General Updates

WLL/SEC/2026 July 24, 2026 Bombay Stock Exchange Limited National Stock Exchange of India Limited Department of Corporate Services, Listing Compliance Department SP. J. Towers, Dalal Street, Exchange Plaza, Bandra-Kurla Complex, Mumbai – 400 001 Bandra (E), Mumbai – 400 051 (Scrip Code-514162) (Symbol: WELSPUNLIV) Dear Sir / Madam, Sub: Outcome of the meeting of the Board of Directors of Welspun Living Limited (the Company) held on July 24, 2026. Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Listing Regulations), we would like to inform you that the Board of Directors at its meeting today, i.e. Friday, July 24, 2026, has, inter alia: A) Approved the transfer of stake of Welspun Captive Power Generation Limited (WCPGL) to Welspun Corp Limited (WCL): Approved the transfer of 51% stake held by the Company in “Welspun Captive Power Generation Limited” (“WCPGL”), comprising of 1,50,64,213 (One Crore Fifty Lakh Sixty-Four Thousand Two Hundred and Thirteen) equity shares of face value Rs. 10/- (Rupees Ten only) each, to Welspun Corp Limited (WCL), a promoter group Company, at a consideration of Rs. 67.66 Crores (Rupees Sixty-Seven Crore and Sixty-Six Lakhs Only), subject to such statutory, regulatory, and other approvals as may be applicable. The proposed transfer is intended to be completed by August 31, 2026. The aforesaid transaction has been approved as part of the Company's strategic initiative towards increasing the use of renewable and green energy. Further, as previously intimated to the Stock Exchanges vide letter dated March 19, 2026, the transmission line connecting the group captive power plant has become operational, enabling the Company to receive renewable energy from the said facility. Upon completion of the above transaction, WCPGL will cease to be a Subsidiary of the Company and will become an Associate Company. The details as required for Agenda A under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read along with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, as amended from time to time is annexed herewith as ‘Annexure I’ to this letter, respectively. B) Approved the Capital Expenditure for De-bottlenecking & Modernization Project at Anjar facility. Approved the capital expenditure for De-bottlenecking & Modernisation Project at the Company's plant at Anjar amounting to Rs. 121 Crore. The aforesaid capital expenditure has been approved in view of replacing the old technology with new and advanced technology. This advancement is done with a view to meet market demands and better utilisation of plants. The meeting of the Board of Directors commenced at 05:30 P.M. and the abovementioned agenda items were approved by the Board of Directors at 06:30 P.M. You are kindly requested to take the above on record. Thanking you. Yours faithfully, For Welspun Living Limited Shraddha Popat Company Secretary ACS: 54561 Annexed: as above Annexure I Sr. No. Particulars Details 1 The amount and percentage Total Income, Turnover, Revenue and Net worth of the turnover or revenue or of Welspun Captive Power Generation Limited income and net worth (“WCPGL”) as on March 31, 2026. contributed by such unit or division or undertaking or Particulars (Rs.in Percentage of subsidiary or associate Crore for contribution in company of the listed entity WCPGL) the Company. during the last financial year; Total Income 123.28 1.30 Turnover 109.95 1.17 Revenue 109.95 1.17 Net Worth 196.00 4.11 The Company holds currently 77% equity stake in WCPGL 2 Date on which the Will be executed by August 31, 2026 agreement for sale has been entered into; 3 The expected date of August 31, 2026 completion of sale/disposal; 4 Consideration received from Rs. 67.66 Crore such sale/disposal; 5 Brief details of buyers and Welspun Corp Limited, a promoter group whether any of the buyers company. belong to the promoter/ promoter group/group companies. If yes, details thereof; 6 Whether the transaction The proposed transaction of WCPGL will fall would fall within related under related party transaction as WCPGL is a party transactions? If yes, subsidiary of the Company and the buyer, whether the same is done at Welspun Corp Limited is a promoter group “arm’s length”; company. Further, the proposed acquisition will be executed on an arms’ length basis. 7 Whether the sale, lease or Not applicable disposal of the undertaking is outside Scheme of Arrangement? If yes, details of the same including compliance with regulation 37A of LODR Regulations. 8 In case of a slump sale, Not applicable indicative disclosures provided for amalgamation/merger, shall be disclosed by the listed entity with respect to such slump sale.