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WCL/SEC/2026 22nd June, 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 Sir/ Madam,
Sub.: Business Responsibility and Sustainability Report for the financial year ended
31st March, 2026.
Ref.: a. Regulation 34(2)(f) of the Securities and Exchange Board of India (Listing
Obligations and Disclosure Requirements) Regulations 2015 (“SEBI Listing
Regulations”)
b. ISIN: INE191B01025
In terms of the Regulation 34(2)(f) of the SEBI Listing Regulations, attached is the Business
Responsibility and Sustainability Report (BRSR) which forms part of the Company’s Annual
Report for the financial year ended 31st March, 2026.
The Report is also available on the Company’s website at:
www.welspuncorp.com/agm.php
This is for your information and records.
Thanking you.
Yours faithfully,
For Welspun Corp Limited
Kamal Rathi
Company Secretary and Compliance Officer
ACS-18182
Annual Report 2025-26
Business Responsibility &
Sustainability Report
SECTION A: GENERAL DISCLOSURES
I. Details of the listed entity
Corporate Identity Number (CIN) of the Listed 1 L27100GJ1995PLC025609
Entity
2 Name of the Listed Entity Welspun Corp Limited
3 Year of incorporation 1995
Welspun City, Village Versamedi, Taluka Anjar, Dist.
4 Registered office address
Kutch, Gujarat-370110
Welspun House, 5th Floor, Kamala Mills Compound,
5 Corporate address
Senapati Bapat Marg, Lower Parel, Mumbai - 400 013
6 E-mail Companysecretary_WCL@welspun.com
7 Telephone +91 22 6613 6000
8 Website www.welspuncorp.com
9 Financial year for which reporting is being done April 01, 2025 to March 31, 2026.
BSE Limited (BSE)
Name of the Stock Exchange(s) where shares
are listed
National Stock Exchange of India Limited (NSE)
` 131.89 Crores divided in to 26,37,90,645 equity
11 Paid-up Capital
shares ` 5 each fully paid up
Mr Alok Mishra - Group Head – Sustainability
Name and contact details (telephone, email
12 address) of the person who may be contacted + 91 22 6613 5936
in case of any queries on the BRSR report alok_mishra@welspun.com
The report covers ESG performance of WCL
Standalone business, which includes
Reporting boundary - Are the disclosures under
1) Line Pipe division,
this report made on a standalone basis (i.e. only
for the entity) or on a consolidated basis (i.e. 2) Metallics division (Pig Iron Manufacturing) and
for the entity and all the entities which form a
3) Steel division (Sponge Iron and Billets
part of its consolidated financial statements, manufacturing division).
taken together).
The operating locations of the Company include
Anjar, Bhopal, Mandya and Head office, Mumbai
14 Name of assurance provider Intertek India Private Limited
15 Type of assurance obtained Reasonable Assurance
Corporate
Overview
Statutory
Reports
Financial
Statements
Business Responsibility & Sustainability Report
II. Products/services
16. Details of business activities (accounting for 90% of the turnover):
Description of Main Activity Description of Business Activity % Turnover of the Entity
Welspun Corp Limited is in the The products are industrial B2B
business of manufacturing and products that are engineered to
100%
sale of basic Iron and Steel pipes order and hence very specific to
along with other by product like the project for which they are to
pig iron etc. be used.
17. Products/Services sold by the entity (accounting for 90% of the entity’s Turnover) :
Product service NIC code % of total Turnover contributed
Manufacturing of basic Iron and
Steel pipes along with other by 2410 100%
products product like pig iron etc
Source: National Industrial Classification
III. Operations
18. Number of locations where plants and/or operations/offices of the entity are situated:
Plants Offices
National
Number of plants
3 - (Anjar, Mandya & Bhopal)
Number of offices
1 – Mumbai
Total
International Plants Offices
Number of plants
2 – (Little Rock, USA & Dammam,
Kingdom of Saudi Arabia)
No. of Offices
2 (1 in Houston & 1 in Dammam)
Total
Disclaimer: This map is a generalised illustration only for the ease of the reader to understand the locations and it is not intended to be used
for reference purposes. The representation of political boundaries and the names of geographical features/states do not necessarily reflect the
actual position. Our Company or any of our Directors, officers or employees cannot be held responsible for any misuse or misinterpretation of
any information or design thereof. Our Company does not warrant or represent any kind of connection with its accuracy or completeness.
Annual Report 2025-26
19. Markets served by the entity:
a. Number of locations
National (No. of States) International (No. of Countries)
More than 15 states More than 10 countries
b. What is the contribution of exports as a percentage of the total turnover of the entity?
Exports contribute to 35.05% of the total turnover
c. A brief on types of customers
W CL serves a diversified customer base comprising domestic and international clients across key sectors, including
oil and gas, water transportation, and irrigation. Its clientele includes EPC companies, government entities, public
sector undertakings (PSUs), public sector enterprises (PSEs) and Central & State government bodies.
IV. Employees
20. Details as at the end of Financial Year:
S. No. Particulars Total (A) Male Female
No. (B) % (B/A) No. (C) % (C/A)
a. Employees and workers (including differently abled)
Employees
1 Permanent Employees (A) 1225 1106 90% 119 10%
2 Other than Permanent Employees (B) 25 20 80% 5 20%
3 Total Employees (A+B) 1250 1126 90% 124 10%
Workers
4 Permanent Workers (C) 1448 1434 99% 14 1%
5 Other than Permanent Workers (D) 1476 1439 97% 37 3%
6 Total Workers (C+D) 2924 2873 98% 51 2%
b. Differently abled employees and workers
Employees
7 Permanent Employees (E) 2 2 100% 0 0%
8 Other than Permanent Employees (F) 0 0 0% 0 0%
9 Total Employees (E+F) 2 2 100% 0 0%
Workers
10 Permanent Workers (G) 3 2 67% 1 33%
11 Other than Permanent Workers (H) 0 0 0% 0 0%
12 Total Workers (G+H) 3 2 67% 1 33%
Note: The above table excludes apprentices
21. Participation/Inclusion/Representation of women
Board of Directors Key Management Personnel
Total (A) No. and percentage of Females Total (A) No. and percentage of Females
No. (B) % (B / A) No. (B) % (B / A)
10 1 10% 3 0 0%
Corporate
Overview
Statutory
Reports
Financial
Statements
Business Responsibility & Sustainability Report
22. Turnover rate for permanent employees and workers
FY 2025-26 FY 2024-25 FY 2023-24
Male Female Total Male Female Total Male Female Total
Permanent Employees 19% 24% 19% 23% 20% 23% 19% 2% 20%
Permanent Workers 17% 13% 17% 14% 13% 14% 11% 0.1% 11%
V. Holding, Subsidiary and Associate Companies (including joint ventures)
23. (a) Names of holding / subsidiary / associate companies / joint ventures
S . Name of the holding / subsidiary/ associate Indicate whether it is % of Does the entity
No. companies / joint ventures a holding / Subsidiary/ shares indicated in column
Associate/ or Joint held by A, participate
Venture listed in the Business
entity Responsibility
initiatives of the listed
entity? (Yes/ No)
1 Welspun Pipes Inc., (USA) Wholly Owned Subsidiary 100.00% No, the subsidiaries
manage and carry out
2 Welspun Tradings Limited, (India) Wholly Owned Subsidiary 100.00%
their own Business
3 Welspun DI Pipes Limited, (India) Wholly Owned Subsidiary 100.00% Responsibility
4 Welspun Tubular LLC, (USA) Wholly Owned Subsidiary 100.00% Initiatives in line with
the legal requirements
5 Welspun Global Trade LLC, (USA) Wholly Owned Subsidiary 100.00%
applicable to them.
6 Anjar TMT Steel Private Limited, (India) Wholly Owned Subsidiary 100.00%
7 Sintex Prefab & Infra Limited,(India) Wholly Owned Subsidiary 100.00%
8 Sintex-BAPL Limited,(India) Wholly Owned Subsidiary 100.00%
9 Sintex Advance Plastics
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