Welspun Living extinguishes 1.44 crore equity shares

Welspun Living has extinguished 1,44,00,000 fully paid-up equity shares pursuant to its buyback offer, reducing the company's issued, subscribed, and fully paid-up share capital to 94,47,52,514 equity shares. The extinguishment was completed on June 17, 2026, for shares bought back at a price of ₹175 per share. The Buyback Committee approved the extinguishment in a meeting held on June 12, 2026, ensuring compliance with the Securities and Exchange Board of India (Buy-back of Securities) Regulations, 2018 and the Companies Act, 2013.

The buyback offer, executed through the Tender Offer route, was open for tendering from May 29, 2026, to June 4, 2026. MUFG Intime India Private Limited acted as the Registrar to the Buyback, while JMJA & Associates LLP served as the Secretarial Auditor. National Securities Depository Limited confirmed the extinguishment of 1,44,00,000 equity shares in dematerialized form on June 17, 2026. No shares were extinguished in physical form.

Capital Structure Changes

The reconciliation of the share capital confirms the reduction in equity shares. The issued capital before extinguishment stood at 95,91,52,514 shares, which has now been adjusted to 94,47,52,514 shares.

Particulars	No. of Equity Shares	Equity Share Capital (₹)
Issued Capital Before Extinguishment	95,91,52,514	95,91,52,514
Equity Shares Extinguished	1,44,00,000	1,44,00,000
Issued Capital (Post Extinguishment)	94,47,52,514	94,47,52,514

Shareholding Pattern

The post-buyback shareholding pattern indicates a shift in ownership. Promoters and Persons Acting in Concert (PAC) hold 66.36% of the equity share capital, while Foreign Investors hold 34.64%. The pre-buyback figures showed Promoters and PAC holding 66.24% and Foreign Investors holding 5.52%.

Category	Pre Buy-back Shares	Pre Buy-back %	Post Buy-back Shares	Post Buy-back %
Promoters and PAC	63,53,49,495	66.24	62,69,39,496	66.36
Foreign Investors	5,29,52,352	5.52	31,78,13,018	34.64
Total	95,91,52,514	100.00	94,47,52,514	100.00

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+1.15%	+2.98%	+15.77%	+38.42%	+20.92%	+34.02%

Welspun Living has announced that its subsidiary, Welspun USA Inc., has fully commenced commercial production at its pillow manufacturing unit in Nevada, USA, effective June 15, 2026, as per the USA Pacific Time zone. The facility, backed by an investment of $13 million, marks the completion of the plant's ramp-up phase and expands the company's product category in the home textiles segment in the USA. With full operations now underway, the Nevada unit is expected to generate a revenue potential of $60 million in FY27, contributing approximately 7% to Welspun Living's overall operations.

Nevada Facility: Key Production Details

The Nevada unit represents a significant step in Welspun Living's domestic manufacturing presence in the US market. The following table outlines the key parameters of this development:

Parameter	Details
Facility Location	Nevada, United States
Product Type	Pillow Manufacturing
Total Investment	$13 million
Partial Production Start	March 31, 2026
Full Production Start	June 15, 2026
Production Status	Full Commercial Production Commenced
FY27 Revenue Potential	$60 million
Contribution to Overall Operations	~7%

Operational Milestone and Financial Outlook

The transition to full commercial production follows the commencement of partial operations on March 31, 2026. The $13 million capital expenditure, approved by the Board of Directors on July 30, 2025, reflects the scale of infrastructure and equipment deployed at the site to support pillow manufacturing operations. The Nevada unit's projected FY27 revenue potential of $60 million underscores its strategic importance to Welspun Living's US market expansion, with the facility expected to add around 7% to the company's overall revenue base. The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.