Welspun Corp Limited has announced the grant of 86,717 stock options to eligible employees under its Employee Benefit Scheme 2022. The decision was approved by the company's Nomination and Remuneration Committee during its meeting held on March 25, 2026.

Stock Option Grant Details

The comprehensive details of the stock option grant are structured as follows:

Vesting and Exercise Structure

The stock options follow a structured vesting schedule designed to promote employee retention:

Vesting Schedule

• Total Vesting Period: 3 years
• First Year: 30% of granted options
• Second Year: 35% of granted options
• Third Year: 35% of granted options
• First Vesting Date: One year from the grant date

Exercise Terms

Employees can exercise their vested options within one year from each respective vesting date, providing flexibility in timing their equity participation.

Regulatory Compliance

The Employee Benefit Scheme 2022 operates in full compliance with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The scheme is implemented through the Welspun Corp Employees Welfare Trust, ensuring proper governance and administration of the employee stock option program.

This stock option grant represents Welspun Corp Limited's continued commitment to employee motivation and retention through equity participation, aligning employee interests with long-term company performance.

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.