General Updates

WCL/SEC/2026 11th September, 2026 BSE Ltd. National Stock Exchange of India Ltd. Listing Department, Exchange Plaza, P. J. Towers, Dalal Street, Bandra-Kurla Complex, Mumbai – 400 001. Bandra (E), Mumbai – 400 051. (Scrip Code: Equity - 532144), (Symbol: WELCORP, Series EQ) (NCD – 973309) Dear Sirs/ Madam, Subject: Intimation of Incorporation of a new step-down wholly owned subsidiary Ref.: a. Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”) as amended from time to time. b. SEBI Master Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30th January, 2026 (“SEBI Master Circular”) as amended from time to time. c. ISIN: INE191B01025 We would like to inform you that the Welspun Corp Limited (‘the Company’ or ‘WCL’) has received a communication from its wholly-owned subsidiary viz. Welspun DI Pipes Limited (“WDI”) that the Board of Directors of WDI at its meeting held on 11th September, 2026 has considered and approved incorporation of a wholly owned subsidiary in the name of ‘Welspun Special Coating Private Limited’. Accordingly, on incorporation, the said company shall become a step-down wholly owned subsidiary of WCL. The proposed company shall be incorporated with the object, to carry on the business of applying, providing, executing and undertaking all types of coating works including but not limited to polyolefin, polymers, fusion bonded epoxy, internal fusion bonded epoxy, epoxy, polyurethane, polyethylene, polypropylene, coal tar, blasting, painting, anti-corrosive, anti-rust, abrasion- resistant, heat-resistant and other protective or functional coatings or any combination thereof. The details under SEBI Listing Regulations and SEBI Master Circular are given as Annexure A. The same is for your information and records. Yours faithfully, For Welspun Corp Limited Kamal Rathi Company Secretary and Compliance Officer ACS-18182 Encl. a/a. Annexure A Sr. Particulars Details 1. Name of the entity, date & country The name of the proposed company shall be of incorporation, etc. ‘Welspun Special Coating Private Limited’ or such other name as may be approved by the relevant authorities. The necessary update with respect to the date of incorporation will be given once the proposed company is incorporated. Country of Incorporation: India 2. Name of holding company of the Name of the proposed holding company: incorporated company and Welspun DI Pipes Limited. relation with the listed entity; Relation with the listed entity: Step-down wholly owned subsidiary. 3. Industry to which the entity being Protective Coatings for Pipes and Metallic incorporated belongs Structures. 4. Brief background about the entity The proposed company shall be incorporated to incorporated in terms of products / carry on the business of applying, providing, line of business executing and undertaking all types of coating works. 5. Brief details of any governmental The incorporation of the proposed company is or regulatory approvals required subject to the approval of the Ministry of for the incorporation Corporate Affairs. 6. Nature of consideration - whether Subscription of shares in the proposed company cash consideration or share swap will be by way of cash consideration. and details of the same 7. Cost of subscription / price at Necessary update will be given once the which the shares are subscribed proposed company is incorporated. 8. Percentage of shareholding / 100% of the shareholding in the proposed control by the listed entity and / or company would be by Welspun DI Pipes Limited, number of shares allotted a wholly owned subsidiary of Welspun Corp Limited as mentioned above.