Welspun Corp Limited’s board has approved the unaudited financial results for Q2 FY26. The Board also approved the incorporation of two wholly-owned subsidiaries in the United Arab Emirates. Furthermore, the Company will acquire a 4.11% equity stake in Welspun Specialty Solutions Limited from the Promoter Group. Following this acquisition, Welspun Corp’s stake in Welspun Specialty Solutions will increase from 51.06% to 55.17%.
Financial Results Approved
Welspun Corp Limited announced that its Board of Directors has approved the unaudited financial results for the quarter and half-year ended September 30, 2025 (Q2 FY26). The results have been reviewed by the Audit Committee.
New UAE Subsidiaries
The Board has approved the incorporation of two new wholly-owned subsidiaries located in the United Arab Emirates. These subsidiaries are aimed at expanding the Company’s global footprint.
Stake Acquisition in Welspun Specialty Solutions
Welspun Corp will acquire 27,239,744 equity shares, representing a 4.11% stake, in its subsidiary, Welspun Specialty Solutions Limited, from the Promoter Group. The acquisition will be at market price, subject to compliance with applicable laws.
Increased Holding
Upon completion of this acquisition, Welspun Corp’s equity holding in Welspun Specialty Solutions Limited will increase from 51.06% to 55.17%.
Source: BSE
