Welspun Living Seeks Shareholder Approval for Keyur Parekh Appointment

Item No. 1: Approval of Appointment of Mr. Keyur Parekh (DIN: 10777907) as Whole-time Director

Proposed as an Ordinary Resolution through postal ballot by electronic voting (e-voting)
Mr. Keyur Parekh was appointed as Additional Director by the Board of Directors with effect from June 01, 2026
Seeking appointment as Whole-time Director for a period of 5 years from June 01, 2026, to May 31, 2031
Designated as Key Managerial Personnel under Section 203 of the Companies Act, 2013

Fixed remuneration: ₹3,37,87,500 per annum
Variable remuneration: ₹1,12,62,500 per annum
Total annual remuneration: ₹4,50,50,000
Eligible for gratuity as per statutory regulations
Eligible for perquisites, allowances, and ESOPs/LTIPs as per company policy
Annual revision of up to 15% subject to Nomination and Remuneration Committee recommendation and Board approval
Minimum remuneration payable in absence or inadequacy of profits as per Companies Act, 2013 and Schedule V

Joined Welspun Group on February 16, 2009
Currently serving as CEO of Global Business at Welspun Living Limited
28 years of professional experience, including 17+ years with Welspun Group
Postgraduate degree in Business Management, Executive Leadership Program from IIM Bangalore
Design Thinking certification from Massachusetts Institute of Technology (MIT), USA
Also serves as Director at Welspun USA and Welspun Global Brands Limited
Holds 48,193 equity shares of the company as beneficial owner
Not related to any other directors or key managerial personnel

Cut-off date for eligibility: Thursday, July 23, 2026
Dispatch completion date: Monday, July 27, 2026 (through email to eligible members)
E-voting commencement: Tuesday, July 28, 2026, at 9:00 AM IST
E-voting end: Wednesday, August 26, 2026, at 5:00 PM IST
Result declaration: On or before Friday, August 28, 2026
Scrutinizer appointed: M/s. MNB & Co. LLP, Practicing Company Secretary firm
Results will be published in newspapers and on company website

The Postal Ballot Notice is available on:

Company website: https://www.welspunliving.com/uploads/investordata/investorreport8987.pdf
BSE Limited website: www.bseindia.com
National Stock Exchange of India Limited website: www.nseindia.com
NSDL website: www.evoting.nsdl.com

Notice sent only through electronic mode to members with registered email addresses
Members without registered email addresses must update details with depository participants or company RTA
Physical shareholders must provide KYC details including PAN, contact details, bank account details, and specimen signature for dividend payments

Detailed e-voting instructions provided for:

Individual shareholders holding securities in demat mode with NSDL and CDSL
Shareholders other than individuals holding securities in demat mode
Shareholders holding securities in physical mode
Institutional shareholders required to submit Board Resolution/Authority letter to scrutinizer

#Tags: #WelspunLiving #ManagementAppointment #SEBIDisclosure #RegulatoryCompliance #CorporateGovernance #Neutral