Welspun Corp Limited has officially completed the acquisition of a 45% stake in Welspun Corporate Services Limited (WCSL) for ₹45,000 on March 25, 2026, making it an associate company. The completion was announced through a regulatory filing under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Official Completion of Strategic Acquisition

The company has successfully completed the purchase of 4,500 equity shares of Rs. 10 each in Welspun Corporate Services Limited, formerly known as Welspun Home Textiles Limited. This acquisition represents 45% of WCSL's total paid-up equity share capital and was originally approved by the board of directors during their meeting held on March 19, 2026.

The regulatory filing was signed by Company Secretary and Compliance Officer Kamal Rathi and submitted to both BSE Limited and National Stock Exchange of India Limited. Following this completed acquisition, WCSL has officially become an associate company of Welspun Corp Limited.

Centralized Corporate Services Platform

WCSL is positioned as a centralized corporate services platform for Welspun Group entities. The company provides integrated management and support services across multiple domains including human resources management, legal and regulatory compliance, taxation services, corporate restructuring, mergers and amalgamations, strategic advisory services, and other corporate support functions.

The completed acquisition supports the establishment and strengthening of WCSL as a centralized umbrella entity for delivering corporate services across the Welspun Group. This initiative is expected to streamline group-level functions, enhance governance, and improve operational efficiency.

Renewable Energy Payment Revision

The board also approved a significant modification to the renewable energy arrangement. The payment to Welspun Living Limited for securing transmission rights for renewable energy supply to the Anjar facility has been increased from the previously approved ₹35.00 crores to ₹75.00 crores.

Corporate Governance and Compliance

Welspun Corp Limited and other Welspun Group entities have entered into a joint shareholders' agreement with WCSL as planned. The company has clarified that this agreement does not impact the management and control of Welspun Corp Limited. The acquisition was executed on an arms' length basis as a related party transaction, given that WCSL is an entity within the promoter group.

WCSL was incorporated on June 6, 2024, with CIN U13999GJ2024PLC152274 and operates in the consultancy services industry. The completion follows all regulatory requirements under the SEBI Listing Regulations.

Welspun Corp Limited has completed an intragroup transaction involving the transfer of a 22% stake in East Pipes Integrated Company for Industry (EPIC) between its wholly owned subsidiaries. The transaction was executed on March 24, 2026, and represents an internal reorganization with no change in ultimate ownership.

Transaction Details

The transfer involved 69,30,000 equity shares of EPIC, moving from Welspun Mauritius Holdings Limited (WMHL) to Welspun Pipes Inc (WPI), both wholly owned subsidiaries of Welspun Corp. The transaction was completed on the Tadawul Stock Exchange, where EPIC shares are listed.

Company Background

EPIC operates in the manufacturing of pipes, tubes and hollow shapes from iron and steel, aligning with Welspun Corp's core business activities. The company was incorporated on July 4, 2010, and is based in the Kingdom of Saudi Arabia.

EPIC Financial Performance

Operational Impact

Following the completion of this transaction, EPIC transitions from being an associate company of WMHL to becoming an associate company of WPI. However, since both entities are wholly owned subsidiaries of Welspun Corp, the ultimate ownership structure remains unchanged.

The company has confirmed that this internal reorganization:

• Does not result in any change in ultimate ownership
• Is not expected to have any material impact on operations
• Will not affect the financial position of the company
• Is unlikely to impact profitability

Regulatory Compliance

The transaction was disclosed under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The transfer was conducted as a related party transaction on an arm's length basis, with both subsidiary boards approving the acquisition and sale respectively.

The transaction required no governmental or regulatory approvals and has been completed as announced. This internal restructuring reflects Welspun Corp's ongoing organizational optimization within its subsidiary structure while maintaining its strategic position in the pipes and steel manufacturing sector.