Summary of Key Information:
Reporting Period (Quarter/Year): Not Specified
Nature of Filing / Announcement: Outcome of Board Meeting
Date of Board Meeting / Approval: July 24, 2026 (commenced at 5:30 PM, approved at 6:30 PM)
Audit Opinion: Not Specified
Auditor's Comment: Not Specified
Key Financial Highlights:
Standalone Results: Not Specified
Consolidated Results: Not Specified
Corporate Actions:
- Approved transfer of 51% stake in Welspun Captive Power Generation Limited (WCPGL) to Welspun Corp Limited (WCL)
- Stake comprises 1,50,64,213 equity shares of face value ₹10 each
- Consideration: ₹67.66 Crores (Rupees Sixty-Seven Crore and Sixty-Six Lakhs Only)
- Expected completion date: August 31, 2026
- Transaction requires statutory, regulatory, and other approvals
- Upon completion, WCPGL will cease to be a Subsidiary and become an Associate Company
Other Significant Information:
WCPGL Financial Details (Annexure I):
- Total Income: ₹123.28 Crore
- Turnover: ₹109.95 Crore
- Revenue: ₹109.95 Crore
- Net Worth: ₹196.00 Crore
- Percentage contribution to Company: 1.30% (Total Income), 1.17% (Turnover/Revenue), 4.11% (Net Worth)
- Company currently holds 77% equity stake in WCPGL
Capital Expenditure Approval:
- Approved ₹121 Crore for De-bottlenecking & Modernisation Project at Anjar facility
- Purpose: Replacing old technology with new and advanced technology
- Objective: Meet market demands and better utilisation of plants
Strategic Rationale:
- WCPGL stake transfer is part of Company's strategic initiative towards increasing use of renewable and green energy
- Transmission line connecting group captive power plant became operational (as intimated on March 19, 2026), enabling receipt of renewable energy from the facility