Welspun Enterprises Limited has reconstituted its Disclosure Committee in accordance with regulatory requirements under the SEBI (Prohibition of Insider Trading) Regulations, 2015. The company announced this development through an official communication to stock exchanges on February 04, 2026.

Regulatory Compliance and Board Approval

The Board of Directors approved the reconstitution during their meeting held on February 04, 2026. This action aligns with Regulation 8(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015, which mandates companies to maintain proper disclosure mechanisms for unpublished price sensitive information.

The reconstituted committee operates under the company's Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information, with the primary responsibility of determining the materiality of events or information that may impact the company's stock price.

Committee Composition

The Disclosure Committee, effective from February 04, 2026, comprises the following positions:

Disclosure and Transparency

The company has made this information publicly available on its official website at www.welspunenterprises.com , ensuring transparency and accessibility for stakeholders. The communication was formally submitted to both BSE Limited and National Stock Exchange of India Limited, where the company's shares are listed under scrip code 532553 and symbol WELENT respectively.

This reconstitution represents part of Welspun Enterprises' ongoing commitment to maintaining robust corporate governance standards and regulatory compliance in its disclosure practices.

Welspun Enterprises Limited has submitted its monitoring agency report for the quarter ended December 31, 2025, in compliance with SEBI regulations regarding the utilization of proceeds from its preferential issue of convertible warrants. The report, prepared by CRISIL Ratings Limited as the monitoring agency, was considered and approved by the company's Audit Committee and Board of Directors at their respective meetings held on February 04, 2026.

Issue Details and Current Status

The preferential issue comprises convertible warrants with a total value of Rs 1,000.00 crore. During the issue period from November 26, 2025 to December 01, 2025, the company received 25% of the warrant issue price, amounting to Rs 250.00 crore. The remaining Rs 750.00 crore is yet to be received from warrant holders, who retain the option to convert their warrants into equity shares within 18 months from the date of allotment.

Utilization of Proceeds

The monitoring agency report indicates no utilization of issue proceeds during the quarter ended December 31, 2025. The funds are earmarked for two primary objectives: Rs 750.00 crore for infusion into the construction of a 6-lane partially elevated highway corridor from Pune to Shirur (NH-753F) in Maharashtra under DFBOT (Toll) mode with a 29-year concession period, and Rs 250.00 crore for general corporate purposes.

Deployment of Unutilized Funds

The company has invested the received proceeds of Rs 250.00 crore in various mutual funds to optimize returns while maintaining liquidity. These investments generated total earnings of Rs 1.09 crore during the quarter, bringing the total value to Rs 251.09 crore as of December 31, 2025.

Regulatory Compliance and Monitoring

The monitoring agency report confirms no deviations from the disclosed objects of the issue and no material changes in the means of finance. CRISIL Ratings Limited, serving as the monitoring agency under the agreement dated November 26, 2025, has certified that the unutilized proceeds are appropriately deployed in mutual funds as disclosed in the notice to shareholders. The report also confirms that the amount allocated for general corporate purposes does not exceed the permissible limit of 25% of the total issue proceeds.

Corporate Governance

The report was signed by Shounak Chakravarty, Director, Ratings (LCG) at CRISIL Ratings Limited, and submitted to the company on February 04, 2026. Nidhi Tanna, Company Secretary (ACS-30465), facilitated the submission to BSE Limited and National Stock Exchange of India Limited on behalf of Welspun Enterprises Limited. The report is also available on the company's website at www.welspunenterprises.com for stakeholder access and transparency.