Outcome of Board Meeting

WLL/SEC/2026 October 30, 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 October 30, 2026. In terms of the requirements of Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circulars, as amended from time to time, this is to inform you that the Board of Directors at its meeting held today, i.e. Friday, October 30, 2026, has, inter alia approved the Unaudited Financial Results of the Company for the second quarter and half year ended September 30, 2026. Please find enclosed the following: - Unaudited Financial Results of the Company along with the Limited Review Report issued by the Statutory Auditors, on Consolidated as well as Standalone basis, for the second quarter & half year ended September 30, 2026, as reviewed by the Audit Committee and approved by the Board of Directors. - Press communication, which is being released simultaneously to the media. In furtherance to our letter dated September 29, 2026, please note that the trading window for dealing in the securities of the Company by the insiders, as required under the SEBI (Prohibition of Insider Trading) Regulations, 2015, as amended, shall re-open from Tuesday, November 03, 2026. The meeting of the Board of Directors commenced at 11:00 A.M. and the abovementioned agenda items were approved by the Board of Directors at 01:30 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 Enclosed: as above Q2 FY27 Resilient | Repurposed | Future Ready Welspun Living achieves net-cash position, delivers double-digit growth and further expands EBITDA margins Mumbai, October 30, 2026: Welspun Living Ltd. (WLL), a global leader in Home Textiles and part of the US$ 9 billion Welspun Group, announced Q2FY27 results today. Key Highlights Q2FY27 Financial Highlights: ▪ Revenues grew 16.9% year-on-year and 1.5% sequentially to ₹2,870 crore ▪ EBITDA stood at ₹370 crore with EBITDA Margin improving to 12.9%, up 600 basis points year-on-year and 40 basis points sequentially ▪ PAT grew 13x YoY to ₹169 crore ▪ Balance sheet continued to strengthen ▪ Achieved a net-cash position, compared with net debt of ₹775 crore in March 2026. ▪ Cash conversion cycle improved significantly to 44 days, from 82 days in March 2026. ▪ Capital Efficiency: ROCE improved to 12.7%, reflecting continued progress in capital utilization and returns. Q2FY27 Business Highlights: ▪ Home textile exports grew 18.3% YoY, supported by improving demand ▪ US pillow business grew 2.4x YoY in Q2 with both manufacturing facilities operational and remains on track to double revenues in FY27 ▪ Domestic business delivered strong growth 28.2% year-on-year, with our brand “Welspun” growing 37%, reflecting sustained consumer traction and continued momentum in India ▪ Flooring revenue grew 19.3% year-on-year, while EBITDA margin improved to 10.8%, ▪ Operational Restoration: Restoration of the Vapi operations is progressing, with full restoration expected during the course of the year ▪ Green power transition: Anjar facility now operates on 100% green power marking a significant step forward in our sustainability journey. NSE/BSE: WELSPUNLIV | Bloomberg: WLSI:IN | Reuters: WLSP.NS Page | 1 Q2 FY27 Resilient | Repurposed | Future Ready Management Commentary: Speaking about the performance, Ms. Dipali Goenka, Managing Director & CEO, Welspun Group said: “Q2 FY27 reflects our continued progress in driving profitable growth and strengthening our financial position. We delivered 16.9% revenue growth, expanded EBITDA margins to 12.9% and achieved a net-cash position, supported by a significant improvement in cash conversion. These milestones reflect our focus on operating discipline, capital efficiency and the quality of our growth. The global home textiles market continues to evolve, with increasing emphasis on sourcing diversification, supply-chain resilience, product innovation and speed to market. India’s growing competitiveness in global sourcing and expanding trade access present meaningful opportunities. Our manufacturing scale, customer partnerships and product capabilities position us well to capitalise on these shifts. Growth across Home Textiles exports, our US onshore pillow business and the domestic market, alongside improving profitability in Flooring, demonstrates the breadth of our business. Looking ahead, we remain focused on sustaining double-digit growth, maintaining margins in the low teens, improving returns on capital and generating strong cash flows. While the external environment remains dynamic and restoration of our Vapi operations remains a near-term priority, we will continue to invest selectively in capabilities, innovation, brands and sustainability to strengthen our competitive position and create long-term value for our stakeholders.” Brand & Corporate Highlights: ▪ SPACES Collection Launch: Unveiled its Autumn-Winter 2026 collection at the World Trade Centre, Thane, showcasing expressive prints, quilted coverlets, hand-painted collector pieces and couture- inspired threadwork. ▪ Brand Campaign: Welspun Living’s latest campaign, ‘Itna Drama Kyun?’, featuring Vidya Balan, uses humour and cinematic storytelling to highlight everyday household frustrations while showcasing the benefits of QuikDry Towels and Bedsheets. ▪ Workplace Recognition: Recognised among the Most Preferred Workplaces for Women 2026–27 by Team Marksmen, reflecting Welspun Living’s commitment to fostering an inclusive and empowering workplace. NSE/BSE: WELSPUNLIV | Bloomberg: WLSI:IN | Reuters: WLSP.NS Page | 2 Q2 FY27 Resilient | Repurposed | Future Ready About Welspun Living Ltd: Welspun Living Ltd (WLL), part of $ 5 Bn Welspun Group, is a global leader in Home textiles. With a distribution network in more than 60 countries and world class manufacturing facilities in India, Welspun is strategic partners with top global retailers. WLL is driven by its differentiation strategy based on Branding, Innovation and Sustainability. About Welspun Group: A US$ 9 billion enterprise, Welspun Group is one of India’s fastest growing conglomerates with businesses in Line Pipes, Home Textiles, Infrastructure, Warehousing, Oil & Gas, Advanced Textiles and Floorings. The Group has a strong foothold in over 60 countries with 40,000 employees and over 100,000 shareholders. Headquartered in Mumbai, Welspun Group’s manufacturing facilities are strategically located in India, USA and Saudi Arabia. Known for technological and operational excellence, the Group has established a leadership position in the Line Pipe & Home Textiles sectors globally. Its clients include most of the Fortune 100 companies. For further information please visit www.welspunliving.com or contact: Mr Manish Bansal (manish_bansal@welspun.com); Ms. Bharti Agarwal (bharti_agarwal@welspun.com) DISCLAIMER: The information in this release has been included in good faith and is for general purposes only. It should not be relied upon for any specific purpose and no representation or warranty is given as regards to its accuracy or completeness. No information in this release shall constitute an invitation to invest in Welspun Living Ltd. or any of its affiliates. Neither Welspun Living Ltd., nor their or their affiliates' officers, employees or agents shall be liable for any loss, damage or expense arising out of any action taken on the basis of this release, including, without limitation, any loss of profit, indirect, incidental or consequential loss. NSE/BSE: W [Showing first 8,000 characters — download PDF for full document]