Welspun Corp Limited has formally announced the incorporation of its Wholly Owned Subsidiary (WOS) in the United Arab Emirates (UAE). The new entity, named Welspun International FZCO (“WIFZCO”), was established in the Dubai Multi Commodities Centre (DMCC). WIFZCO will focus on global marketing and trading activities for the parent company’s products and raw materials. The total subscribed share capital amounts to AED 1,000,000, confirming 100% ownership by Welspun Corp.
Confirmation of UAE Subsidiary Formation
Following up on a previous disclosure made on 30th October, 2025, Welspun Corp Limited confirms the successful incorporation of its Wholly Owned Subsidiary (WOS) in the Free Trade Zone of the United Arab Emirates (UAE).
The newly incorporated entity has been named Welspun International FZCO (“WIFZCO”) and is located within the Dubai Multi Commodities Centre (DMCC), UAE. The Company has received the official Certificate of Incorporation/licence on the date of this announcement, 25 February, 2026.
Strategic Role and Business Focus
The primary mandate for WIFZCO is to handle global marketing across all of Welspun Corp’s product lines. Furthermore, WIFZCO will undertake the trading of products and raw materials in which the parent company and its subsidiaries are actively engaged.
The industry classification for this new entity is International marketing & Trading activities.
Acquisition Details and Investment
The incorporation details confirm that WIFZCO is a wholly owned subsidiary, meaning 100% of the shareholding is held by Welspun Corp. There is no interest held by the promoter group or associated companies.
- Date of Incorporation: 13 January, 2026 (Certificate of Licence received on 17 February, 2026).
- Consideration: Cash consideration was used for the subscription.
- Cost of Acquisition: The Company subscribed to the share capital amounting to AED 1,000,000, divided into 1,000 shares at AED 1,000 each.
- Turnover/Size: Not applicable, as it is a newly incorporated company.
Implications for Corporate Structure
The establishment of WIFZCO is considered a strategic move to facilitate international operations, though the business of WIFZCO (marketing and trading) is considered to be within the general scope of business already transacted by the parent company and its subsidiaries.
Source: BSE
