Press Release

Welspun°coRP WCL/SEC/2026 29th October, 2026 BSE Ltd. National Stock Exchange of India Limited 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 – 9973309) Dear Sir(s)/ Madam, Sub.: Press Release Ref.: a. Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended from time to time (“SEBI Listing Regulations”) b. ISIN: INE191B01025 Pursuant to the SEBI Listing Regulations, please find enclosed the Press Release on the financial results of the Company for the quarter and half year ended 30 September, 2026 which is being released to the media and also posted on Company’s website www.welspuncorp.com Kindly take the same on record. Thanking you. Yours faithfully, For Welspun Corp Limited Kamal Rathi Company Secretary and Compliance Officer ACS-18182 Encl: as above Welspun Corp Limited Welspun House, 5th Floor, Kamala City, Senapati Bapat Marg, Lower Parel (W), Mumbai 400013. India T: +91 22 6613 6000 / 2490 8000 F: +91 22 2490 8020 E-mail: companysecretary_wcl@welspun.com Website: www.welspuncorp.com Registered Address: Welspun City, Village Versamedi, Taluka Anjar, District Kutch, Gujarat 370110. India T: +91 28 3666 2222 F: +91 28 3627 9060 Corporate Identity Number: L27100GJ1995PLC025609 Welspun Corp Delivers Highest Ever Quarterly EBITDA in Q2FY27 Record All Time High Order Book | Strengthening Global Footprint | Strong Balance Sheet October 29, 2026, Mumbai: Welspun Corp Ltd (WCL), the flagship company of Welspun World, announced its consolidated financial results for the quarter ended September 30th, 2026. Q2FY27 Highlights:  EBITDA for Q2FY27 stood at 782 crore, up 25% YoY, maintaining strong momentum.  EBITDA for H1FY27 grew by 30% to Rs. 1,538 crore  PAT without exceptional items for H1FY27 grew 26% YoY to ₹997 crore.  ROCE stood strong at 22.7%  Net cash position further strengthened to ₹3,887 crore after incurring capex of ₹1,616 crore.  Current global order book stands at an all-time record high of ~₹50,000 crore.  Expanding Spiral (HSAW) Pipe capacity by 225 KMTPA in USA at a capex of US$115 million  Setting up a greenfield Spiral (HSAW) Pipe Plant along with coating facility in Jordan in a JV with Perma Pipes Inc at a total cost of US$125 million  Acquiring 49% direct stake in its step down subsidiary Welspun Special Coating Private Ltd. for setting up of an Internal FBE (Fusion Bonded Epoxy) coating plant in India in a partnership with Perma-Pipe. Consolidated Financial Performance: Q2 & H1 FY27 PARTICULARS (INR er.) Q2FY27 Q2FY26 YoY Gr. H1FY27 H1FY26 YoY Gr. Revenue from Operations 4,644 4,374 6% 8,725 7,925 10% Other Income 55 35 56% 119 70 69% Total Expenses 3,917 3,783 4% 7306 6809 7% EBITDA 782 626 25% 1538 1186 30% Depreciation and Amortisation 129 84 54% 254 169 50% Finance Cost 38 49 -22% 84 113 -26% Profit before tax and 614 493 25% 1200 905 33% share of JVs Share of profit/(loss) from 42 96 -56% 115 145 -21% Associates and JVs Exceptional Items• NA 548 NA PAT after Minorities, 499 440 13% 1545 790 96% Associates & JVs EPS 18.9 16.7 13% 58.6 30.0 95% PAT without Exceptional Items 499 440 13% 997 790 26% * One time gain on partial stake sale in East Pipes Integrated Company for Industry in Q1FY27 (EPIC), KSA Speaking about the results, Mr. Vipul Mathur, MD & CEO, Welspun Corp Ltd. said, “We have delivered a consistent performance during Q2FY27, with sustained progress across key financial parameters. H1FY27 EBITDA grew by 30% to Rs. 1,538 cr, against our full-year guidance of Rs. 2,850 cr. Our net cash position improved further, while ROCE stood at ~ 23%. Our order book reached an all-time record high of ~50,000 cr, providing strong medium to long-term business visibility. With strong demand visibility in the USA and the Middle East, we are strengthening our manufacturing footprint by adding a new spiral pipe facility in the USA and setting up a greenfield spiral pipe facility in Jordan through a joint venture with Perma-Pipe. Our entry into Jordan marks another step in expanding our reach into new markets and reinforcing our position in the global line pipe industry. As we pursue these opportunities, we remain focused on our core products and geographies, prudent capital allocation, maintaining strong supplier- customer relationships, innovation and building capabilities across our organisation. Our people remain integral to our growth strategy, while our sustainability agenda continues to guide responsible manufacturing and long-term value creation.” About Welspun Corp Ltd: Welspun Corp Limited (WCL) is the flagship company of Welspun World, one of India’s fastest growing multinational groups. WCL has a diversified portfolio spanning Line Pipes, Ductile Iron (DI) Pipes, Stainless Steel Bars, Pipes & Tubes, and TMT Rebars. The company also houses Sintex, India’s most trusted brand in water storage tanks and advanced plastic piping solutions, including OPVC. WCL serves customers across six continents and more than fifty countries, supported by world class manufacturing facilities in India, the United States of America, and the Kingdom of Saudi Arabia. With a strong focus on responsible and sustainable growth, WCL is ranked 5th globally and 2nd in India among steel companies in the S&P Global Corporate Sustainability Assessment (CSA) for the Dow Jones Sustainability Index (DJSI). This recognition reflects WCL’s commitment to delivering critical infrastructure solutions that strengthen energy security, water accessibility, and sustainable development worldwide. Website: www.welspuncorp.com | Email: corpcomm@welspun.com