Welspun Living Limited shareholders approved the declaration of a dividend of Re. 0.10 per equity share for the financial year ended March 31, 2026, during the company's 41st Annual General Meeting (AGM).

The meeting was held on September 24, 2026, via Video Conferencing and Other Audio-Visual Means. A total of 75 members attended the virtual session to transact on ordinary and special business items outlined in the notice dated August 13, 2026.

Key resolutions passed

The Chairman, Balkrishan Goenka, opened the proceedings after confirming the requisite quorum. The Company Secretary, Shraddha Popat, confirmed that no qualifications or adverse remarks were noted in the Statutory Auditors' Report or Secretarial Audit Report for the period.

The following resolutions were passed with the requisite majority:

Board attendance and governance

All directors attended the meeting virtually. The board composition present included:

• Balkrishan Goenka: Chairman, Non-Executive Director & Promoter
• Dipali Goenka: Managing Director & CEO, Promoter
• Rajesh Mandawewala: Executive Vice Chairman & Promoter
• Murali Sivaraman: Lead Independent Director
• Sunil Duggal: Independent Director
• Dr. Ritu Anand: Independent Director
• Naiyya Saggi: Independent Director
• Keyur Parekh: Whole-time Director

Managing Director and CEO Dipali Goenka addressed shareholder queries received during the session and via email. The Chairman authorized the Company Secretary to receive the Scrutinizer's report from Maithili Nandedkar of MNB & Co. LLP.

Voting and compliance timeline

Remote e-voting commenced on September 19, 2026, and concluded on September 23, 2026. Members who did not vote remotely were allowed to cast votes electronically for 15 minutes following the conclusion of the meeting.

In compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the e-voting results and Scrutinizer's Report are scheduled to be submitted to stock exchanges by September 28, 2026. These documents will also be available on the company's website and the National Securities Depository Limited portal.

Welspun Living promoter group, through Welspun Group Master Trust, disposed of 2.59% equity shares in the company on September 23, 2026, via a block deal on the stock exchanges.

The disclosure filed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, confirms the sale of 2,44,71,102 shares by Mr. Balkrishan Goenka, Trustee of the trust. This transaction reduces the promoter group's total holding from 66.36% to 63.77%.

Transaction details

The block deal involved a significant volume of shares changing hands during trading hours. The following table outlines the key parameters of the disposal:

Impact on promoter holding

Prior to this transaction, the Welspun Group Master Trust held 62,20,77,474 shares, representing 65.85% of the company's total share capital. Following the sale of 2.59%, the trust's holding stands at 59,76,06,372 shares, or 63.26%.

When accounting for other members of the Persons Acting in Concert (PAC) within the promoter group, including individual holdings by Dipali Goenka and Radhika Goenka, the total promoter and PAC holding has decreased as follows:

• Pre-transaction holding: 62,69,39,496 shares (66.36%)
• Post-transaction holding: 60,24,68,394 shares (63.77%)

The paid-up capital of the company remains unchanged at ₹94,47,52,514, consisting of 94,47,52,514 equity shares of ₹1 each. The authorized capital also remains constant at ₹4,17,78,56,070.

What the numbers show

The disposal represents a marginal reduction in promoter stake, with the group retaining a dominant majority position above 63%. The transaction size of approximately 2.44 crore shares indicates a structured exit rather than a distress sale, given the block deal mechanism typically used for large, negotiated trades. The slight dip in overall promoter interest to 63.77% keeps the group well within the minimum public shareholding requirements while allowing for liquidity realization.