Welspun Living , a prominent player in the textile industry, has announced significant changes in its senior management structure. The company, formerly known as Welspun India Limited, is adapting to new challenges and opportunities in the digital landscape.

Chief Financial Officer Resigns

Welspun Living Limited has announced that Sanjay Gupta, the company's Chief Financial Officer, has resigned from his position, citing personal reasons. The resignation will be effective from the close of business hours on October 15, 2025. This change in key management personnel was disclosed through a regulatory filing.

Elevation in IT Leadership

In a strategic move, Welspun Living has elevated Subramanyam Gupta G.V. to the position of Head of the Information Technology Department. This promotion comes as part of the company's efforts to strengthen its digital and IT infrastructure. Gupta, who will now be considered senior management personnel, will report directly to Dipali Goenka, the Managing Director & CEO of Welspun Living.

Subramanyam Gupta's Profile

Subramanyam Gupta brings a wealth of experience to his new role:

• Educational Background: Holds a Master's degree in Computer Applications (MCA) and a Post Graduate Diploma in Computer Applications (PGDCA).
• Tenure at Welspun: Associated with the company since 2018, serving as Vice President – Information Technology.
• Industry Experience: Over three decades of experience in Information Technology.
• Previous Roles: Worked with reputed organizations including HIL Limited, Indu Group, IFB Automotive, Greaves Cotton Limited, Amara Raja Batteries, and Eicher Tractors.

Gupta has been instrumental in strengthening Welspun Living's digital and IT infrastructure and has contributed significantly to various transformation initiatives within the company.

Employee Stock Option Plan

Amidst these management changes, Welspun Living has also approved a significant employee stock option plan. The company's Nomination and Remuneration Committee approved the grant of 450,000 stock options under the Welspun Living Employee Benefit Scheme – 2022. These options, representing an equal number of equity shares with a face value of Re. 1 each, have been priced at an exercise price of Rs. 100.00 per option.

The stock options will vest over four years in four equal installments of 25% each. Once vested, the options can be exercised within a period of four years from their respective vesting dates.

These management changes and the implementation of the employee stock option plan reflect Welspun Living's ongoing efforts to adapt to market dynamics, strengthen its leadership team, and align employee interests with the company's long-term growth objectives.

Welspun Living Ltd. (WLL), a global leader in home textiles and part of the US$ 3.6 billion Welspun Group, reported a significant decline in its quarterly results amidst challenging global trade conditions. The company also announced plans for expansion in the United States.

Financial Performance

For the first quarter:

• Total income decreased by 11.6% to ₹2,289.00 crore, compared to the same period last year.
• EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) fell 35.4% to ₹254.00 crore, with margins at 11.1%.
• Net profit after minorities dropped 52.8% to ₹88.00 crore.

Segment Performance

• Home Textile segment revenue declined by 11.1% to ₹2,123.00 crore.
• Flooring segment revenue decreased by 15.1% to ₹194.00 crore.

US Expansion Plans

In a strategic move to strengthen its presence in the US market, Welspun Living announced:

• A capital expenditure of US $13 million for setting up a pillow manufacturing unit in Nevada, USA.
• The new facility will be operated by its subsidiary, Welspun USA Inc.
• Annual manufacturing capacity of 10.80 million pillows.
• Expected to be operational by January 2026.
• Projected additional revenue of approximately US $50 million at full capacity utilization.
• The project will be financed with 70% through term loans and 30% by the company.

Other Highlights

• Domestic Consumer Business grew by 9.5% year-over-year.
• Net Debt improved to ₹1,401.00 crore from ₹1,562.00 crore in the previous year.
• The company attributed the revenue decline to tariff overhang and global trade uncertainties.

Despite the challenging quarter, Welspun Living continues to focus on innovation, scaling emerging categories, and expanding its global footprint. The company remains optimistic about leading the next phase of growth through focused execution and customer-centricity.