Welspun Corp will attend the IIFL Invest India Conference in London on June 23 and 24, 2026. Representatives from the company will engage with an investor group during the event. The company confirmed that no unpublished price sensitive information (UPSI) will be shared during the meeting.

The disclosure was made in accordance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The schedule for the meeting remains subject to potential changes due to exigencies on the part of the host or the company.

Meeting Details

Welspun Corp Limited's wholly owned subsidiary, Welspun Mauritius Holdings Limited, has divested a 4.5% equity stake in East Pipes Integrated Company for Industry (EPIC). The transaction was executed on 9 June 2026 through a series of negotiated trades on the Tadawul Stock Exchange in the Kingdom of Saudi Arabia (KSA). The aggregate consideration for the sale amounted to SAR 283.46 million, approximately US$ 75.59 million.

Consequent to this divestment, Welspun Pipes Inc., USA, a wholly owned subsidiary of Welspun Corp, will continue to hold a 22% equity stake in EPIC. The disclosure follows a previous intimation dated 24 March 2026 regarding the potential stake sale. The transaction does not fall under related party transactions and was conducted at arm's length.

Financials of East Pipes Integrated Company

The financial performance of EPIC for the period ending 31 March 2026 was disclosed in the regulatory filing. The company reported a total income of SAR 2,298 million and a profit before tax of SAR 621 million. The net worth of the entity stood at SAR 1,564 million as of the same date.

The sale was conducted in favour of identified financial investors. As EPIC is a listed entity, a specific agreement for sale was not applicable for the transaction executed on the stock exchange. The completion of the sale was finalized on 9 June 2026.