Welspun Corp’s board greenlit key initiatives, including acquiring 2,72,39,744 shares (4.11%) of Welspun Specialty Solutions, raising its stake to 55.17%. It approved the incorporation of two UAE-based subsidiaries, and the unaudited consolidated financial results for Q2 FY26. Revenue reached ₹4,408.66 crores, with a net profit of ₹443.51 crores. The positive decision sets the stage for strategic expansion and improved stakeholder value.
Strategic Acquisition Approved
The Board has officially approved the acquisition of 2,72,39,744 equity shares of Welspun Specialty Solutions Limited from the Promoter Group. Representing 4.11% of the company’s equity, this acquisition will increase Welspun Corp’s holding from 51.06% to 55.17%. The acquisition will be executed at a market price, complying with all applicable regulations.
Subsidiary Expansion into the UAE
The Board has also approved the incorporation of two new wholly-owned subsidiaries in the United Arab Emirates. These entities are aimed at strengthening the company’s global presence and strategic investment capabilities.
Financial Performance Highlights (Q2 FY26)
The Board reviewed and approved the unaudited consolidated financial results for Q2 FY26, demonstrating solid performance across key metrics:
- Revenue: ₹4,408.66 crores compared to ₹3,364.23 crores in Q2 FY25.
- Net Profit: ₹443.51 crores compared to ₹282.96 crores in Q2 FY25.
These results showcase the company’s resilience and its commitment to delivering sustained growth and profitability.
Source: BSE
