Welspun Pune Shirur Projects Limited, a wholly owned subsidiary of Welspun Enterprises , has signed a sub-concession agreement with Maharashtra State Infrastructure Development Corporation Limited and the Government of Maharashtra for a highway project valued at approximately ₹7,300 crore. The agreement, executed on July 13, 2026, pertains to the construction of a 6-lane partially elevated highway corridor along with the improvement of the existing road from Km 10+600 to Km 64+000 on the Pune to Shirur section of NH-753F in Maharashtra. The project has a minimum design length of 53.40 km and will be undertaken on a Design, Build, Finance, Operate and Transfer (DBFOT) toll mode.

The total sub-concession period for the project is 29 years, subject to extension as per the terms of the agreement. This duration includes a construction period of 4 years commencing from the Appointed Date. The development is significant given the scale of investment and the infrastructure enhancement it brings to the state's road network.

Project Details

The following table outlines the key specifications of the Pune-Shirur highway project:

Regulatory Compliance

The disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The trading window for dealing in the securities of Welspun Enterprises by Designated Persons involved in the project has been closed since July 01, 2026, and is scheduled to re-open 48 hours after the declaration of the unaudited financial results for the quarter ended June 30, 2026.

Welspun Enterprises has accepted the resignation of Mr. Hardik Dhebar as the Head Finance & Investor Relations and Chief Financial Officer of its material subsidiary, Welspun Michigan Engineers Limited (WMEL). The resignation is effective July 08, 2026, and Mr. Dhebar will be relieved from his services at the close of business hours on August 14, 2026. The management changes are part of an organizational realignment aimed at strengthening the company's independent business verticals.

In a disclosure to the exchanges, the company stated that the Board approved the changes based on the recommendation of the Nomination & Remuneration Committee. Mr. Sandeep Garg, Managing Director of Welspun Enterprises, will assume interim leadership of the company’s Water vertical operations in addition to his existing roles. Mr. Saurin Patel, currently the Head of the Integrated Water Vertical and Managing Director of WMEL, will continue as the Managing Director of WMEL. He will focus on developing WMEL as a product and technology-led water solutions company.

The transition follows Mr. Dhebar's decision to pursue professional opportunities outside the Welspun Group, aligned with his long-term career objectives. In his resignation letter dated June 17, 2026, he committed to ensuring a smooth transition of his responsibilities during the notice period. The company will complete all applicable statutory and regulatory filings related to the change.

The following table summarizes the key management changes and their effective dates:

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The information has also been uploaded to the company’s website.