Welspun Living Limited has announced a senior management personnel change, with the resignation of Mr. Vikram Bector, Director - Group Human Capital & General Affairs, effective December 31, 2025. The disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Resignation Details

The company received Mr. Bector's resignation letter, which cited personal reasons for his departure. The resignation will take effect from the close of business hours on December 31, 2025, providing the organization with time to ensure a smooth transition of responsibilities.

Regulatory Compliance

Welspun Living has fulfilled its disclosure obligations under the SEBI Listing Regulations by promptly informing stakeholders of this senior management change. The company provided all required details as mandated by the regulatory framework, ensuring transparency in corporate governance practices.

Transition Arrangements

In his resignation communication, Mr. Bector confirmed his commitment to facilitating a smooth handover process. He indicated that all work responsibilities would be transitioned to the designated successor, ensuring continuity in the company's human capital and general affairs functions. The company has adequate time to implement succession planning and maintain operational efficiency during this transition period.

Avendus Securities has initiated research coverage on Welspun Living with a reduce rating, setting a price target of Rs 135.00 per share for the textile company.

Analyst Recommendation

The brokerage firm's reduce rating indicates a cautious stance on the stock's near-term performance prospects. Avendus has established Rs 135.00 as the target price for Welspun Living shares.

The initiation of coverage by Avendus Securities provides investors with additional research perspective on Welspun Living's stock. The reduce recommendation suggests the brokerage expects the stock to underperform relative to the broader market or sector peers.