dispatched to shareholders who requested them. There were no qualifications, observations or adverse remarks in the Statutory Auditors Report or Secretarial Audit Report. A Q&A session was conducted where Ms. Dipali Goenka answered queries from members who had registered to speak and questions received via email.

The meeting concluded at 5:00 P.M. IST after being open for 15 minutes for e-voting to be completed.